Chapter 14: From ‘Shock Therapy’ to Big Society: Lessons from the Post-Socialist Transitions
Armine Ishkanian INTRODUCTION A report titled International examples of Big Society initiatives published in January 2011 by the Office for Civil Society, Cabinet Office presents examples of ‘how Big Society is already at work around the world’ in order to ‘provide inspiration’ for UK policymakers (Riegert, 2011, p. 5). Among the examples cited is the Grameen Bank and its microcredit programmes in Bangladesh. Although the report’s author, Arnaud Riegert, recognises that ‘the impact of microcredit is still quite controversial’, he nevertheless argues there is evidence that with the aid of microcredit, women in poor communities in Bangladesh are working ‘without depending on usurers’ (Riegert, 2011, p. 23). Whether this work the women are engaging in – or indeed their access to microcredit – is pulling them out of poverty or empowering them in any way is left unanswered but it represents the dominant narrative, which valorises microcredit, portraying it as a panacea for the problems of poverty and underdevelopment worldwide. Since the 1997 Microcredit Summit in Washington DC, enthusiasm for microcredit as a universally applicable poverty alleviation has led to its introduction across the globe. Enthusiasts, Ruth Pearson argues, have pointed to the example of Grameen Bank’s microcredit programme in Bangladesh and urged other countries to follow suit as a means for diminishing the need for dependence on national and federal welfare systems (Pearson, 2000, p. 153). In spite of this enthusiasm, problems remain in theory and application of microcredit programmes. With reference to the Grameen Bank, a number of scholars have...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.