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Microfinance Misses Its Mark
Abstract
Despite the hoopla over microfinance, it doesn't cure poverty. But stable jobs do. If societies are serious about helping the poorest of the poor, they should stop investing in microfinance and start supporting large, labor-intensive industries.
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“as recent debates have discussed the poor as consumers (Prahalad, 2004), producers (Karnani, 2007), consumers and entrepreneurs (Viswanathan et al., (2008), aid recipients (Sachs, 2005) or partners (Bornstein, 2003) but less work has discussed them as employees.”
From Building Entrepreneurship in Subsistence Markets: Microfranchising as an Employment Incubator (2010) · cites this paper as Karnani, 2007
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Citations
Cited by
Capital is not enough: Innovation in developing economies
Bradley, S. W., McMullen, J. S., Artz, K., & Simiyu, E. M. (2012) · Journal of Management Studies · doi:10.1111/j.1467-6486.2012.01043.x · Cited by 375
Building Entrepreneurship in Subsistence Markets: Microfranchising as an Employment Incubator
Christensen, L. J., Parsons, H., & Fairbourne, J. (2010) · Journal of Business Research · doi:10.1016/j.jbusres.2009.03.020 · Cited by 118
Metadata
- Authors
- Karnani, A.
- Venue
- Stanford Social Innovation Review
- Publisher
- Stanford Social Innovation Review
- Published
- 2007
- References
- 0
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
