Seduced and Betrayed : Exposing the Contemporary Microfinance Phenomenon

Bateman, Milford (EDT); Maclean, Kate (EDT); Galbraith, James K. (FRW)

ISBN 10: 0826357962 / ISBN 13: 9780826357960

Published by UNM Press, 2017

Seller Inventory # 28741119-n

Synopsis:

Microfinance began as the disbursement of tiny loans to the poor, which they could use to undertake informal income-generating activities. It went on to become one of the most popular international development policies of all time and a mainstay of local development and antipoverty programs across the Global South. The contributors to this multidisciplinary volume consider the origins, evolution, and outcomes of microfinance from a variety of perspectives and contend that it has been an unsuccessful approach to development. The contributors contend that over the last twenty years, microfinance policies have exacerbated poverty and exclusion, undermined gender empowerment, underpinned a massive growth in inequality, destroyed solidarity and trust in the community, and, overall, manifestly weakened those local economies of the Global South where it reached critical mass. They use qualitative anthropological, economic, and political-economic research to unpack the ideas and values that have allowed microfinance to “seduce” the world and blind so many to its corrosive effects.

About the Author: Milford Bateman is a visiting professor of economics in the Department of Economics and Tourism at Juraj Dobrila University of Pula, Croatia, and an adjunct professor in International Development Studies at Saint Mary’s University in Halifax, Canada.

Kate Maclean is a senior lecturer in the Department of Geography, Environment and Development Studies at Birkbeck, University of London.

Bibliographic Details

Title: Seduced and Betrayed : Exposing the ...
Publisher: UNM Press
Publication Date: 2017
Binding: Soft cover
Condition: New