Milford Bateman

a critique on the role that microfinance plays in the neoliberal economic period we live in now. Well argumented critique on this favorite development tool of the liberal world order.

Bateman persuasively argues that the Grameen Bank model of microfinance and its "new-wave" profit-oriented successors are poverty traps that only survive as a development tool because wealthy players in the development sector sympathize with microfinance's neoliberal ideology. As an alternative, the book details several development models that have been proven to work over the last 60 years.