Microcredit is losing its halo in many developing countries. Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have prompted political hostility in Bangladesh, India, Nicaragua and other developing countries. In December, the prime minister of...

The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...

Over the past decade, as crops have failed year after year, 200,000 farmers have killed themselves Naryamaswamy Naik went to the cupboard and took out a tin of pesticide. Then he stood before his wife and children and drank it. "I don't know how much he had borrowed. I asked him, but he wouldn't say," Sugali Nagamma said, her tiny grandson playing at her feet. "I'd tell him: don't worry, we...

In a bid to win the hearts of forest-based communities, the government will decriminalise the collection of traditional 'livelihood items' from the forests. The move comes even as a joint committee set up by the environment and tribal affairs ministries found several state governments guilty of using the three-year-old Forest Rights Act to distribute forest land to individuals. The committee, headed by Naresh Saxena, development expert and former secretary to the government...

Safai karmacharis are set to end their two-decade-long movement for a life of dignity on a victorious note. DECEMBER 31, 2010. As revellers across the world prepare to celebrate the end of the first decade of the new millennium and the start of a new year, a million women across India will be celebrating not the end of a calendar year but the end of a centuries-old degrading and inhuman...