The Bank For The Poor Essay

1616 Words Dec 12th, 2015 null Page
During the eighties, Grameen Bank becomes popular among policy makers. This institution, also referred as “the bank for the poor”, is a micro-lending program established in Bangladesh(Yunus, 2003). Their primary purpose is to foster entrepreneurship among the underserved population through providing loans at low or no interest rate with flexible payment plans(Bornstein, 1996). This initiative enables individuals to access capital access otherwise will not obtain it(Bornstein, 1996; Jain, 1996; Mallick, 2002; Yunus, 2003). Due to the success obtained, Authorities across the world implemented local versions in their home countries. Nevertheless, Hulme (1990) raised warnings about these implementations comparing the results of the original policy with their counterparts in Malesia, Sri Lanka and Malawi. The results were not as satisfactory as the original bank. The local implementation did not consider different demographics, religions attitudes, and government structure and policy implementation issues, explain in part the results.
The previous example illustrates what a policy transfer / mobility is. As a consequence of the technology advancement and globalization, people are expecting faster policy implementations. Due to that pressure, several governments have decided to “import” successful policy implemented in other countries. Policy makers assumes that an effective policy could be seen as a best practice case and therefore replicated. That is what we will…

Related Documents