The Political Economy of Microfinance: Financializing Poverty

Philip Mader

The Political Economy of Microfinance: Financializing Poverty
Format
Hardback
Publisher
Palgrave Macmillan
Country
United Kingdom
Published
12 July 2015
Pages
284
ISBN
9781137364203

The Political Economy of Microfinance: Financializing Poverty

Philip Mader

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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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