Waylaid Dialectic

June 17, 2011

And in breaking news…

Filed under: Aid — terence @ 3:11 pm

…micro-finance has proven to be neither a panacea nor The Ultimate Evil. If done well it works for some people, some of the time.

I’ve a suggestion. Rather than abandoning micro-finance in search of a replacement cure all, why don’t we learn the real lesson: development successes are always qualified, and almost always context specific, and have stuff-all to do with the OMG-Wow-Factor of the latest and greatest next big thing being touted by Nicholas Kristoff or someone similar in the media.


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