Naslov
Undermining Sustainable Local Economic and Social Development With Microfinance: Evidence from Croatia

Autori
Bateman, Milford ; Sinković, Dean

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
4th International Conference: An Enterprise Odyssey: Tourism, Governance and Entrepreneurship

Mjesto i datum
Cavtat, Hrvatska, 11.-14.06.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Podatak o recenziji nije dostupan

Ključne riječi
microfinance ; sustainable development ; Croatia ; poverty reduction ; microenterprise ; informal sector

Sažetak
The international development community has increasingly positioned microfinance as one of its most important poverty reduction, local labour market and local economic and social development policies. The enormous appeal of microfinance is based on the widespread assumption that simply providing access to credit will automatically catalyse poor individuals into entrepreneurial activity, thereby establishing a sustainable ‘ bottom-up’ economic and social development trajectory based upon rafts of new and expanding microenterprises. However, it is increasingly coming to be recognised that such claims for the power of microfinance are actually backed up by very little solid empirical evidence. In this paper we report on a survey of the microfinance sector in Croatia. Our results suggest that the microfinance model has actually undermined the chances of sustainable economic and social development in Croatia.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA