Does Financial Globalization Affect Microfinance Mission Drift?

Akem Noela Forkusam

Chapter 5 in Microfinance Institutions, 2014, pp 79-98 from Palgrave Macmillan

Abstract: Abstract Due to globalization and liberalization of financial markets, it is now easy for capital, especially foreign direct investment (FDI), to flow between countries. Figure 5.1 indicates that FDI to Sub-Saharan Africa (SSA) has steadily increased in the last decade. While some authors (Yunus, 2007; Ryhne and Otero, 2006) see these flows as good news for the poor and the microfinance industry, opponents have raised concerns as to the occurrence of mission drift arguing that financial globalization is propelled by the capitalist ideology of profit making (Roy, 2010: 31).

Keywords: Foreign Direct Investment; Capital Structure; Foreign Direct Investment Inflow; International Joint Venture; Asset Ratio (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1057/9781137399663_5

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