In this Book

summary

Microfinance began as the disbursement of tiny loans to the poor, which they could use to undertake informal income-generating activities. It went on to become one of the most popular international development policies of all time and a mainstay of local development and antipoverty programs across the Global South. The contributors to this multidisciplinary volume consider the origins, evolution, and outcomes of microfinance from a variety of perspectives and contend that it has been an unsuccessful approach to development. The contributors contend that over the last twenty years, microfinance policies have exacerbated poverty and exclusion, undermined gender empowerment, underpinned a massive growth in inequality, destroyed solidarity and trust in the community, and, overall, manifestly weakened those local economies of the Global South where it reached critical mass. They use qualitative anthropological, economic, and political-economic research to unpack the ideas and values that have allowed microfinance to “seduce” the world and blind so many to its corrosive effects.

Table of Contents

  1. Front Cover
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  1. Title Page, Copyright
  2. pp. i-iv
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  1. Contents
  2. pp. v-vi
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  1. Foreword
  2. James K. Galbraith
  3. pp. vii-viii
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  1. Introduction: Setting the Scene
  2. Milford Bateman and Kate Maclean
  3. pp. 1-14
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  1. Part One: Background
  2. pp. 15-16
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  1. 1: The Political Economy of Microfinance
  2. Milford Bateman
  3. pp. 17-32
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  1. 2: Poverty Reduction or the Financialization of Poverty?
  2. Maren Duvendack and Philip Mader
  3. pp. 33-46
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  1. Part Two: Seduction
  2. pp. 47-48
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  1. 3: Pop Development and the Uses of Feminism
  2. Meena Khandelwal and Carla Freeman
  3. pp. 49-68
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  1. 4: Petit Bourgeois Fantasies: Microcredit, Small-Is-Beautiful Solutions, and Development’s New Antipolitics
  2. Elliott Prasse-Freeman
  3. pp. 69-86
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  1. 5: Kiva’s Staging of “Peer-to-Peer” Charitable Lending: Innovative Marketing or Egregious Deception?
  2. Domen Bajde
  3. pp. 87-102
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  1. 6: Muhammad Yunus’s Model of Social Business: A New, More Humane Form of Capitalism or a Failed “Next Big Idea”?
  2. Milford Bateman and Sonja Novković
  3. pp. 103-124
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  1. Part Three: Betrayal
  2. pp. 125-126
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  1. 7: Bosnia’s Postconflict Microfinance Experiment: A New Balkan Tragedy
  2. Milford Bateman and Dean Sinković
  3. pp. 127-146
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  1. 8: From Tigers to Cats?: The Rise and Crisis of Microfinance in Rural India
  2. Marcus Taylor
  3. pp. 147-160
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  1. 9: The Destructive Role of Microcredit in Post-apartheid South Africa
  2. Milford Bateman and Khadija Sharife
  3. pp. 161-182
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  1. 10: Public Goods Provision Aided by Microfinance: Groupthink, Ideological Blinkers, and Stories of Success
  2. Philip Mader
  3. pp. 183-202
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  1. 11: The “Scandal” of Grameen: The Nobel Prize, the Bank, and the State in Bangladesh
  2. Lamia Karim
  3. pp. 203-218
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  1. 12: Agricultural Microfinance and Risk Saturation
  2. Charlotte Heales
  3. pp. 219-234
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  1. Part Four: Alternatives
  2. pp. 235-236
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  1. 13: Banking on the Difference: Credit Unions as Superior Local Financial Institutions for the Poor
  2. Jessica Gordon Nembhard
  3. pp. 237-250
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  1. 14: Microfinance and the “Woman” Question
  2. Kate Maclean
  3. pp. 251-264
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  1. 15: Moral and Other Economies: Nijera Kori and Its Alternatives to Microcredit
  2. Kasia Paprocki
  3. pp. 265-278
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  1. 16: The “Solidarity Economy” Model and Local Finance: Lessons from New Left Experiments in Latin America?
  2. Milford Bateman and Kate Maclean
  3. pp. 279-296
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  1. Conclusion: It’s the Politics, Stupid
  2. Milford Bateman and Kate Maclean
  3. pp. 297-302
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  1. References
  2. pp. 303-356
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  1. Contributors
  2. pp. 357-358
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  1. Index
  2. pp. 359-368
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  1. Back Cover
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Additional Information

ISBN
9780826357977
Related ISBN
9780826357960
MARC Record
OCLC
956584168
Pages
392
Launched on MUSE
2017-05-17
Language
English
Open Access
No
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