Capability Restitution Mechanism: a More Powerful Approach in Alleviating Poverty - Essay Example

TABLE OF CONTENTS Microfinance 2 Introduction 2 Characteristics of the Micro Finance 6 Drawbacks of Microfinance Institutions 8 Background Study of Microfinance Institutions 10 Evidence on Finance and Growth 12 Innovations in Microfinance 19 Conclusions 22 Bibliography 24 Books 24 Articles 24 Websites 24 27 Microfinance Introduction Despite promoting access to finance to the poor, microfinance is not fully effective in alleviating poverty.... Nevertheless, the extent of its influence in mitigating poverty is difficult to assess....

It is concluded that the provision of CYFI can only be achieved through a multi-agency approach which includes policymakers' legislators, bankers, educators, and other finial services.... This paper ''Child and Youth Finance International Company'' tells us that with the increasing growth of the younger population particularly in developing countries with a limited number of opportunities for economic development, states have intensified efforts to help young people improve their potential for economic development....

Legal institutions matter for financial development with further implications for economic growth Introduction A significant amount of literature suggests that that financial development has a long-term beneficial effect on the economic growth of a country (Huang, 2006, 2).... ... ... ... Financial development of a nation is measured by taking into account certain factors like efficiency, size, access, depth, effectiveness, and security of the financial system, which comprises of institutions, markets, intermediates, resources and assets, and the various associated regulations....

Whereas formal remittances to increasing countries have totaled more than $167 billion in the year 2005, the point of informal remittances is practically unknown for the reason that they are inclined to flow through private channels.... The paper 'Migration, Remittance and Livelihood' aims to explain various methods of remittance with a specific focus on the utilization of informal channels....

"poverty As Capability Deprivation" paper states that through the capability deprivation the government realizes that poor security is a key depriver of life capability.... The capability deprivation approach becomes more relevant in combating poverty than the low-income theory.... By viewing poverty as a form of deprivation, the government easily identifies the key areas of development and communally institutes them to uplift the living standards of the people, thereby possibly eliminating poverty in its totality....

The paper "Role of Citizen Journalism in Combating Corruption in China" concerns the extent to which citizen journalism has influenced the reporting of corruption activities in China.... Adoption of internet technology has resulted in beneficial consequences involving timely interaction of the public....

"NGOs and poverty Alleviation" paper agrees that the non-governmental organizations played a significant role in poverty alleviation in the past decades through empowering the poor.... The paper reviews the concept of poverty and reduction techniques; it analyzes types of NGOs and their role.... The concept of poverty reduction and empowering is a complex issue considering the struggle in doing so globally has always been the debate of effort for many years....