|Chapter title||Finance, Development, and Remittances: Extending the Scale of Accumulation in Migrant Labour Regimes|
|Editors||Carroll, T. and Jarvis, D.S.L.|
The last decade has seen a heightened level of interest in the relationship between
remittances and development, driven by the World Bank and other Bretton Woods Institutions.
This has materialised in a global agenda to incorporate migrants and their households in
commercial banking. The double significance of this policy rests in the financial
incorporation of migrants and their households, and in the deepening entrenchment of the
historical labour migration dynamic between sending communities and centres of capital. The
central role of labour power in the advance of money forms the core of this analysis of a
contemporary market-building strategy. This article presents a threefold critique of the global
remittance agenda, based on (1) its transformative profit-driven development ideology, (2) its
detachment of remittances from the political economy of migrant labour regimes, and (3) its
dismissal of existing modes of remitting and uses of the funds.
|Keywords||labour migration, remittances, neo-liberalism, capital accumulation, financialisation, modes of production, West Africa|
|Book title||Markets and Development: Civil Society, Citizens and the Politics of Neoliberalism|
|Place of publication||Abingdon|