Microfinance and the global political economy

Danaan, V ORCID: https://orcid.org/0000-0002-9201-5802 2018, 'Microfinance and the global political economy' , International Journal of Arts and Social Science, 1 (1) .

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Microfinance has evolved as a financial and social innovation aimed at reducing global poverty through socio-economic empowerment of the poor. It has enjoyed a widespread patronage in the global economy in spite of the views held by its critics. Though many impact assessment studies have suggested that there are no convincing evidences to justify the massive interest and investments in microfinance, renowned institutions, politicians, philanthropist and governments have demonstrated commitment to advancing its cause. This paper examines how the global political economy has shaped the development of microfinance. Based on a descriptive analysis and review of related literature, its findings suggest that the major phases of transformation in microfinance have occurred in response to the interests of stakeholders in the global political economy.

Item Type: Article
Schools: Schools > School of Arts & Media
Journal or Publication Title: International Journal of Arts and Social Science
Publisher: IJASS
ISSN: 2581-7922
Related URLs:
Depositing User: Victoria Danaan
Date Deposited: 15 Apr 2019 13:37
Last Modified: 27 Aug 2021 21:23
URI: https://usir.salford.ac.uk/id/eprint/51045

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