Small- vs. Large-Scale for Development
For the most part, non-government organizations (NGOs) are more successful than big
organizations such as the World Bank and International Monetary Fund (IMF), as Magg
There is a breakdown of trust when big organizations implement policies and make
decisions they think are good for the people, but they dont hear the local peoples opinion.
Unfortunately, there is mass corruption and indifference at the top. Moreover, the
MICROFINANCE Microcredit is still good, although some of these stray from early lesson 3,652 MFIs Average household has a little over 5 members, so impact of 205+ million micro plans=more than 1/7th of today's global population This is huge! Local program
11/15/12 Structural adjustment programs took away from developing countries rather than aiding them. They had fallen behind on debt repayments and debt crisis was a result of the oil shocks where prices went up by a 1000%. IMF and World Bank wanted auster