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The political economy of microfinance : financialising poverty /
This book helps to understand the enigmatic microfinance sector by tracing its evolution and asking how it works as a financial system. Our present capitalism is a financialized capitalism, and microfinance is its response to poverty. Microfinance has broad-ranging effects, reaching hundreds of mill...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Houndmills, Basingstoke Hampshire ; New York, NY :
Palgrave Macmillan,
2015.
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| Colección: | Studies in the political economy of public policy.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This book helps to understand the enigmatic microfinance sector by tracing its evolution and asking how it works as a financial system. Our present capitalism is a financialized capitalism, and microfinance is its response to poverty. Microfinance has broad-ranging effects, reaching hundreds of millions of people and generating substantial revenues. Although systemic flaws have become obvious, most strikingly with the 2010 Indian crisis that was marked by overindebtedness, suicides and violence, the industry's expansion continues unabated. As Philip Mader argues, microfinance heralds less the end of poverty than new, more financialized forms of poverty. While microfinance promises to empower, it generates discipline and extracts substantial resources from the poor, producing new crises and new forms of dispossession. |
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| Descripción Física: | 1 online resource (xii, 284 pages) |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9781137364210 1137364211 9781137364227 113736422X 9781349577361 1349577367 |