Immigration, remittances, and transnational social capital formation: a Cuban case study

Social capital takes on distinctive meaning in the context of large-scale immigration from poor to rich countries. In this article, characteristics of social capital embedded in transnational networks and norms, conditions conducive to the formation of such networks, and effects such networks have are extrapolated from an analysis of how and why cross-border relations among Cuban-Americans and Cubans in their homeland have changed since the 1959 Castro-led revolution. The transnational social capital generating benefit on which the study focuses is remittances. Remittances are of growing global importance to less developed countries, and in some countries they generate more revenue than foreign aid and foreign investment. The analysis addresses a range of unintended as well as intended consequences remittances may have.