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A deeply reported work of journalism that explores the promises and perils of microfinance, told through the eyes of international lenders and women borrowers in West Africa
In the mid-1970s, Muhammad Yunus, an American trained Bangladeshi economist, met a poor female stool maker who needed money to expand her business. In an act widely known as the beginning of microfinance, Yunus lent $27 to forty-two women, hoping small credit would help the women pull themselves out of poverty. Soon, Yunus's Grameen Bank was born, and the idea of giving very small, high-interest loans to poor people took off. In 2006, Yunus and the Grameen Bank won the Nobel Peace Prize for efforts to create economic and social development from below. But there's a problem with this story. There are mounting concerns that these small loans are as likely to bury poor people in debt as they are to pull them from poverty, with borrowers from India to Kenya facing consequences such as jail time and forced land sales. Reportedly hundreds have even committed suicide. What happened? Did microfinance take a wrong turn, or was it flawed from the beginning? Mara Kardas-Nelson's We Are Not Able to Live in the Sky is about unintended consequences, blind optimism, and the decades-long ramifications of seemingly small policy choices. The book is rooted in the stories of women borrowers in Sierra Leone, West Africa. Their narratives, woven through a deep history of modern international development, are set against the rise of Yunus's vision that tiny loans would put poverty in museums. Kardas-Nelson asks: What is missed with a single, financially focused solution to global inequity that ignores the real drivers of poverty? Who stands to benefit and, more important, who gets left behind?
From the poisoned rivers, barren wells, and clear-cut forests, to the hundreds of thousands of farmers who have committed suicide to escape punishing debt, to the hundreds of millions of people who live on less than two dollars a day, there are ghosts nearly everywhere you look in India. India is a nation of 1.2 billion, but the country's 100 richest people own assets equivalent to one-fourth of India's gross domestic product.
Capitalism: A Ghost Story examines the dark side of democracy in contemporary India, and shows how the demands of globalized capitalism has subjugated billions of people to the highest and most intense forms of racism and exploitation.
This book presents essential insights on the interaction between rising risks and raising the bar for resilience during the climate crisis. Its timeliness lies in applying important findings on risk and resilience to runaway climate change. When risk and resilience are brought together in the context of climate catastrophes, three key messages emerge.
The first is that accounting for the root causes, and not just their symptoms, is essential to slowing these events. It is therefore vital to link carbon emissions from human activity to the sharp rise in climate disasters globally. The second is that growth economics and policy must factor in the failure of governments and businesses to tackle spillover harm from economic activities, as seen strikingly with global warming AND BIODIVERSITY LOSS. With climate risks rising, this calls for a fundamental revision of the framing of growth in the teaching and practice of business and economics. And third, prevention must become a far bigger part of resilience building, with preparedness to avert or handle tougher eventualities built into interventions. Emphasis on prevention deems disaster recovery as not just returning to how things were but building back better.
Your child can achieve great things.
A few years ago, pregnant women in four corners of the world heard those words and hoped they could be true. Among them were Esther Okwir in rural Uganda, where the infant mortality rate is among the highest in the world; Jessica Saldana, a high school student in a violence-scarred Chicago neighborhood; Shyamkali, the mother of four girls in a low-caste village in India; and Maria Estella, in Guatemala's western highlands, where most people are riddled with parasites and moms can rarely afford the fresh vegetables they farm.
Greatness? It was an audacious thought, given their circumstances. But they had new cause to be hopeful: they were participating in an unprecedented international initiative designed to transform their lives, the lives of their children, and ultimately the world. The 1,000 Days movement, a response to recent, devastating food crises and new research on the economic and social costs of childhood hunger and stunting, is focused on providing proper nutrition during the first 1,000 days of children's lives, beginning with their mother's pregnancy. Proper nutrition during these days can profoundly influence an individual's ability to grow, learn, and work-and determine a society's long-term health and prosperity.
In this inspiring, sometimes heartbreaking book, Roger Thurow takes us into the lives of families on the forefront of the movement to illuminate the science, economics, and politics of malnutrition, charting the exciting progress of this global effort and the formidable challenges it still faces: economic injustice, disease, lack of education and sanitation, misogyny, and corruption.
Hiring domestic workers is a routine part of the expat development lifestyle. Whether working for the United Nations, governmental aid agencies, or NGOs such as Oxfam, Save the Children, or World Vision, expatriate aid workers in the developing world employ maids, nannies, security guards, gardeners and chauffeurs. Though nearly every expat aid worker in the developing world has local people working within the intimate sphere of their homes, these relationships are seldom, if ever, discussed in analyses of the development paradigm and its praxis. Aid and the Help addresses this major lacuna through an ethnographic analysis of the intersection of development work and domestic work. Examining the reproductive labor cheaply purchased by aid workers posted overseas opens the opportunity to assess the multiple ways that the ostensibly giving industry of development can be an extractive industry as well.
A behind-the-scenes look at how the rich and powerful use offshore shell corporations to conceal their wealth and make themselves richer
In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe. Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones. Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.
This is a book about community development and how to do it better! It is a book for anyone interested in doing good community development work.
This interactive textbook addresses gaps in best practices and aims to educate students, researchers, organizational leaders, and others on the importance of doing purposeful community development work. The authors, three nonprofit and academic leaders from Uganda and the United States, address misguided and invasive approaches to community development, combining decades of experience to share a collective narrative on how we can all be more strategic and intentional in our work, by listening and thinking with communities before acting.
Listen. Think. Act provides a backbone for this interactive field guide, bringing community development to life and offering tools and perspectives on how to better approach work in underserved communities, regardless of geographic location. The book explores numerous first person examples of community development work in action, relevant facts about the rapidly changing nature of this field, and explores personal case studies from each of the authors. Additionally, the book offers readers a Community Changemaker Challenge to design real-world solutions, alongside discussion questions and additional readings at the end of each chapter!