Thursday, April 17, 2014

Why Bilog Savings?

The compelling element in the subject of Bilog savings is the impact of lack of legal status in its realization.

The process of capital accumulation in the host state and its concomitant expenditure patterns in the origin state have been highlighted as inextricably linked to various social processes and cultural contexts in which migrants are embedded (Lian et al, 2012; Makina, 2014).    Indeed, migrants earn, save and remit monies that are received, allocated and spent by dependents in interaction with a whole gamut of societal configurations.  Migrants’ personal and social circumstances in both host and origin states impact savings in both positive and negative ways (Makina, 2014; Gorodzeisky, 2008).

The breadth, depth and dynamism of migrants’ social networks directly dictates employment or unemployment frequency especially in blue collar industries where most migrants abound.  Existing state policies on skilled versus unskilled workers undermine the full potentials of labor markets (Hugo, 2012), inevitably regressing into discriminatory and unfair labor practices (Torii, 2013) to the ultimate detriment of absolute migrant income levels.

What is relatively unexplored then is how “bilogness” impacts savings thru its intimate links with these social configurations.

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