The Canada-Caribbean Remittance Corridor

Todoroki, Emiko; Vaccani, Matteo; Noor, Wameek

doi:10.1596/978-0-8213-7919-6

Cited by 6 publications

(2 citation statements)

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“…Across the Caribbean and indeed much of the global south, remittances have become a faithful source of capital, a vital social safety net and source of local economic development for many households and communities. Sent in denominations of USD200–300 at intervals of every month or two, these private transfers of funds, typically finance everything from utility bills, school fees and food, to housing and medical supplies (IDB, 2004; Todoroki et al, 2009). Estimated at USD13.4 billion dollars in 2018 (World Bank, 2019), the Caribbean stands out among remittance economies because the absolute value of these inflows is higher than export earnings, overseas development aid, and even Foreign Direct Investment (FDI) (World Bank, 2019).…”

Section: Introductionmentioning

confidence: 99%

Racial capitalism, coloniality and the financialization of Caribbean remittances

Mullings

2022

Environ Plan A

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Diaspora remittances are a faithful source of capital, a vital social safety net and a source of local economic investment for many households, communities and states across the Caribbean. But recent efforts by powerful interests to exercise control over these flows of capital are beginning to threaten the continuity and accessibility of this lifeline. As financial institutions, fiscally constrained governments and imperializing states have become increasingly attuned to the value of Caribbean remittances, so too have their efforts to gain control over the volume and flow of these private transfers of funds. For governments, remittances promise the possibility of access to funds that can be used to bridge finance gaps, and among financial institutions they offer opportunities to generate profits from the cross-border movement of money. But for imperializing states, remittances are increasingly viewed as a potential threat to their efforts to control the movement of money. I argue that these different and sometimes conflicting views of remittances reflect the complex forms of coloniality and racial subjugation that continue to reproduce economies of dispossession.

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Section: Introductionmentioning

confidence: 99%

Racial capitalism, coloniality and the financialization of Caribbean remittances

Mullings

2022

Environ Plan A

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“…As a result, the importance of in‐kind remitting of goods, including foodstuffs, is often mentioned but largely ignored (Crush and Caesar, ). A 2009 World Bank study of the Canada‐Caribbean remittance corridor, for example, devoted just two short paragraphs to goods and food remitting in a 163‐page report (Todoroki et al., ). Even the well‐known practice of sending barrels containing food and other consumer goods from Canada and the United States to family members in the Caribbean has attracted little serious analysis (Crawford, ).…”

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confidence: 99%