New Orleans I argued yesterday that as important as “new” industries and mass employers are in finding real employment for millions, that the days when headlines of General Motors hiring 4000 workers are going to be few and far between. What we need is localized informal workshops, training, production, marketing, and sales that can provide …
Tag: informal economy
Crisis of Accountability for Microfinance in India
New Orleans Microfinance has many positives, but should never be confused or misnamed as a “poverty reduction” strategy. There is simply no way to reduce poverty through debt. Microfinance or microcredit or micro-lending or whatever the name has a value for the poor as a way to access minimal credit to create or improve livelihoods, …