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Microfinance, Debt and Over-Indebtedness
  • Language: en
  • Pages: 337

Microfinance, Debt and Over-Indebtedness

  • Type: Book
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  • Published: 2013-10-15
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  • Publisher: Routledge

Although microcredit programmes have long been considered efficient development tools, many forms of debt-induced distress have emerged in their wake. This has brought to light the problem of over-indebtedness, a topic which has been previously underexplored in the literature. This new book, from a group of leading scholars, explores the manifestations, scale, and economic and social implications of household over-indebtedness in areas conventionally considered as financially excluded. The book approaches debt not only as a financial transaction, but also as a form of social bond, and offers a socioeconomic analysis of over-indebtedness. The volume puts forward a broad definition of over-ind...

The Crises of Microcredit
  • Language: en
  • Pages: 145

The Crises of Microcredit

Microcredit programmes, long considered efficient development tools, now face unprecedented crises in a number of countries. Is this the end of microcredit or rather an essential step in its expansion? Should we stop microcredit altogether or rethink the way it is implemented? Drawing on extensive empirical research conducted in various parts of the world - from Morocco to Senegal to India - this important volume examines the whole chain of microcredit to provide the answers to these questions. In doing so, the authors highlight the diversity of crises, both in intensity and in nature, while also shedding light on a diversity of causes, be it microcredit organizations unprepared for massive growth, saturated local economies or greedy investors and shareholders attracted by profits. Crucially, the authors demonstrate that microcredit is not a monolithic project, and the crises should also be analysed in the light of national histories and policies. An original and necessary intervention in what has become one of the most contentious topics within the development world.

The Indebted Woman
  • Language: en
  • Pages: 328

The Indebted Woman

Women, and particularly poor women, have become essential cogs in the wheel of financialized capitalism. Globally, women are responsible for managing household debt, and that debt has exploded over the last decade, reaching an all-time high after the COVID-19 pandemic. Across various categories of loans, including subprime lending, microcredit policies, and consumer loans, as well as rent and utilities, women are overrepresented as clients and managers, and are being enfolded into the system. The Indebted Woman discusses the crucial yet invisible roles poor women play in making and consolidating debt and credit markets. Isabelle Guérin, Santosh Kumar, and G. Venkatasubramanian spent over tw...

Sewer of Progress
  • Language: en
  • Pages: 357

Sewer of Progress

  • Type: Book
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  • Published: 2023-07-25
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  • Publisher: MIT Press

A creative and comprehensive exploration of the institutional forces undermining the management of environments critical to public health. For almost two decades, the citizens of Western Mexico have called for a cleanup of the Santiago River, a water source so polluted it emanates an overwhelming acidic stench. Toxic clouds of foam lift off the river in a strong wind. In Sewer of Progress, Cindy McCulligh examines why industrial dumping continues in the Santiago despite the corporate embrace of social responsibility and regulatory frameworks intended to mitigate environmental damage. The fault, she finds, lies in a disingenuous discourse of progress and development that privileges capitalist...

The Handbook Of Microfinance
  • Language: en
  • Pages: 700

The Handbook Of Microfinance

The Handbook of Microfinance showcases an expansive collection of works from leading academics and field practitioners. In an attempt to understand the enormous gap between the limited number of clients that are currently benefiting from microfinance services, and the huge number of potential clients that are not, the selected contributions in this comprehensive handbook have one common thread: the prevailing mismatch between demand by clients of microfinance institutions and potential clients selecting themselves out for their demand for a wider array of financial products which is not being met.The scope of the book is wide, and explores successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. This exhaustive Handbook also features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.

Convivial Futures
  • Language: en
  • Pages: 170

Convivial Futures

What steps are needed to make life better and more convivial? The Second Convivialist Manifesto (2020) has presented a short diagnosis of the current crises and sketches of a possible and desirable future. It has been a necessary work of theoretical synthesis, but preserving a viable world also requires passion. It is thus urgent to show what people would gain from a shift to a post-neoliberal and post-growth convivialist future. This volume includes a theoretical debate on convivialism which reflects dystopias and shows the multiple and major obstacles that convivialism will have to face. Mainly, however, the contributors to this volume create sketches of a convivial future and collect accounts of another future world which is attractive for as many as possible.

A History of Development Economics Thought
  • Language: en
  • Pages: 167

A History of Development Economics Thought

  • Type: Book
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  • Published: 2014-03-14
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  • Publisher: Routledge

This book explores the history of economic development thought, with an emphasis on alternative approaches in macro development economics. Given that the pioneers of development economics in the 1940s and 1950s drew inspiration from classical political economists, this book opens with a review of key classical scholars who wrote about the progress of the wealth of nations. In reviewing the thinking of the pioneers and those that followed, both their theories of development and underdevelopment are discussed. Overall, the book charts the evolution of development economic thought from the early developmentalists and structuralists, through to the neo-Marxist approach and radical development theory, the neo-liberal counter revolution, and the debate between new developmentalists and neo-liberal scholars. It ends with an assessment of the state of the field today. This book will be of interest to all scholars and students interested in the evolution of development economics.

Handbook of Social Policy and Development
  • Language: en
  • Pages: 501

Handbook of Social Policy and Development

The Handbook of Social Policy and Development makes a groundbreaking, coherent case for enhancing collaboration between social policy and development. With wide ranging chapters, it discusses a myriad of ways in which this can be done, exploring both academic and practical activities. As the conventional distinction between ‘developed’ and ‘developing’ countries becomes increasingly blurred, this Handbook explores how collaboration between social policy and development is needed to meet global social needs.

Can Microfinance Work?
  • Language: en
  • Pages: 253

Can Microfinance Work?

Can Microfinance Work? presents a thorough-going and nuanced ethical assessment of the microfinance industry, drawing on the author's expertise in the fields of finance and applied ethics. That comprehensive analysis is then used to ground concrete policy proposals, some quite radical, to improve both microfinance's ethical balance and its overall effectiveness.

Developmental Macroeconomics
  • Language: en
  • Pages: 208

Developmental Macroeconomics

  • Type: Book
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  • Published: 2014-09-04
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  • Publisher: Routledge

Developmental Macroeconomics: Access to Demand, the Exchange Rate and Growth offers a new approach to development economics and macroeconomics. It is a Keynesian-structuralist approach to economics applied to middle income countries that emphasizes the strategic role of demand in creating investment opportunities that are essential to economic development. It also explores crucial links between short-term full employment and financial stability with medium term growth. While this book emphasizes the central role played by the exchange rate it does not ignore other macroeconomic prices (the interest rate, the inflation rate and the profit rate). It develops a group of concepts and models and ...