Nobody downloaded yet

Law and Finance in Emerging Markets - Essay Example

Comments (0) Cite this document
Summary
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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Law and Finance in Emerging Markets
Read TextPreview

Extract of sample "Law and Finance in Emerging Markets"

Download file to see previous pages In this endeavour the back ground and characteristics of microfinance, the strengths and weaknesses of microfinance, impact of microfinance on poverty, and the various microfinance institutions and their governance have been discussed. Lastly, drawbacks in the working conditions of microfinance had been scrutinised. In addition, several innovations with regard to the alleviation of poverty, by promoting access to finance to the poor, developed by various countries, have been examined. Finally, conclusions were arrived at. The microfinance innovation has not been restricted to the developing countries. Europe has witnessed such innovations during the 19th century. For instance, the credit union notion was developed by Raiffeissen and his supporters. This initiative emerged from an earnest intention to break the stranglehold of the moneylenders over the rural populace and to better their lot. Such unions have burgeoned, since the 1870s, in the Rhine Province and other regions of the German States. This cooperative movement was adopted by the countries of Europe and North America, and finally spread to the developing nations. Poverty alleviation and enhancement of economic growth are objectives that can be realised by improving access to financial services. ...
These innovations include; contract designs, product innovations, and regulatory policy. Recent developments in behavioural economics and randomised evaluation techniques have provided greater insight into improving financial access to poor and low income households.2 It is crucial to provide access to financial services, as the number of adult individuals without such access is of the order of 2.7 billion. The betterment of access to financial services enables families to create assets, countenance risks and defray regular expenses in a planned manner. Microfinance that addresses the genuine needs of the poor has the capacity to enhance family income.3 In addition, it improves the health and education of the children in the family, which in turn leads to less absenteeism from school. Access to finance for small market vendors has been discussed in the sequel. The provision of saving facilities to small market vendors enables them to maintain higher inventories of stock and thereby generate higher income. It is to be realised that microenterprises constitute the largest employer in many countries with low income. However, these entities frequently do not have access to credit and savings facilities, which has a detrimental effect on their growth.4 As such, this lack of access to financial services prevents microenterprises from investing in fixed capital, improving their turn over and employing the required number of staff. In addition, firms require savings, insurance and payment services. These services enable them to address risks in a better fashion and provide them with the required confidence to participate in new investments.5 As such, lack of access to finance markets causes many unwarranted difficulties to small firms. In general, the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Law and Finance in Emerging Markets Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Retrieved from https://studentshare.org/law/1397189-law-and-finance-in-emerging-markets
(Law and Finance in Emerging Markets Essay Example | Topics and Well Written Essays - 4000 Words)
https://studentshare.org/law/1397189-law-and-finance-in-emerging-markets.
“Law and Finance in Emerging Markets Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/law/1397189-law-and-finance-in-emerging-markets.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Law and Finance in Emerging Markets

Emerging Markets Economies

...and their role in expansion of trade and economic growth. Lessons which can be learned by emerging economies from the US are presented and described at length within this paper. Moreover the paper discusses the implementation of various models for a sound financial system and description of its role in enhancing expansion of trade and economic growth of emerging markets. It is through a good or sound financial system that rapid economic growth can be realized by emerging market. As a result, emerging economies must put in place a sound public debt and finances system (Rousseau and Sylla, 2001, p. 2). The financial...
6 Pages(1500 words)Essay

Emerging markets

...regional rivals, Iran and Syria, thus making its yearly trade with the Arab world a big success. Factors that have contributed to Peru’s emergence market The role of non-tariff policies in trade For a long time now, trade linearization has been utilized as a development tool as evidenced benefits realized to Peru while engaging in world trade. Bilateral, multilateral, and regional trade negotiations plus non-reprisal concessions have resulted in a credible reduction in average tariff safety. With positive market access states, international trade has rocketed to previously unrealized levels, thus raising the standards of living and welfare of the country.# The role of government...
4 Pages(1000 words)Essay

Emerging markets

...?Introduction Economists have supported foreign direct investment (FDI) arguing that it is the best form of capital creation in the long run. The economists have supported their argument based on the fact that foreign direct investments are best because of development of technology brought in by foreigners. Additionally, management skills from foreign investors are implemented to the host country. Foreign direct investments (FDI) have been viewed as the best financing tool in the emerging markets. As stated above, emerging markets create new technologies which can increase productivity and create new jobs in the host country. Countries globally are...
11 Pages(2750 words)Essay

BRIC Emerging Markets

...Research Study on the Development Patterns of all the BRIC Emerging Markets Total Numberof Words: 813 Introduction BRIC is the acronym used when examining the economic activities of the Brazil, Russia, India, and China. Aside from having 40% of the world's population, the combination of these four countries accounts for more than one-fourth of the world's land area (Raiffeisen Centrobank, 2009). Upon examining the role of knowledge economy, foreign direct investment (FDI) and trade, political stability, and sustainability of each nation, a research study on the development patterns of all the BRIC emerging markets is been conducted as follows. Literature Review Role of...
13 Pages(3250 words)Essay

Emerging Markets Finance

...deposit insurance increase banking system stability', IMF Working Paper 00/3. Doma, I. and Martinez Peria, M.S. (2000) 'Banking crises and exchange rate regimes: is there a link', The World Bank Working Paper No. 2489. Eijffinger, S. and Stadhousers, P. (2003) 'Monetary policy and the rule of law', Center for Economic Policy Research, International Macroeconomics, No. 3698. English, W. (1996) 'Inflation and financial sector size', Finance and Economic Discussion Papers No. 96/16, Board of Governors of the Federal Reserve, Washington, DC. Frankel, J. and Rose, A. (1998) 'Currency crashes in emerging markets: an empirical treatment', Journal of...
13 Pages(3250 words)Essay

Business in Emerging Markets

...Business In Emerging Markets The emerging markets (EMs) are now the world’s booming markets. Emerging markets comprise of 75 percent of the world’s population and more than 20 percent of the world’s Gross Domestic Product (GDP). The emerging markets epitomizes a diverse set of economies and societies and are quite useful and important for testing the existing theories, models and concepts of international business and management. The emerging markets of Brazil, Russia, and South Africa (BRICS) stand out as significantly attractive economies since they are...
10 Pages(2500 words)Essay

Business in emerging markets

...Business in emerging markets TABLE OF CONTENTS Page No. Executive Summary…………………………………………………………… 2 Introduction …………………………………………………………………… 2 Discussion…………………………………………………………………….. 3 1. Porters 5 framework of analysis…………………………………………. 3 a. Supplier power………………………………………………………… 3 b. Barriers to entry………………………………………………………. 4 c. Rivalry ……………………………………………………………….. 4 Structure of competition……………………………………………… 5 Degree of country differentiation…………………………………….. 5 d. Threat of substitutes…………………………………………………… 8 2. PEST framework of analysis……………………………………………… 10 a. Political………………………………………………………………. 10 b. Economic factors……………………………………………………… 11 c. Environment…………………………………………………………… 11 d....
12 Pages(3000 words)Essay

Emerging Markets

...Emerging Markets in the United s Introduction With the vast variety of markets existing in the world, there is a lot of competition for those marketers who try promoting new products thereby giving the world the concept of an emerging market. Markets are determined by their extent and demand. The extent of a market may be defined by geographical boundaries or by the cost involved in transporting the goods to far reaching areas. The demand of a market, on the other hand, is determined by factors such as fashions and trends, affordability and the availability of substitute and complement...
8 Pages(2000 words)Essay

Emerging Markets

...Emerging Markets in Mexico Introduction With the vast variety of markets existing in the world, there is a lot of competition for those marketers whotry promoting new products thereby giving the world the concept of an emerging market. Markets are determined by their extent and demand. The extent of a market may be defined by geographical boundaries or by the cost involved in transporting the goods to far reaching areas. The demand of a market, on the other hand, is determined by factors such as fashions and trends, affordability and the availability of substitute and complement goods....
8 Pages(2000 words)Essay

EMERGING MARKETS

...EMERGING MARKETS Comparing India and China over the Last 20 Years In Terms Of Their Economic and Financial Reforms From research, both China and India`s governments decided to mobilize domestic savings and channel them into industrial development after taking power. Government possession and involvement was the means to that end (Allen 2005). The planners in China eradicated private possessions and institutions when they took over the financial system. Therefore, recreating financial markets and market-based institutions has been a work in progress. On the other hand, the leaders in India chose a mixed economy after independence from Britain. Markets...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Law and Finance in Emerging Markets for FREE!

Contact Us