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Microfinance and Its DiscontentsWomen in Debt in Bangladesh$
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Lamia Karim

Print publication date: 2011

Print ISBN-13: 9780816670949

Published to Minnesota Scholarship Online: August 2015

DOI: 10.5749/minnesota/9780816670949.001.0001

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The Structural Transformation of the NGO Sphere

The Structural Transformation of the NGO Sphere

(p.1) Chapter 1 The Structural Transformation of the NGO Sphere
Microfinance and Its Discontents

Lamia Karim

University of Minnesota Press

This chapter discusses the structural evolution of NGOs throughout history and how the NGO sector has become a shadow state in Bangladesh’s rural economy. The NGO is a powerful quasi-governmental institution in its own right due to global trends of neoliberalism, privatization, and even local and international allies. Thus, independent and Western-funded NGOs are now a prominent source of employment and essential services for the nation’s citizens. These factors eventually allow for the NGO sector to introduce microfinancing to a country that would wholeheartedly embrace it to the detriment of its own people.

Keywords:   microfinancing, rural economy, neoliberalism, privatization, shadow state, employment, essential services, NGOs

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