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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
The Financialization of Social Policies in Mexico: The Laborious Conversion of Cash Transfers Into Financial Products
Author(s): Solène Morvant-Roux, Mariana Carmona
Citation: Solène Morvant-Roux, Mariana Carmona, (2020) "The Financialization of Social Policies in Mexico: The Laborious Conversion of Cash Transfers Into Financial Products," Journal of Applied Business and Economics, Vol. 22, Iss.10, pp. 292-301
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The article analyzes a recent evolution of the social transfer program, Prospera in Mexico. The Mexican government is trying to link this aid to financial products (credit, savings) for the beneficiaries. Justified as a technical issue for the sake of greater efficiency, we show that this move is accompanied by profound transformations both of the actors involved in the implementation of this new generation of financialized social programs and of contradictory injunctions that frame the use of monetary transfers. Thus, money for social purposes and money intended to produce financial debt are not naturally convertible.
