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Home > Business and Economics > Economics > Economic theory and philosophy > Confronting Microfinance: Undermining Sustainable Development
Confronting Microfinance: Undermining Sustainable Development

Confronting Microfinance: Undermining Sustainable Development


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About the Book

This title uses empirical evidence and contributor fieldwork to get at the heart of debates on microfinance claims. It incorporates global perspective but focuses on Southeast Europe, a key arena for microfinance and microcredit programs. Despite the popularity of microfinance, it's a field that remains remarkably under-theorized. Most evaluations carried out by international development agencies, academics, and 'independent' researchers focus on tweaking what they see as an already beneficial system. Rarely are the very foundations of microfinance brought into question. Instead, their studies presuppose impact without evidence, ignore potentially important issues, and utilize faulty evaluation methodologies. Bateman and contributors provide critical perspectives on microfinance that reach beyond the desire for technical perfection held dear by almost all microfinance institutions. It charts actual economic and social impacts registered in Southeast Europe to date, both in the context of post-communist transition and post-conflict reconstruction. It examines key cross-cutting issues, providing a more holistic and comprehensive approach to microfinance. One of the few books available that provides a robust critique of microfinance, ""Confronting Microfinance"" is sure to fire up the debate on this popular poverty-fighting measure.

About the Author :

Milford Bateman is a Croatia-based freelance consultant specialising in sustainable local economic development policy and community development strategies in the Western Balkans.



Review :
""Confronting Microfinance: Undermining Sustainable Development" considers microfinance issues and debates and uses Southeast Europe as a focal point for considering the theory, field and applications of microfinance as a whole. Scholarly and detailed analysis make this a recommendation for college-level collections strong in microfinance, business and European politics and economics. The surveys of influences on sustainable development are in-depth and well researched." "Bateman (economics, Juraj Dobrila U. of Pula, Croatia) presents a critical study of microfinance, its foundational flaws and corruption, and the devastating economic impact it has had on Southeastern Europe. Drawing from empirical studies on microfinance as well as the contributors' experiences, the book confronts the key issues of the microfinance debate and examines the economic and social effects of microfinance on Southeastern Europe. This material is intended for those studying and working in the fields of economics and business administration." "This excellent book is essential reading for anyone interested in the fate of some of Europe s poorest countries in South East Europe as they struggle to exit from the collateral damage inflicted upon them by the global economic crisis. Can microfinance be part of the post-crisis growth model? Milford Bateman and his collaborators effectively argue that it cannot. In this insightful and passionately written book, they expose the myth of microfinance as a panacea for poverty alleviation. Based on carefully documented studies of microfinance in several countries in the region, the book reveals the negative impact of microfinance on local economies and how far the commercialisation of an originally hopeful idea has been distorted to enrich the few and immerse many borrowers in endemic poverty and ever deeper indebtedness. It shows how microfinance was a part of the debt-fuelled growth bubble of the 2000s which has now collapsed and has left policy makers searching for a new sustainable path to economic growth which would be capable of underpinning the region s future accession to the European Union. Whatever the solution to the renewal of economic growth in the region may be, readers of this book will be convinced that microfinance is unlikely to be part of it."


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Product Details
  • ISBN-13: 9781565493414
  • Publisher: Kumarian Press
  • Publisher Imprint: Kumarian Press
  • Language: English
  • No of Pages: 274
  • ISBN-10: 1565493419
  • Publisher Date: 01 Sep 2011
  • Binding: Paperback
  • No of Pages: 274
  • Sub Title: Undermining Sustainable Development


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