Bangladesh
`Development', capitalism, NGOs and people's movements in Bangladesh: an interview with Anu Muhammad
Grameen Bank and `microcredit': The `wonderful story' that never happened
Mohammad Yunus accepts the 2006 Nobel Peace Prize.
Far from being a panacea for fighting rural poverty, microcredit can impose additional burdens on the rural poor, without markedly improving their socio-economic condition, write Patrick Bond and Khorshed Alam.
October 21, 2010 -- Pambazuka News -- For years, the example of microcredit in Bangladesh has been touted as a model of how the rural poor can lift themselves out of poverty. This widely held perception was boosted in 2006 when Mohammad Yunus and Grameen Bank, the microfinance institution he set up, jointly received the Nobel Peace Prize. In South Asia in particular, and the world in general, microcredit has become a gospel of sorts, with Yunus as its prophet.
Consider this outlandish claim, made by Yunus as he got started in the late 1970s: "Poverty will be eradicated in a generation. Our children will have to go to a `poverty museum' to see what all the fuss was about."
Women dying from the Asian `miracle': System change a must to save women’s lives
By Reihana Mohideen
March 8, 2010 -- Despite the fanfare about Asia’s "miracle" economies, the problem of "missing women and girls" is actually growing, according to the United Nations Development Program-sponsored 2010 Asia-Pacific Human Development Report.
These "missing" girls and women are a result of the abortion of girl fetuses and women dying through sheer neglect – underfed and starved and not receiving adequate health care. The birth gender disparity is the highest in East Asia, home of the Asian "miracle" economies, where 119 boys are born for every 100 girls. China and India, much touted for their economic success, account for 85 million of these 100 million "missing" women.