PHIL2116 Lecture Notes - Lecture 9: Microcredit Summit Campaign, Microfinance, Railway Correspondence And Travel Society
Document Summary
Reiss discusses a conflict between the new practical investigators who rely chiefly on natural experiments or facts on the ground, and theorists who rely more on general theo(cid:396)(cid:455)/(cid:373)odels . Note that in development economics, there is a different conflict between macro-policy and (cid:373)i(cid:272)(cid:396)o i(cid:374)te(cid:396)(cid:448)e(cid:374)tio(cid:374)s. the pe(cid:374)dulu(cid:373) (cid:373)a(cid:455) ha(cid:448)e settled except that the new evidence revolution favours the latter: microfinance case study. Muha(cid:373)(cid:373)ad you(cid:374)is i(cid:374) (cid:1006)(cid:1004)(cid:1004)(cid:1010): (cid:858)(cid:1009)8% of the poo(cid:396) (cid:449)ho (cid:271)o(cid:396)(cid:396)o(cid:449)ed from grameen are now out of poverty. There are over 100 million people now involved in microcredit schemes. At the (cid:396)ate (cid:449)e(cid:859)(cid:396)e headi(cid:374)g, (cid:449)e(cid:859)ll hal(cid:448)e total po(cid:448)e(cid:396)t(cid:455) (cid:271)(cid:455) (cid:1006)(cid:1004)(cid:1005)(cid:1009). We(cid:859)ll (cid:272)(cid:396)eate a po(cid:448)e(cid:396)t(cid:455) museu(cid:373) (cid:271)(cid:455) (cid:1006)(cid:1004)(cid:1007)(cid:1004). (cid:859) Many studies on the impact of microfinance schemes on poverty since the 80s, but of dubious quality: What is (cid:449)(cid:396)o(cid:374)g he(cid:396)e? (cid:858)post ho(cid:272) e(cid:396)go p(cid:396)opte(cid:396) ho(cid:272)(cid:859) falla(cid:272)(cid:455) (cid:894)(cid:858)afte(cid:396) this, the(cid:396)efo(cid:396)e (cid:271)e(cid:272)ause of this(cid:859) falla(cid:272)(cid:455)(cid:895)
