From a national elite to the global elite: Possibilities and problems in scaling up.

Abstract

This research note highlights emerging findings that speak to the challenges of joining the transnational elite, particularly for those coming from the Global South. For a longitudinal study of wealth inheritors becoming more transnational via their educational paths, we spoke with 16 young people who were all in their early 20s and primarily from economic elite families in the Global South. Some participants had clear ambitions, while others were less sure about their future, wondering where they should move and what they should do when they got there. Their various narratives reveal that underlying the possibilities and problems of where to locate themselves was our participants' access to different constellations of economic, social and cultural capital, as well as their race, citizenship and 'home' country's geopolitical situation. Their parents' ambitions that they become part of a global elite remained in most cases largely unfulfilled-despite a significant economic investment in their secondary and university educations. Only a small minority of our participants aspired to and/or were able to secure such transnational futures.