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G enerating , storing and exchanging value

This study investigates the financial practices within rural communities of Mexico and India, focusing on the generation, storage, and exchange of both monetary and non-monetary values. It compares frameworks of calculation, the role of self-help groups, and local migration impacts. Key themes include valuing assets such as land and livestock, the significance of rituals, and the influence of caste in Tamil Nadu. The analysis explores community solidarity through various financial instruments and emphasizes the historical context of cooperatives and remittance flows from the US.

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G enerating , storing and exchanging value

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  1. Generating, storing and exchangingvalue Comparingfinancialpractices in Mexican and Indian rural communities

  2. Aims • Compare processes of • generation, • storage, • accumulation, • mobilization • and exchange of monetary and non-monetaryvaluables • Frameworks of calculation • Financialinstruments

  3. Tamil Nadu in South India • Marginal farmers and landlesslaborersmigratelocally • Caste as a fundamental feature • Owningland, housing, livestock and jewelsprovide status • Investment in rituals (marriages, festivals) • Recentemergence of Selfhelpgroups

  4. El Grullo in Western Mexico • Irrigationdistrict • Maize,sugarcane, horticulture • Cattle as store of value • Investments in vehicles, shops, musical instruments • Remittancesfromthe US • History of cooperatives and savingsassociations

  5. Generation of value • Production • Migration • Financialpractices • Differentkinds of resources and currencies • Monetarization and financiarization

  6. Storage of value • Gold as saving and as social capital • Cattle • Roscas/ Chitfunds • Lending • Credit and SavingsAssociations • Banks and financialinclusion

  7. Valuemobilization and debt • Debt, protection, exploitation and solidarities • Debt as a marker of hierarchies • Processes of valuation • Social arrangements • Howdebtissignified • Estimates • Predictions • appraisals

  8. Transactions and forms of exchange • Social differentiation • Social status • Segmentation • Access • Strategies • Financialregulation • Non monetaryelementsintertwinedwithmonetaryvalue

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