El Norte Or Bust! - How Migration Fever Microcredit Produced a Financial Crash in a

Informationen zum Autor David Stoll, who has been visiting Guatemala since the 1970s, is professor of anthropology at Middlebury College. His books include Fishers of Men or Founders of Empire?, Is Latin America Turning Protestant?, Between Two Armies in the Ixil Towns of Guatemala, and Rigoberta Menchú and the Story of All Poor Guatemalans. Klappentext In this unexpected story of a financial bubble and collapse, David Stoll puts a compelling human face on the global economic crisis. Tracing the desperate plight of Latin Americans moving north in search of higher wages, he shows how for the Mayas of Nebaj, an indigenous town in Guatemala that is running out of land, the biggest challenge is finding employment for their youth. The Nebajenses have tried to solve that problem by using U.S. development aid funds to smuggle themselves to the United States and earn enough to support their families back home. As their experience shows, migration streams to the United States have become a pyramid scheme in which migrants recoup their losses by transferring risk, and with it the increasing likelihood of losing everything they own, to their relatives and neighbors. Ever-deepening debt, Stoll convincingly argues, is the powerful engine driving undocumented migration to the United States. Inhaltsverzeichnis Part I: The American Dream Comes to the CuchumatanesChapter 1: A Financial Bubble in a Guatemalan TownChapter 2: A Town of Many ProjectsChapter 3: Nebaj Goes NorthChapter 4: Indenture Travel Part II: The Nebaj Bubble and How It BurstChapter 5: Borrowers, Moneylenders and BanksChapter 6: Projects and Their Penumbra-SwindlesChapter 7: Losing Husbands to El NortePart III: Comparisons and ExtrapolationsChapter 8: Dreams and Pyramid SchemesChapter 9: The Right to Not Migrate

Product details

• Authors: Stoll, David Stoll, David M. Stoll, Stoll David
• Publisher: Rowman and Littlefield
• Languages: English
• Product format: Hardback
• Released: 13.12.2012
• EAN: 9781442220683
• ISBN: 978-1-4422-2068-3
• No. of pages: 296
• Subjects: Social sciences, law, business > Business > General, dictionaries; Guatemala, SOCIAL SCIENCE / Emigration & Immigration, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Finance / General, Migration, immigration & emigration, Migration, immigration and emigration, Economic & financial crises & disasters, Economic and financial crises and disasters, Credit and credit institutions, Credit & Credit Institutions, Relating to migrant groups / diaspora communities or peoples