The Political Economy of Microfinance
Financializing Poverty
Format:Hardback
Publisher:Palgrave Macmillan
Published:12th Jul '15
Currently unavailable, and unfortunately no date known when it will be back
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.
'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
ISBN: 9781137364203
Dimensions: unknown
Weight: 4777g
284 pages
1st ed. 2015