ANT100Y1 Lecture Notes - Lecture 10: Muhammad Yunus, Antonio Gramsci, Microfinance
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ANT100Y1 Full Course Notes
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Document Summary
Neoliberals models: imf and the world bank: focus on financing and advice rather then direct involvement, the intl monetary fund (imf) and the world bank. Intl dominated by the usa and the rich countries. Criticisms: austerity measures are cruel; the reforms can crush economic growth. Does it work: video; broken potcreatives. Additional working capital to enhance the working skills they have alrdy. Vital role in india to improve financial access in rural area. 1) high rate of interest: up to 28%, poor ppl have no choice village ppl charge 5 times as much efficiency of business low. Interest aggrevated bescause there ar many layers of borrowers; microfinancer gets from someone who gets form someone at each layer, interest is added. Gives ability to empower women; women get confidence and can get jobs. How ever some men just use women"s face and take the microfinancing and business.
