The role of the State in micro-finance in Argentina.[Essay] by Olympe Bédier


Olympe Bédier graduated from HEC in 2013, as a Student of the "Quantitative Economics and Finance" specialization program, which is a common program with the Ecole Polytechnique. She as an experience in the financial sector and spent 8 months in the deprived areas of Buenos Aires, where she worked as a consultant in finance and strategy for micro-finance institutions, in the name of Micro Finance Sans Frontières, which is an association of BNP-Paribas.

Over the last 25 years, the Argentinian authorities have played an ambivalent role in the development of micro finance in their country. After having supported microcredit until the economic crisis of the years 2000s, political authorities turned their backs on neoliberalism. They created their own doctrine of a social micro-finance, which developed slowly and under close political influence, so that it could not satisfy more than 10% of the Argentinian needs. This essays traces the theoretical and concrete contribution of the State to the Argentinian micro-finance, in a context of deep financial crisis and ideological upheaval; it also explains the regulatory, human and financial barriers hindering the blossoming of micro-finance institutions, in spite of their high potential.

Quote article  Olympe Bédier, « The role of the State in micro-finance in Argentina. », 02 july 2013, Alternative Management Observatory (AMO), [Essay]

In the same section

Animal Spirits - How Human Psychology Drives the Economy and Why It Matters for Global Capitalism - by Robert A Akerlof and Robert J Shiller

[Reading report]

[Reading report] : Yoann Kassi-Vivier

Economic agents are not omniscient homo economicus: on the contrary, most of their decisions are driven by “animal spirits”, especially confidence, fairness, monetary illusion and stories. Those are the ways of thinking that drive ideas and feelings of human beings. Although they are neglected...

>>Read more

The protestant ethic and the spirit of capitalism - by Max Weber

[Research paper]

[Research paper] : Alice de Rochechouart

This book studies how the protestant ethic and its asceticism contributed to shape and to spread the spirit of modern capitalism. The reformed Protestants believed in predestination, and were looking for the evidence of their divine election in strict labor ethics, where economical profit was...

>>Read more

Manufacturing consent, the political Economy of the mass media - by Noam Chomsky and Edward Herman

[Reading report]

[Reading report] : Yan Vincent Genod

In this work, Noam Chomsky and Edouard Herman reveal that the American mass media, in their current operational mode, mobilise the American public opinion in favour of the vested interests of the state and the private sector (often called the market). The forces inducing the media to take this role...

>>Read more

The development: a radical criticism of one's view of the world


[Essay] : Pablo Nomanza

Who and what does the development refer to? Why, what for? The research and  reflection work done here is an attempt to explore what exactly is the idea of development, what justifies it, what is its basis, what values and concepts it relies on, what promise it embodies, where development leads...

>>Read more

Is Official Development Aid Designed to Fullfill the Poors' Needs?


[Essay] : Guillaume Angué

Since 1945 and the independence of old colonies, rich countries have attempted to help the poorest countries to develop. At first this Development Aid was aimed towards economic growth, and then towards the reduction of inequalities, social progress, and now towards sustainable development. Whereas...

>>Read more

With the same doctype


Sustainability Initiatives of Emory... The objective of this review is to sum... by Jie Zhu
Is car-sharing the next way to drive in... The concept of car-sharing has been... by Rudy Guénaire
Ecological Footprint and sustainable... Over the past few years, a responsible... by Claire Nativel
From theory to reality: how liberalism... Noticing that men are unable to agree... by Yann Auger
Eco villages: from utopia to real... Eco-village projects have been... by Thomas Lebreuil
Limits and stakes of local democracy.... What is local democracy? What is its... by Anne Hurand
The role of the State in micro-finance... Over the last 25 years, the... by Olympe Bédier
Bimini Place: Los Angeles Eco-Village The objective of this review is to... by Guillaume Dutertre
SELCO, solar energy to fight poverty SELCO India is a social business... by Margaux Vinez
Altai Consulting Altai Consulting started its operation... by Domitille de la Morinerie