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Does Financial Globalization Affect Microfinance Mission Drift?

Empirical evidence from Sub-Saharan Africa

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Microfinance Institutions

Part of the book series: Palgrave Studies in Impact Finance ((SIF))

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Abstract

Due to globalization and liberalization of financial markets, it is now easy for capital, especially foreign direct investment (FDI), to flow between countries. Figure 5.1 indicates that FDI to Sub-Saharan Africa (SSA) has steadily increased in the last decade. While some authors (Yunus, 2007; Ryhne and Otero, 2006) see these flows as good news for the poor and the microfinance industry, opponents have raised concerns as to the occurrence of mission drift arguing that financial globalization is propelled by the capitalist ideology of profit making (Roy, 2010: 31).

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Authors
  1. Akem Noela Forkusam
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Editor information

Editors and Affiliations

  1. University of Agder, Norway

    Roy Mersland

  2. Oslo and Akershus University College and Telemark University College, Norway

    R. Øystein Strøm

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© 2014 Akem Noela Forkusam

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Forkusam, A.N. (2014). Does Financial Globalization Affect Microfinance Mission Drift?. In: Mersland, R., Strøm, R.Ø. (eds) Microfinance Institutions. Palgrave Studies in Impact Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137399663_5

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