The global political economy of microcredit and poverty reduction

Abstract

Since the early 1990s microcredit has been gaining currency as a popular and elective solution to poverty reduction and developmmL In this context, the Grameen Bank in Bangladesh, a pioneer of the microcredit approach, came to be regarded as a model for rephcation by global development policy makers. Microcredit has also generated much interest among academics, receiving attention particularly in the disciplines of development studies and anthropology. However, there has not been a comprehensive study of microcredit and poverty reduction from an International Relations (IR) perspective. In focussing on the politics of microcredit 6om the global to Ihe local, my thesis thus contributes a unique perspective to the literature on microcredit. It helps fill a significant gap that exists in studies of microcredit. It is the first study to systemically and critically evaluate the global political economy of microcredit and poverty reduction.

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