POLB90H3 Lecture Notes - Lecture 10: Financial Independence, Civil Society, Muhammad Yunus
11 Dec 2015
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Document Summary
Criticisms of social funds: do not help the extremely poor, benefits may be captured by local elites, substitute for government services, used for political purpose, do not challenge exclusionary political arrangement. Criticism of the bank"s notion of social capital: social inequalities are largely ignored, responsibility for development rest with the poor, ignores power and politics. Conditional cash transfer programs (ccts): cash to (female) heads of household in exchange for certain conditions, participatory? (it was problematic, didn"t want local communities to mess with the program, problems: Market will reduce moderate poverty (target the extremely poor) (expanded the program to the moderate poor as well) Sole use of income to decide inclusion. The struggle over meaning: grameen bank philosophy: Ccts quality of schools (grants for woman to provide for their kids to stay in school) Financial independence of grameen not a goal (have to depend on.
