It takes the average reader 8 hours and 54 minutes to read Poverty Traps and Microfinance by Roberto Moro Visconti
Assuming a reading speed of 250 words per minute. Learn more
Microfinance is a successful financial innovation to help the poor to sort out credit exclusion, which is one of the poverty traps that prevent billions of underserved, especially women, from escaping atavistic misery. Interconnected poverty traps range from misuse of natural resources (from blood diamonds to the oil curse) to conflict traps, demographic booming, being landlocked with bad neighbors or exposed to unfreedom. Other traps concern cultural backwardness, unsafe drinking and sanitation, food shortage up to starvation, illnesses or climatic shocks, causing mass migrations and unfair globalization. Microfinance, a grass-roots movement to provide credit to the neediest, can greatly help to dismantle at least some of these poverty traps, and thousands of mostly small institutions are competing in a market where demand from the poorest for financial services is potentially unlimited - while supply is not.While the success of microfinance, often ignited by foreign aid funding, has gone beyond any expectation, enormous problems are still on the ground. The road towards what is now considered microfinance's optimal goal - maximization of outreach to the poorest, combined with financial self-sustainability - is still full of obstacles. Prof. Moro Visconti's book, covering a vacuum in the existing literature, considers state-of-the-art microfinance within a broader framework of sustainable and long-term socio-economic development. With an innovative and reader friendly approach, Moro Visconti introduces the reader to the multidimensional causes of poverty and possible remedies. A cultural approach to the poverty traps, mixing its anthropological causes with possible bottom-up remedies, including microfinance, emerges as a stunning innovation. The book aims at a broad readership from practitioners to students and academics, as well as readers simply interested in solutions to the world-wide poverty problems.
Poverty Traps and Microfinance by Roberto Moro Visconti is 518 pages long, and a total of 133,644 words.
This makes it 175% the length of the average book. It also has 163% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 12 hours and 10 minutes to read Poverty Traps and Microfinance aloud.
Poverty Traps and Microfinance is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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