The Political Economy of Microfinance: Financializing Poverty

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.

Author: Philip Mader
Publisher: Palgrave MacMillan
Published: 07/12/2015
Pages: 284
Binding Type: Hardcover
Weight: 1.08lbs
Size: 8.50h x 5.50w x 0.69d
ISBN: 9781137364203

About the Author
Philip Mader is a research fellow at the Institute for Development Studies, UK. He taught in Basel and studied in Sussex, Cambridge, Cologne, and Harvard. His doctoral thesis, which was written at the Max Planck Institute for the Study of Societies, won the German Thesis Award and the Max Planck Society's Otto Hahn Medal.