why doesn t microfinance work

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Why Doesn T Microfinance Work

Author : Milford Bateman
ISBN : 9781848138957
Genre : Business & Economics
File Size : 24. 42 MB
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Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work. In fact, the case for it has been largely built on hype, on egregious half-truths and – latterly – on the Wall Street-style greed of those promoting and working in microfinance. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfi nance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn’t Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.

Confronting Microfinance

Author : Milford Bateman
ISBN : 9781565494374
Genre : Business & Economics
File Size : 38. 43 MB
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Incorporates global perspective but focuses on southeastern Europe, a key arena for microfinance and microcredit programs --

Can Microfinance Work

Author : Lesley Sherratt
ISBN : 9780199383191
Genre : Financial institutions
File Size : 84. 84 MB
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Microfinance began with the noble aim of alleviating poverty through the extension of small loans to poor borrowers, and has grown to now serve approximately 200,000,000 people-the majority of whom are female. Yet despite claims to the contrary, the practice has not been proven to have succeeded in either enriching or empowering its borrowers. In a thorough-going ethical assessment of the industry, Can Microfinance Work? examines the central microfinance model and whether or not it is effective, the extent to which the practice creates the conditions for exploitation and coercion to occur, and whether the distribution of the benefits and burdens of microfinance is likely to be an ethical one. Author Lesley Sherratt argues for the establishment of a duty of care in microfinance in recognition of the vulnerability of the client base. She also examines the ethical dilemmas inherent in working in the informal sector, as well as microcredit's macro impact on economies. From there, Sherratt draws some wider lessons microfinance can offer anti-poverty developments in general. Challengingly, the book considers how microfinance might be reformed to ensure it is practiced both more ethically and effectively, and in doing so, argues that only a part of the industry may survive in its current form. The bulk could instead bifurcate in to one of two camps, either scaling down to become predominantly savings rather than credit vehicles, probably subsidized; or scaling up to provide credit to small and medium enterprise lending operations. For the rest, it is argued that establishing a non-exploitative interest rate, ending the practice of group liability, and fully specifying a duty of care -- with, if necessary, regulation developed to enforce these -- are microfinance's urgent ethical priorities.

Governance Across Borders

Author : Leonhard Dobusch / Philip Mader / Sigrid Quack
ISBN : 9783844248241
Genre : Social Science
File Size : 60. 7 MB
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This book critically reflects on different forms of transnational institution-building. It

Microfinance In Developing Countries

Author : J. Gueyie
ISBN : 9781137301925
Genre : Business & Economics
File Size : 73. 18 MB
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Microfinance in developing countries is a collection of studies by leading researchers in the field of microfinance. It discusses key issues that the rapidly growing microfinance industry currently faces, and offers interesting views and analysis of topical matters concerning the microfinance realm.

Small Change Big Deal

Author : Jennifer Kavanagh
ISBN : 9781780993140
Genre : Business & Economics
File Size : 51. 88 MB
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As we consider the plight of our consumer-driven economy, it is easy to forget that money is about relationship: between individuals and between communities. In our current financial mess, it is worth reminding ourselves of community-based alternatives, and to look closely at microcredit, a model of peer lending to enable people to move out of poverty. From Bangladesh, from South Africa, from Ghana, and from the East End of London, we are given a worm’s eye view of small scale work, of personal transformation, and the building of community. Small and local is still beautiful, and has much to teach us.

Introducing Globalization

Author : Matthew Sparke
ISBN : 9781118241110
Genre : Political Science
File Size : 70. 56 MB
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Designed specifically for introductory globalization courses, Introducing Globalization helps students to develop informed opinions about globalization, inviting them to become participants rather than just passive learners. Identifies and explores the major economic, political and social ties that comprise contemporary global interdependency Examines a broad sweep of topics, from the rise of transnational corporations and global commodity chains, to global health challenges and policies, to issues of worker solidarity and global labor markets, through to emerging forms of global mobility by both business elites and their critics Written by an award-winning teacher, and enhanced throughout by numerous empirical examples, maps, tables, an extended bibliography, glossary of key terms, and suggestions for further reading and student research Supported by additional web resources – available upon publication at www.wiley.com/go/sparke – including hot links to news reports, examples of globalization and other illustrative sites, and archived examples of student projects Engage with fellow readers of Introducing Globalization on the book's Facebook page at www.facebook.com/IntroducingGlobalization, or learn more about this topic by enrolling in the free Coursera course Globalization and You at www.coursera.org/course/globalization

Routledge Handbook Of International Statebuilding

Author : David Chandler
ISBN : 9781135940010
Genre : Political Science
File Size : 48. 3 MB
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This new Handbook offers a combination of theoretical, thematic and empirical analyses of the statebuilding regime, written by leading international scholars. Over the past decade, international statebuilding has become one of the most important and least understood areas of international policy-making. Today, there are around one billion people living in some 50-60 conflict-affected, 'fragile' states, vulnerable to political violence and civil war. The international community grapples with the core challenges and dilemmas of using outside force, aid, and persuasion to build states in the wake of conflict and to prevent such countries from lapsing into devastating violence. The Routledge Handbook of International Statebuilding is a comprehensive resource for this emerging area in International Relations. The volume is designed to guide the reader through the background and development of international statebuilding as a policy area, as well as exploring in depth significant issues such as security, development, democracy and human rights. Divided into three main parts, this Handbook provides a single-source overview of the key topics in international statebuilding: Part One: Concepts and Approaches Part Two: Security, Development and Democracy Part Three: Policy Implementation This Handbook will be essential reading for students of statebuilding, humanitarian intervention, peacebuilding, development, war and conflict studies and IR/Security Studies in general.

Rethinking Development Challenges For Public Policy

Author : K. Hanson
ISBN : 9780230393271
Genre : Political Science
File Size : 28. 91 MB
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Covers topical issues for Africa's development, economics and politics of climate change, water management, public service delivery, and delivering aid. The authors argue that these issues should be included in the post-MDG paradigm and add an important voice to recent moves by academics and practitioners to engage with each other.

Confronting Finance

Author : Nicolas Pons-Vignon
ISBN : UCBK:C102931032
Genre : Political Science
File Size : 41. 86 MB
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As poverty and inequality are rising to alarming levels in Europe, the continent seems at a loss to respond. Political leaders appear content to liquidate the social gains made by workers' struggles. A small minority associated with the financial sector, possibly even smaller than one percent, stands to benefit from a deepening of neoliberalism. This new anthology of essays from the Global Labour Column explores Europe's turmoil and challenges the deep-rooted consequences of neoliberalism in the North and the South. It sheds light on new movements and ideas that are emerging to defend and mobilize workers, and it points to encouraging new policies and directions that could lay the foundations of a new order that would have decent work and life at its core. Many of these innovations come from the South, and the North may have much to learn from them.

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