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DR LAMINE SAGNA

- BIOGRAPHY -
Pr Sagna holds a Ph.D. in sociology as well as masters degrees in sociology, in business administration, and ethnic psychiatry. His research has focused on sociology of poverty as well as monetary and financial practices in relation to economic innovation and social risks. Visiting Professor at the University of Maryland's Department of Sociology, a position he has held since fall 2000. Dr. Sagna's current research addresses the impact of economic globalization and "regionalization" on everyday life.

Dr Sagna has received an offer from Princeton University to continue his research on monetary symbolic interaction and globalization. The purpose of his new research project at Princeton is to study and understand the process of globalization by focusing on Senegalese communities in New York and Washington DC. He will be examining how their monetary practices and networks serve to invert gender inequalities. Doctor Sagna wants to address in this proposed project, the issues and problems of confrontation between traditional and modern distributions of power, economic networks and gender. In particular, he wants to analyze the traditional savings (rotation systems called tontine), in a (post) modern context, such as New York and Washington DC.

In his recent book Money and Society (presented and signed at the World Bank Info-shop), he shows how poor people in France (often from sub-Saharan and North Africa, the French Caribbean, and some European countries) base their relation to money and financial institutions on their cultural, social and symbolic capital.
This book is part of a larger project in which he develops a model of how poor people manage financial uncertainties through cultural and social use of money. The author shows how low-income people have developed unique solidarity systems and techniques through parallel loans and savings networks as a response to discrimination in the formal financial and banking sectors. This book is also an invitation to reflect on the issues of trust and financial ethics in the global economy.

Indeed, while designing and implementing research for French institutions on financial behavior, the author continues to work with an international team of scholars about trust, ethics, and finance in globalization. Before coming to visit the University of Maryland, Dr. Sagna taught courses in anthropological economics and social science methodologies. He has participated in many multidisciplinary seminars, symposia and has written many articles for European journals on the topics of monetary practices and globalization. He speaks three languages fluently and is competent in two: English and Spanish.

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