Why Doesn't Microfinance Work?
Subtitle: The Destructive Rise of Local Neoliberalism (The New Economics)
Publisher: Zed Books
Published: August 17, 2010
Language: eng
Format: Paperback
Number of pages: 256
ISBN-13: 9781848133327
Subjects: Business & Investing -- Economics -- Development & Growth; Business & Investing -- Economics -- Economic Policy & Development; Business & Investing -- Economics -- International; Business & Investing -- Economics -- Theory; Business & Investing -- Popular Economics -- Policy & Current Events; Professional & Technical -- Accounting & Finance -- Finance
Description: 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.