The Political Economy of Microfinance

Financializing Poverty

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, International, Business & Finance
Cover of the book The Political Economy of Microfinance by Philip Mader, Palgrave Macmillan UK
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Author: Philip Mader ISBN: 9781137364210
Publisher: Palgrave Macmillan UK Publication: January 12, 2016
Imprint: Palgrave Macmillan Language: English
Author: Philip Mader
ISBN: 9781137364210
Publisher: Palgrave Macmillan UK
Publication: January 12, 2016
Imprint: Palgrave Macmillan
Language: English

According to the author, rather than alleviating poverty, microfinance financialises poverty. By indebting poor people in the Global South, it drives financial expansion and opens new lands of opportunity for the crisis-ridden global capital markets. This book raises fundamental concerns about this widely-celebrated tool for social development.

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According to the author, rather than alleviating poverty, microfinance financialises poverty. By indebting poor people in the Global South, it drives financial expansion and opens new lands of opportunity for the crisis-ridden global capital markets. This book raises fundamental concerns about this widely-celebrated tool for social development.

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