NEW

A War on Global Poverty: Lost Promise of Redistribution and the Rise of Microcredit, 1st Edition

  • Published By:
  • ISBN-10: 0691219974
  • ISBN-13: 9780691219974
  • DDC: 339.46
  • 304 Pages | eBook
  • Original Copyright 2021 | Published/Released February 2021
  • This publication's content originally published in print form: 2021

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About

Overview

This book offers a history of U.S. involvement in late twentieth-century campaigns against global poverty and how they came to focus on women, and provides a fresh account of U.S. involvement in campaigns to end global poverty in the 1970s and 1980s. From the decline of modernization programs to the rise of microcredit, it looks beyond familiar histories of development and explains why antipoverty programs increasingly focused on women as the deserving poor. When the United States joined the war on global poverty, economists, policymakers, and activists asked how to change a world in which millions lived in need. Moved to the left by socialists, social democrats, and religious humanists, they rejected the notion that economic growth would trickle down to the poor, and they proposed programs to redress inequities between and within nations. In an emerging women in development movement, they positioned women as economic actors who could help lift families and nations out of destitution. In the more conservative 1980s, the war on global poverty turned decisively toward market-based projects in the private sector. Development experts and antipoverty advocates recast women as entrepreneurs and imagined microcredit—with its tiny loans—as a grassroots solution. The author shows that at the very moment when the overextension of credit left poorer nations bankrupt, loans to impoverished women came to replace more ambitious proposals that aimed at redistribution. Based on a wealth of sources, the volume looks at a critical transformation in antipoverty efforts in the late twentieth century and points to its legacies today.