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A critical geography of poverty finance

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  • Katharine Rankin

Abstract

This paper builds a critical geography of poverty finance with recourse to a relational comparison of the microfinance and subprime mortgage markets. It probes paradoxical claims about the nature of poverty, the poor, states and markets that have surfaced in the aftermath of the financial crisis. In doing so it aims to generate new understandings of neoliberal global finance with specific emphasis on 1) the social constitution of risk through racialised and gendered forms of difference; 2) the exercise of dispossession and imperialism by financial means; and 3) articulations of poverty finance with the social relations of debt in specific conjunctures. Each of these terrains of inquiry forms a subsection of the paper, following a preliminary section that poses the animating paradox in more detail. The paper concludes with some reflections on the conditions of possibility for democratising finance.

Suggested Citation

  • Katharine Rankin, 2013. "A critical geography of poverty finance," Third World Quarterly, Taylor & Francis Journals, vol. 34(4), pages 547-568.
  • Handle: RePEc:taf:ctwqxx:v:34:y:2013:i:4:p:547-568
    DOI: 10.1080/01436597.2013.786282
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    Cited by:

    1. Elena Reboul & Isabelle Guérin & Antony Raj & G. Venkatasubramanian, 2019. "Managing Economic Volatility. A Gender Perspective," Working Papers CEB 19-015, ULB -- Universite Libre de Bruxelles.
    2. Monika Grubbauer, 2020. "Assisted Self‐help Housing in Mexico: Advocacy, (Micro)Finance and the Making of Markets," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 44(6), pages 947-966, November.
    3. Philip Mader, 2018. "Contesting Financial Inclusion," Development and Change, International Institute of Social Studies, vol. 49(2), pages 461-483, March.
    4. Andrea Pollio, 2020. "Architectures of millennial development: Entrepreneurship and spatial justice at the bottom of the pyramid in Cape Town," Environment and Planning A, , vol. 52(3), pages 573-592, May.
    5. Rahel Kunz & Julia Maisenbacher & Lekh Nath Paudel, 2022. "Remittances, development and financialisation beyond the Global North," Environment and Planning A, , vol. 54(4), pages 693-701, June.
    6. Reboul, E. & Guérin, I. & Nordman, C.J., 2021. "The gender of debt and credit: Insights from rural Tamil Nadu," World Development, Elsevier, vol. 142(C).
    7. Lucy Baker, 2021. "Everyday experiences of digital financial inclusion in India's ‘micro-entrepreneur’ paratransit services," Environment and Planning A, , vol. 53(7), pages 1810-1827, October.
    8. Isabelle Guérin & Christophe Nordman & Elena Reboul, 2019. "The gender of debt and the financialisation of development. Insights from rural southern India," Working Papers CEB 19-016, ULB -- Universite Libre de Bruxelles.

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