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A Critical History of Poverty Finance

The definitive account of the history of poverty finance' - Susanne Soederberg Finance, mobile and digital technologies - or 'fintech' - are being heralded in the world of development by the likes of the IMF and World Bank as a silver bullet in the fight against poverty. But should we believe the...

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Main Author: Bernards, Nick
Format: Online
Language:English
Published: Pluto Press 2022
Subjects:
Microfinance, Critical Development Studies, Development Studies, G20, IMF, World Bank, Poverty Alleviation, Africa, Fintech, Digital Technologies, Financial Technologies, Microinsurance, Fight against poverty
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::J Society and Social Sciences::JB Society and culture: general::JBF Social and ethical issues::JBFC Poverty and precarity
thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTP Development studies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCS Economic systems and structures
Online Access:https://library.oapen.org/handle/20.500.12657/57960
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Summary:The definitive account of the history of poverty finance' - Susanne Soederberg Finance, mobile and digital technologies - or 'fintech' - are being heralded in the world of development by the likes of the IMF and World Bank as a silver bullet in the fight against poverty. But should we believe the hype? A Critical History of Poverty Finance demonstrates how newfangled 'digital financial inclusion' efforts suffer from the same essential flaws as earlier iterations of neoliberal 'financial inclusion'. Relying on artificially created markets that simply aren’t there among the world's most disadvantaged economic actors, they also reinforce existing patterns of inequality and uneven development, many of which date back to the colonial era. Bernards offers an astute analysis of the current fintech fad, contextualised through a detailed colonial history of development finance, that ultimately reveals the neoliberal vision of poverty alleviation for the pipe dream it is.

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