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.
Nobody downloaded yet

Microcredit in Third World Economies: Rural Poverty in The Less Developed Economies - Essay Example

Comments (0) Cite this document
Summary
An essay "Microcredit in Third World Economies: Rural Poverty in The Less Developed Economies" claims that coupled with the inefficient delivery of aid to the poor nations, has only increased corruption, high and persistent inflation and unemployment debts…
Download full paper
GRAB THE BEST PAPER
Microcredit in Third World Economies: Rural Poverty in The Less Developed Economies
Read TextPreview

Extract of sample
Microcredit in Third World Economies: Rural Poverty in The Less Developed Economies

Download file to see previous pages... This paper is divided into two parts. Part one looks at the latest strategy, microcredit floated as a possible solution to ending rural poverty in Third World countries. Microcredit embodies the specific recognition that the lack of access to credit can be a limiting factor for significant numbers of the economically active poor. The second part seeks out a way through which the West can deliver aid effectively, efficiently and accountable to help combat rural poverty. Since the end of World War II, few countries have moved from underdeveloped to developed status with the exception of the Asian tiger economies. Though the reasons for this remain numerous and complex, Woller and Wordsworth (268) attribute a large portion of the blame to widespread macro development policy failure. In the past, it was believed that the best way to tackle poverty is through top-down, state-led development policies modeled on the experience of the Western industrial nations. These policies favored large-scale industrialization and concentration of economic power on elite groups. To make matters worse the international aid community reinforced the ills of these policies by pouring billions of dollars into numerous, and often dubious, large-scale state development projects (Woller and Wordsworth 268). Worse still, from the late 1960s, a rural alternative to the state-led modernization drive called the Green Revolution was initiated. The Green Revolution essentially forced Western agricultural practices on indigenous Third World peasant farmers, with many small family plots being expropriated by central governments and leased out to huge multinationals in the Europe and America. The end result of all these policies was uneven industrialization, high and persistent inflation and unemployment, endemic corruption, political repression and burdensome external and public sector debts (Woller and Wordsworth 269). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Microcredit in Third World Economies: Rural Poverty in The Less Essay - 1”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1576150-questions-based-essay-on-poverty-related-issues
(Microcredit in Third World Economies: Rural Poverty in The Less Essay - 1)
https://studentshare.org/macro-microeconomics/1576150-questions-based-essay-on-poverty-related-issues.
“Microcredit in Third World Economies: Rural Poverty in The Less Essay - 1”, n.d. https://studentshare.org/macro-microeconomics/1576150-questions-based-essay-on-poverty-related-issues.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Impact of global recession on microfinance in Asia.(approximate topic)
Microfinance has gained popularity in recent years as an effective measure to eradicate poverty in third world countries. Although, it is not the only tool for the alleviation of poverty, it follows the concept of self help, that instead of giving the poor man a fish a day, teach him how to fish and he will never go hungry.
12 Pages(3000 words)Assignment
Rural Poverty and Microcredit in Third World Economies
Eradicating rural poverty in Third World countries has been like an old tune to economists and policymakers for over 50 years now. Several strategies have been suggested, tried and implemented without much success over the years. The traditional obsession with macro policies implemented at the state level has at most been disastrous. 
5 Pages(1250 words)Essay
Free Trade Among Developed Economies
Free trade relies on a lack of tariff or import taxes to enhance the distribution of raw goods and manufactured end products as well as increased labor potential. A typical free trade agreement, if it is truly, a free trade agreement and not just another form of imposition from the various nations involved; may in fact be among the strongest methods of substantially increasing the long term economies of the nations involved.
3 Pages(750 words)Research Paper
Token Economies
The aim of intervention has a positive side that enables a person to directly confront their changed opinions in a less threatening way and how they actually react to these self-destructive behaviours, affecting them and the people around (Edwards et al., 1995).
5 Pages(1250 words)Essay
The Economies
Inquiries with regards to the advantage of enduring a monarchy have also overwhelmed Sweden. The royal family unit is still sturdily sustained, and has worked intimately with the Social Democrats to transform the state of Sweden's economic aspects. Hesitancy over the nation's function within the political as well as economic incorporation of Europe instigated Sweden not to adhere to the EU until 1995, as well to decline the opening of the euro during 1999.
5 Pages(1250 words)Essay
Business Economies
In this regard, it is very eager to make an analysis about the company and its competitive context by taking in to account the product range, competitive strategy and market structure. Similarly, competitive strategy in a business
9 Pages(2250 words)Essay
World economies (PHD level)
The banks and other institutions were offering the lowest rate possible for the over-valued land prices which made borrowing easy and cheap. The discount rate or the lending rate for banks was lowered by
15 Pages(3750 words)Essay
World of Global and Knowledge Economies
According to the report the emergence of knowledge based economies however, was the result of a continuous evolution of different perspectives such as classical and organic contributed towards the development of a society which gradually transformed itself. There are two schools of thoughts which emerged in the early days of the emergence.
4 Pages(1000 words)Literature review
World Economies
One strongly agrees with the contention given that world economies have evidently shown strong interconnectedness. The optimistic patterns have been revealed to be driven by America’s economy (Why optimism may be bad news). With the perception
1 Pages(250 words)Article
Preferential Trade Agreement and Third World Economies
The World Trade Organisation has always remained an important body bringing about trade liberalization and the freedom of movement of goods and services across international borders. As a way of creating level playing field, the WTO has used various principles of fair trade that ensured that member countries deal with each other fairly.
5 Pages(1250 words)Research Proposal
Let us find you another Essay on topic Microcredit in Third World Economies: Rural Poverty in The Less Developed Economies for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us