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Microcredit was once universally lauded in international development community circles as a 'magic bullet'. Using the example of South Africa, this paper shows that microcredit has actually been an 'anti-developmental' local financial model, and one of the most calamitous financial sector...
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There is a wide agreement among poverty research community that conventional estimates of poverty (i.e., money … overestimate total household expenditure, which results in an underestimation of poverty measured in terms of household expenditure … poverty and child poverty estimates in five middle-income countries (India, Mexico, South Africa, Russian Federation and Peru …
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