Series editor(s): Professor Robert Thornton, Professor J. Richard Aronson
Subject Area: Economics
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|Title:||The great divide in microfinance: Political economy in microcosm|
|Author(s):||Bruce E. Moon|
|Volume:||92 Editor(s): Todd A. Watkins, Karen Hicks ISBN: 978-1-84950-681-6 eISBN: 978-1-84950-682-3|
|Citation:||Bruce E. Moon (2009), The great divide in microfinance: Political economy in microcosm, in Todd A. Watkins, Karen Hicks (ed.) Moving Beyond Storytelling: Emerging Research in Microfinance (Contemporary Studies in Economic and Financial Analysis, Volume 92), Emerald Group Publishing Limited, pp.109-144|
|DOI:||10.1108/S1569-3759(2009)0000092007 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Article type:||Chapter Item|
On the other hand, many practitioners who aim primarily at reducing poverty doubt that unsubsidized services delivered through the market can be cheap enough to benefit the very poorest, who they often conceive as the target of microfinance. These practitioners interpret the unavailability of financial services for the poor as an instance of “market failure” that reflects fundamental limitations of what markets and firms can contribute to poverty alleviation.
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