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dc.contributor.authorMader, Philip
dc.date.accessioned2015-10-30T10:51:42Z
dc.date.available2015-10-30T10:51:42Z
dc.date.issued2015
dc.identifier.citationMader, P. (2015) ‘The financialisation of poverty’, in Mader, P. The political economy of microfinance: financializing poverty, Basingstoke: Palgrave Macmillan, pp. 78-120en
dc.identifier.isbn9781137364203
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/7118
dc.descriptionThis is chapter 3 of The Political Economy of Microfinance: Financializing Poverty by the same author.en
dc.description.abstractThis book helps to understand the enigmatic microfinance sector by tracing its evolution and asking how it works as a financial system. Our present capitalism is a financialized capitalism, and microfinance is its response to poverty. Microfinance has broadranging effects, reaching hundreds of millions of people and generating substantial revenues. Although systemic flaws have become obvious, most strikingly with the 2010 Indian crisis that was marked by overindebtedness, suicides and violence, the industry's expansion continues unabated. As Philip Mader argues, microfinance heralds less the end of poverty than new, more financialized forms of poverty. While microfinance promises to empower, it generates discipline and extracts substantial resources from the poor, producing new crises and new forms of dispossession.en
dc.language.isoenen
dc.publisherPalgrave Macmillanen
dc.relation.ispartofseriesStudies in the political economy of public policy;
dc.rightsThis extract is taken from the author's original manuscript and has not been edited. The definitive, published, version of record is available here: http://www.palgrave.com/page/detail/the-political-economy-of-microfinance- /?K=9781137364203 and http://www.palgraveconnect.com/pc/doifinder/10.1057/9781137364210.en
dc.rights.urihttp://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdfen
dc.subjectEconomic Developmenten
dc.subjectFinanceen
dc.subjectPovertyen
dc.titleThe financialisation of povertyen
dc.title.alternativeThe financialization of povertyen
dc.typeBook chapteren
dc.rights.holderPalgrave Macmillanen
dc.identifier.externalurihttp://www.palgrave.com/page/detail/the-political-economy-of-microfinance- /?K=9781137364203en
dc.identifier.koha238206


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