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The Political Economy of Microfinance

Financializing Poverty

Philip Mader author

Format:Hardback

Publisher:Palgrave Macmillan

Published:12th Jul '15

Currently unavailable, and unfortunately no date known when it will be back

The Political Economy of Microfinance cover

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