[Read now] The Political Economy of Microfinance: Financializing Poverty (Studies in the Political Economy of Public Policy)






 | #2792677 in eBooks |  2016-01-12 |  2016-01-12 | File Name: B013C5FK68


|| ||'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 liberatio

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.


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