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| Author: | Woodworth, W.P. |
| Title: | Third World economic empowerment in the New Millennium: Microenterprise, microentrepreneurship, and microfinance |
| Journal: | SAM Advanced Management Journal
2000 : AUTUMN, VOL. 65:4, p. 19-25, 28 |
| Index terms: | Entrepreneurship Small business Companies Finance Developing countries |
| Freeterms: | SME |
| Language: | eng |
| Abstract: | Traditional strategies for aiding the world's poor countries, such as large modernization programs, the Green Revolution, and the basic needs approach, have had mixed results. A fresh approach is to make use of the strengths of the traditional societies and incorporate them into small, focused, concrete projects. The often ingored "informal economies" of traditional cultures may be more dynamic than formal economies and may well benefit from targeted extensions of credit and other assistance. A close look at banks with such programs in 3 countries is instructive and encouraging. |
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