Why Doesn?t Microfinance Work?: The Destructive Rise of Local Neoliberalism

Milford Bateman

ISBN 10: 1848133324 / ISBN 13: 9781848133327

Published by Zed Books Ltd, 2010

About this Item

2010. 1st Edition. Paperback. Shows why many of the most fundamental building blocks of microfinance are largely myths, before going on to demonstrate that microfinance actually undermines the institutional foundations required for sustainable development and poverty reduction. Num Pages: 256 pages. BIC Classification: GTF; KCA. Category: (U) Tertiary Education (US: College). Dimension: 216 x 140 x 16. Weight in Grams: 390. . . . . .

Seller Inventory # V9781848133327

Bibliographic Details

• Title: Why Doesn?t Microfinance Work?: The Destructive Rise of Local Neoliberalism
• Publisher: Zed Books Ltd
• Publication Date: 2010
• Language: English
• ISBN 10: 1848133324
• ISBN 13: 9781848133327
• Binding: Soft cover
• Edition: 1st Edition
• Condition: New

About this title

Synopsis

Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and 'troubleshooting' economists.

In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn't actually work. In fact, the case for it has been largely built on hype, on egregious half-truths and – latterly – on the Wall Street-style greed of those promoting and working in microfinance. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfi nance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn't Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.

About the Author

Milford Bateman is a freelance consultant specialising in local economic development policy, particularly in relation to the Western Balkans. He has worked as a consultant for most of the major international development agencies and for several of the major international NGOs. He is also currently a Visiting Professor of Economics at the University of Juraj Dobrila at Pula, Croatia.
Milford Bateman is a freelance consultant specialising in local economic development policy, particularly in relation to the Western Balkans. He has worked as a consultant for most of the major international development agencies and for several of the major international NGOs. He is also currently a Visiting Professor of Economics at the University of Juraj Dobrila at Pula, Croatia.