RMIT News An exploration of globalisation and money

A new book by RMIT University Professor Supriya Singh investigates how globalisation is transforming the world of money.

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Globalization and Money: A Global South Perspective explores how men and women, particularly the poor and the unbanked in the Global South, use money to empower themselves and their families.

Professor Singh said the book combined theory and individual stories to show how money was symbolic of personal relationships and interconnected markets, the half of the world that was unbanked, and gender disparities.

“This story of globalisation is also a story of the absence of women from the headlines, from financial inclusion, access to technology and from wealth,” she said.

“In charting the relationships between banking and money management, my research has found that the banking patterns of men and women are tied to their management of money in the household.”

Professor Singh draws a similar connection between remittances as one of the largest international flow of funds and family money.

Globalization and Money: A Global South Perspective (Rowman and Littlefield).

“Migrants send money home to show they care for their families and communities left behind,” she said.

“Yet these remittances are far from symbolic; instead they represent more than three times the total amount of official development assistance.”

Professor Bill Maurer, University of California, Irvine, has commended the book as charting “a course for a new global sociology of money for the twenty-first century”.

“Money is changing – in its flows, its figurings, its very form,” he said.

“Supriya Singh’s marvellous book demonstrates how much of this change today is coming from the Global South.”

Professor Singh is a Professor, Sociology of Communications in theGraduate School of Business and Law.

She also leads the Smart Services Cooperative Research Centre in the College of Business, Co-convenes Asia@RMIT and is Program Leader of the Community, Migration and Development research stream in the Global Cities Research Institute.

Professor Singh’s research includes the sociology of money, banking and migration; user-centred design of information and communication technologies; and qualitative research methodology.

The book was recently launched by Professor Geoffrey Stokes, Deputy Pro Vice Chancellor, Research and Innovation, in the College of Business.

The launch was held at RMIT and supported by the Eltham Bookshop.

Globalization and Money: A Global South Perspective is published by Rowman and Littlefield.

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