Description
In the mid-1980s the international development community helped launch what was to quickly become one of the most popular poverty reduction and local economic development policies of all time. Microcredit, the system of disbursing tiny micro-loans to the poor to help them to establish their own income-generating activities, was initially highly praised and some were even led to believe that it would end poverty as we know it. But in recent years the microcredit model has been subject to growing scrutiny and often intense criticism. The Rise and Fall of Global Microcredit shines a light on many of the fundamental problems surrounding microcredit, in particular, the short- and long-term impacts of dramatically rising levels of microdebt.
Developed in collaboration with UNCTAD, this book covers the general policy implications of adverse microcredit impacts, as well as gathering together country-specific case studies from around the world to illustrate the real dynamics, incentives and end results. Lively and provocative, The Rise and Fall of Global Microcredit is an accessible guide for students, academics, policymakers and development professionals alike.
Table of Contents
Contents
Preface
Acronyms
Notes on contributors
Part I: An overview
- Introduction
- Development prospects in an era of financialization
-
Impacts of the microcredit model: does theory reflect actual practice?
- Looking through the glass, darkly: microcredit in Peru
- Brazil: Latin America窶冱 unsung hero
- Colombia: A critical look
- Mexico and the microcredit model
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Sustainability paradigm to paradox: a study of microfinance clients窶� livelihoods in Bangladesh
Mathilde Maitrot - Cambodia: the next domino to fall?
- The instability of commercial microcredit: understanding the Indian crisis with Minsky
Milford Bateman, Stephanie Blankenburg and Richard Kozul-Wright
Richard Kozul-Wright
Milford Bateman
Part II: Country case studies
Matthew D. Bird
Fernanda Feil and Andrej Slivnik
Daniel Munevar
Eugenia Correa and Laura Vidal
Milford Bateman
Philip Mader
11. Collective resistances to microcredit in Morocco
Solène Morvant-Roux and Jean-Yves Moisseron
12. Microcredit as post-apartheid South Africa窶冱 own US-style sub-prime crisis
Milford Bateman
Part III: Policy implications
13. Delivering development finance in 窶�the time of cholera窶�: a 窶話ottom-up窶� agenda for pro-development financial resource mobilisation
Stephanie Blankenburg
14. Conclusion
Milford Bateman, Stephanie Blankenburg and Richard Kozul-Wright
