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Essay / Research Paper Abstract
This 4 page paper looks at how an argument can be constructed around three economic issues; developing countries, economic stability and the standard of living for families. The paper argues that strategies such as micro finance can be more important than FDI. The bibliography cites 5 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEdevmicro.rtf
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Unformatted sample text from the term paper:
is not surprising where countries have limited incomes that it is these countries that suffer the highest level of maternal and infant mortality, the highest HIV infection rates and many
other diseases and condition that are associated with poverty (Banuri, 2005). One approach that has gained support is that of encouraging micro lending. It is only as the economy grows
that the governments will have the revenue needed to help with the improvement of living condition, and it is argued that it is only in a stable economy that the
populace will be able to afford and provide for their own needs, increasing their standard of living. To aid the fight against poverty in a
direct manner, many governments, non government organisations and private firms have been experimenting with a idea which was developed by the Grameen Bank of Bangladesh called micro-credit lending (van
Eeghen and Kouassi, 1997). This is still following the established policies of encouraging economic growth, but puts it into the hands of more people rather than just government s
and privileged individuals. This is where a lender makes a very small loan to an individual with little or no need for security. This loan is made
to begin some sort of income-generating enterprise, regardless of size. This may be a small farming enterprise or the proposal for a manufacturing plant to provide hundreds of jobs.
The main requirement of borrowers is that they organise into small groups and guarantee each others loans. In this way, added security and support is available to those
who are undertaking the project. The approach has been extremely successful in other areas of the world and has strong potential in the Middle East where it is just
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