Where the concepts of free markets and capitalism have been lauded to bring freedom and choice, they have been held responsible for bringing much worldwide social and economic disparity. Critics have blamed them for widespread crime, corruption and poverty. Wary of such consequences,...

As an effective financial tool for socio-economic development, today microfinance has gained enormous success in tackling poverty on a global scale and helping various governmental and non-governmental actors to achieve their Millennium Development Goals (MDGs). Given the positive impact of...

Over the last three decades microcredit has gained enormous success in reducing poverty on a global scale. As an efficient financial mechanism, microcredit enables various governmental and non-governmental actors to realise the millennium development goals (MDGs). Based on our recent...

Much of what has been reported about the impact of globalization is based on macroeconomic and social analyses. There is a dearth of research on the meaning and impact of globalization at the individual level. This paper attempts to fill this gap in the literature. The paper is divided into two...