BRAC agrees, but they believe that until the government can do it, they will rescue as many of the dropouts as possible. They are not outsiders and they do not require lectures from armchair critics about what should be. Ilcan and Lacey take a whack at microfinance, seeing this in some ways as the ultimate outsourcing of poverty reduction to the poor themselves, and a method of drawing them more resolutely into market economies and a globalized economic system.
My own view on microfinance is a little different. It is true that if you borrow money, make an investment and repay the loan, you are engaging in some kind of market. But if you live on subsistence farming or subsistence begging, or subsistence prostitution , you are also operating in a market. Microfinance is simply a new realm. Poor people become involved in microfinance not because they are pushed, but because they are desperate. The promise of microfinance is like the promise in Three Cups of Tea : a quick fix to deep and grinding poverty.
The truth is different.
Governing the Poor : Exercises of Poverty Reduction, Practices of Global Aid
There is no quick fix. But huge volumes of microfinance simply carry people into what I call the kiosk economy—setting up a stall in the market, or husking rice, or raising a few chickens—things poor people have done from the beginning of time. This is not pushing them to market; it certainly is not pushing them very deeply into a globalized economy; and it is not likely to end poverty any time soon. The answer to poverty is new productive enterprise, if not more jobs in the formal sector. New, productive enterprise.
Aid and Global Poverty - Oxford Handbooks
Plus health and education and other forms of supportive infrastructure. Organizations that can introduce workable new ideas in agriculture, for example—building links between inputs and markets across systems where these do not exist—can make a real difference. It is the difference between the way my great-great-grandparents lived when they first arrived in Hastings County and scrabbled to grow enough to keep from starving and the way they lived 20 years later when they could send some produce to market and their children to school.
Governing the Poor has a point to make, but it could have been made in an academic journal article. Tools Request permission Export citation Add to favorites Track citation. Share Give access Share full text access. Share full text access. Please review our Terms and Conditions of Use and check box below to share full-text version of article. Get access to the full version of this article. View access options below. You previously purchased this article through ReadCube. Institutional Login. Log in to Wiley Online Library.
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Learn more Check out. Abstract This article revisits the basic concept of political settlement by using an incumbent—challenger ideal type, and defines the mechanisms through which a settlement is influenced by foreign aid: diffusion, legitimation and brokerage.
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Citing Literature. Volume 29 , Issue 2 March Pages Product details Format Hardback pages Dimensions x x Review quote "Governing the Poor is an outstanding and innovative piece of work on one of the fundamental challenges of our time. Its contribution to the field of poverty reduction and development programs is profound, while the authors' work on partnership and USAID "Arguing that there is an increasingly common global approach to aid and poverty reduction, Governing the Poor provides a persuasive hypothesis about globalization and global governance as they bear upon the poor in many parts of the world.
I have not seen this theoretical argument laid out as comprehensively and as competently it is here. This book will provoke discussion and debate among the large number of scholars and researchers outside the academy in NGOs and government bodies interested in the politics of aid. Learn about new offers and get more deals by joining our newsletter.