The Microfinance Illusion

By Milford Bateman and Ha-Joon Chang:

“The logic is well known. Universal social welfare systems are being dismantled under IFI guidance, secure public employment opportunities are rapidly disappearing, and formal sector employment are an increasing rarity too. Nevertheless, the hope is that the microenterprise sector can engage the most articulate and vocal of the poor, who might otherwise be thinking about resisting, or proposing realistic alternatives to, neoliberalism and the globalisation project.”

Read full article for free at Cambridge University (Faculty of Economics).

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