Few developmental fixes have captured the hearts, minds and pockets of the international development community, philanthropists and governments as much as microcredit.
But in recent years, the microcredit model has been subject to scrutiny and intense criticism.
This book shines a light on the fundamental problems surrounding micro credit, including the impacts of dramatically rising levels of micro debt. Seen from the perspective of financialization, corporate rentierism and development finance, the book offers policy directions to move beyond this “fake” solution for poor households.
Diana Barrowclough, Senior Economic Affairs Officer, Globalization and Development Strategies Division, UNCTAD
PANEL OF AUTHORS:
Richard Kozul-Wright, Director of the Globalization and Development Strategies Division, UNCTAD
Milford Bateman, Freelance consultant on local economic development, Visiting Professor of Economics, Juraj Dobrila University of Pula, Croatia and Adjunct Professor of Development Studies, St Marys University, Halifax, Canada
Stephanie Blankenburg, Head of the Debt and Development Finance Branch, UNCTAD
Daniel Munevar, Economic Affairs Officer, Debt and Development Finance Branch, UNCTAD