Political Economy of Microfinance

Financializing Poverty

AvPhilip Mader

Inbunden, Engelska, 2015

Del i serien Studies in the Political Economy of Public Policy

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2015-07-12
Mått:140 x 216 x 25 mm
Vikt:490 g
Format:Inbunden
Språk:Engelska
Serie:Studies in the Political Economy of Public Policy
Antal sidor:284
Upplaga:2015
Förlag:Palgrave Macmillan
ISBN:9781137364203

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap

Mer om författaren

Philip Mader is a research fellow at the Institute for Development Studies, UK. He taught in Basel and studied in Sussex, Cambridge, Cologne, and Harvard. His doctoral thesis, which was written at the Max Planck Institute for the Study of Societies, won the German Thesis Award and the Max Planck Society's Otto Hahn Medal.

Recensioner i media

'Microfinance is financialization dressed up as charity: a pathway for global finance to penetrate the capitalist periphery. In this richly documented book, Mader dispels the myth that debt can move the poor out of poverty. Far from an economics of liberation, microfinance is part of a politics of repression: it extracts more wealth than it creates, and reinforces economic dependence.' - Wolfgang Streeck, Emeritus Professor, Max Planck Institute for the Study of Societies, Germany

Innehållsförteckning

1. A Framework for Engaging Microfinance2. A Genealogy of Microfinance 3. The Financialisation of Poverty 4. Financialising Public Goods5. Mechanisms of a Microfinance Crisis 6. At the Crossroads of Development and Finance 7. Appendix 7.1 Calculating the Surplus Extraction 7.2 Projects Using Microfinance for Water and Sanitation