Despite criticism, Microfinance has proven to be an effective tool towards promoting development in ‘third world’ countries. Microfinance is the provision of a broad range of financial services such as, deposits, loans, payment services, money transfers and insurance, to poor and low-income households and their microenterprises. It also shares the concept that low-income individuals are capable of lifting themselves out of poverty by being granted the opportunity to sell their products, pay a fair interest rate and use the extra mone...
... middle of paper ...
... goals: a reader’s guide to the millennium project reports and other UN documents. Retrieved January 17, 2010, from http://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdf
Imboden, K. (2005, Spring). Building inclusive financial sectors: the road to growth and poverty reduction. Journal of International Affairs, 58(2), 65-86. Retrieved from Academic Search Premier, EBSCO.
Swain, R. B., & Wallentin, F. Y. (2009). Does microfinance empower women? Evidence from self‐help groups in India. International Review of Applied Economics, 23(5), 541–556.
Khan, R. E. A., & Noreen, S. (2012). Microfinance and women empowerment: A case study of District Bahawalpur (Pakistan). African Journal of Business Management, 6(12), 4514–4521.
Mosley, P., & Hulme, D. (1998). Microenterprise finance: Is there a conflict between growth and poverty alleviation? World Development, 26(5), 783–790.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Promoting the development of the ‘Third World’ is a constant goal of the United Nations and other enterprises aiming to promote equality amongst humankind. However to promote development, the issue of mass poverty must first be addressed. Poverty is a constant problem, which exists in various levels and forms within our society and the world. At the current poverty threshold of $1.25 a day, the Word Bank estimates that around 25%, of the population in developing nations, live below the poverty line (United Nations, 2009).... [tags: Microfinance, United Nations, Enterprises]
1818 words (5.2 pages)
- Internet for Everyone: Connecting the Developing World Intro Over the years, the Internet has expanded at an experiential rate in the first world. However, in developing countries nearly no one has the Internet for many reasons. One of these reasons are because there is a lack of money for equipment like telephone lines or exchanges. Another reason is because of monopolization of the market from these companies. However, technology is growing at such an exponential rate that alternative solutions are now available.... [tags: Third World, First World, Second World]
1014 words (2.9 pages)
- There are many differences surrounding the urbanization in the Third World versus urbanization in the First World. Although many of these developing countries are highly urbanized they all share a pattern of uneven development that is much more extreme than that found in the older, developed nations (Gottdiener & Hutchison, 2011, p. 283). According to Smith and Timberlake (1993), the main differences between developed and developing nations are factors such as: elite power, state policies, integration into the global economy, and the effects of class structure.... [tags: Third World, Country classifications, First World]
1074 words (3.1 pages)
- ... We can by all means change our lifestyle and conform to the depletion of environment yet still optimize progression. Certain group of people says that progression brought about the deterioration of the environment. Well, this statement is not accurate because in reality, we should be complimenting our environment and ecosystem. Likewise, our environment would do us good if mankind knows how to conserve it effectively. Our planet can satisfy our needs to many useful resources, thus, there is no need for mankind to burden our environment.... [tags: developing, economic, progression]
3076 words (8.8 pages)
- India is one of the few Third World countries that have managed to achieve substantial economic growth. A country that was once an example of underdevelopment is now seen as a potential future economic power. India has nowadays some of the biggest megalopolis is the world, has developed an enormous service sector and its cheap labor as well as their stable democratic record provide an incentive for foreign investment in the country. However, this economic growth is not correlated with the improvement in human conditions.... [tags: developing nations with high economic growth]
2656 words (7.6 pages)
- Fair trade is defined as “a movement whose goal is to help producers in developing countries to get a fair price for their products so as to reduce poverty, provide for the ethical treatment of workers and farmers, and promote environmentally sustainable practices” (Merriam-Webster Dictionary, 2014). Whether or not we can ensure the fair trade of coffee in exchange for a good living brings up a lot of discussion and controversy in the trade and food industry. Many studies have been done to determine how beneficial this fair trade agreement is to coffee farmers and workers in third world countries.... [tags: developing, poverty, consumerism]
798 words (2.3 pages)
- Third world countries and underdeveloped nations have become the new proverbial Petri dish of experimentation and offer particular conditions which researchers would never be able to find in their home countries. This only serves to highlight the problem that inherently faces all research studies, the ethical debate in regards to the protection and rights of their subjects. Is it feasible to expect the same standards to apply in certain countries where an economical imbalance between what is possible and what is not can be the largest hurdle to overcome.... [tags: ethical violations, developing countries]
954 words (2.7 pages)
- PARADIGM ALTERED: THIRD WORLD NO LONGER APPLIES Wow. Unbelievable. Were the exclamations that escaped my cousin’s lips. A year ago, my cousin went to Jamaica. Upon her arrival at our home she was appalled by the contrast between the first standard of living versus a third world view, and the reality that she observed while touring the island. The general outlook did not match her expectations - it superseded what had been anticipated. There was an image painted in her mind of poverty - a panorama of wooden houses, zinc shacks, garbage not taken cared of, rutted potholes in the roads, and low lifestyles.... [tags: Third World, First World, Country classifications]
1363 words (3.9 pages)
- Her infection began when she was bitten by a mosquito which was seeking her protein-rich blood to nourish its eggs. As part of the process of sucking the droplet of blood from the girl, the mosquito, simultaneously injected saliva to ease the flow of blood into its proboscis. Malaria-causing pathogens gathered in the mosquito’s salivary glands and traveled into the girl’s body. Once in the body, the wormlike parasites moved to the girl’s liver to embed themselves allowing them to feed and multiply.... [tags: global warming, epidemiology, third world]
3119 words (8.9 pages)
- Children in the Third World We live in an imperfect world where poverty is a reality. Forty thousand children die per year of starvation. Over 1 billion cities face unemployment and poverty day to day. Three-fourth's of the world's largest poverty population live in the Third World Countries, which includes underdeveloped countries, mainly Africa, Asia, and Latin America. Originally the term "Third World" meant all those not supporting communism and the Western countries. Now, it is a term used to describe the poor countries of the world.... [tags: World Poverty Essays]
1461 words (4.2 pages)