Uneasy passages between neoliberalism and feminism: Social inclusion and financialization in Israel's empowerment microfinance

This article focuses on feminist non‐governmental organizations advocating for economic empowerment of women (EEW) through microfinance, using Israel as a case study. Through fieldwork, interviews and documents, we investigate the institutional practices, cultural discourses and struggles that EEWs develop in order to expose the particular ways in which feminist organizations interact with the world of finance and state institutions. Our analysis points to the complex power dynamics of mediation, suggesting that there are ‘uneasy passages' between neoliberalism and feminism, ones that help re‐signify the meaning of financial discourses while re‐politicizing women's social and economic exclusions. Simultaneously, however, this relation induces a series of compromises, whereby EEWs adopt neoliberal modes of governance. Rejecting the notion that contemporary feminism has simply been co‐opted by neoliberalism or the perception of EEW microfinance as a mere expansion of neoliberal rationalities, we reveal new sites and ways in which feminism both colludes and collides with neoliberalism.     

Rural Women,Anti-Poverty Strategies,and Black Feminist Thought

Rural U.S. poverty rates have been persistently high. Market-based anti-poverty strategies, specifically microenterprise programs, have gained currency as a feasible avenue for moving women out of poverty. While rural women may share some commonality, homogeneity among rural women is often assumed in poverty scholarship. It is imperative that poverty scholars contribute to closing the gap between theoretical explanations and the actually experiences of poverty among individuals occupying different social locations. As researchers address this gap, this article argues for the value of integrating two important components consistent with black feminist epistemology: (1) an intersectionality perspective, and (2) the voices of the local actors/stakeholders. This article concludes that without a purposeful examination of individuals located at the intersection of race/ethnicity, gender, and/or class; even carefully formulated policy can inadvertently discriminate against or benefit some women more than others.     

Evaluating mission drift in microfinance: lessons for programs with social mission

The article contributes to a better understanding of implications of scaling up on the social mission of microfinance programs. It proposes a methodology to measure the extent, if any, to which a microfinance program with a poverty alleviation mission drifts away from its mission during rapid scaling up and presents findings from a field research using the proposed methodology at Activists for Social Alternatives (ASA), a microfinance organization that serves poor women in rural India. The findings indicate that mission drift is not a result of deliberate decisions by the management or board but rather is a result of the challenges posed by the scaling-up process. At times, changing trends in social outcomes were not obvious, and management was not aware of the changes indicated by the proposed measures of social performance.     

Explaining microfinance's resilience: the case of microfinance in Australia

ABSTRACT

Microfinance has been unsuccessfully deployed as a poverty reduction strategy in the Global South. However, despite advocates acknowledging this shortcoming, the sector continues to grow. Moreover, over the past decade it has expanded its geographic scope, targeting poor communities in the Global North under the banner of financial inclusion. This article investigates the growth of the Australian sector. Analyzing the impacts of reforms to Australia's social security system alongside the political economy of the microfinance industry, it argues the debtfare state in Australia has provided fertile ground for microfinance's expansion. Documenting the advocacy strategies and tools to target vulnerable communities used by microfinance organizations and corporate partners, it charts how government support and subsidies have created a favourable regulatory environment, driving the sector's growth. This has benefitted these coalitions while displacing other forms of social security, despite the lack of robust evidence demonstrating microfinance's benefits for the poor.     

The Political Economy of “Transnational Business Feminism”

This article traces the emergence of a politico-economic project of “transnational business feminism” (TBF) over the past decade. This project – which is being developed by a coalition of states, financial institutions, the UN, corporations, NGOs and others – stresses the “business case” for gender equality by arguing that investments made in women can (and should) be measured in terms of the cost savings to families and communities, as well as in terms of boosting corporate profitability and national competitiveness. This article uses a feminist historical materialist framework to argue that TBF is facilitating the further entrenchment of the power of corporations to create “expert” knowledges about both “gender” and “development.” Using the Nike-led “Girl Effect” campaign as an example, it is argued that TBF is promoting a naturalized and essentialized view of women and gender relations that ignores the historical and structural causes of poverty and gender-based inequality. It is also helping to reproduce the same neoliberal macroeconomic framework that has created and sustained gender-based and other forms of oppression via the global feminization of labor, the erosion of support for social reproduction and the splintering of feminist critiques of capitalism.     

Ambiguous incorporations: microfinance and global governmentality

In the spring of 2007 an event dramatically reshaped conversations relating to microfinance. This event was the Initial Public Offering (IPO) of Mexico's largest microfinance organization, Compartamos. The IPO, as this article suggests, is indicative or a broader trend through which microfinance is increasingly becoming financialized, increasingly becoming governable as a financial object. This is important at one level because it crystallizes some of the key issues at stake as microfinance becomes increasingly more reliant on global capital markets. At another level, however, the Compatarmos case is significant because of the conceptual issues it raises in relation to global finance. The main argument I put forward in this article is that the Compatarmos case – and the process of financialization it represents – is important because it allows us to glimpse global finance, and the question of global financial governance, as a decentred process in formation. Drawing on a Foucauldian notion of governmentality, I argue that the Compatarmos case orbits around two processes; processes of incorporation and differentiation. In this context, the Compartamos case implies the importance of analyses that can make global finance visible as a diverse and mundane object that is never settled in any final kind of way.     

Let the right one in: A Bourdieusian analysis of gender inequality in universities’ senior management

This article examines the lack of gender diversity in senior management positions in professional staff in universities. These results are analysed via a Bourdieusian analysis of economic, social, cultural and symbolic capital. Through a purposeful sample of senior professional staff working in universities in three countries: Australia, Canada and the UK, six career‐enhancing strategies needed for career success were determined. The article critiques the resource‐based view of career capital and argues that capitals accumulation for career success can be understood by considering the concepts of symbolic violence and habitus as a way of understanding intra‐cohort differences. It proposes that by considering both the subjective and objective cultural constructs via habitus, and by acknowledging the importance of symbolic capital and symbolic violence towards women, this may be one way of increasing female representation in senior management.     

From Boom to Bust: How Different Has Microfinance Been from Traditional Banking?

This article presents in‐depth analysis of developments in the microfinance sector before and after the collapse of Lehman Brothers in 2008, by comparing them with developments in the traditional banking sectors of emerging markets and developing countries. Its findings indicate that microfinance has been part of the same credit boom observed in the traditional banking sector, and that the boom was also fostered by substantial inflows of foreign capital. Further, that risks associated with credit booms in the traditional sector also evolved in the microfinance sector. The article comes to the conclusion that, by becoming part of the global financial system, microfinance has lost one of the characteristics distinguishing it from traditional banking, namely, its greater resilience to crises in domestic and global financial markets.     

Re-centring ‘Race’ in Development: Population Policies and Global Capital Accumulation in the Era of the SDGs

Abstract

This article argues that contrary to some recent theorizing of contemporary development interventions, ideologies of race and discursive and material processes of racialization remain central to development and are embedded in the Sustainable Development Goals. This is explored through an examination of current population policies, and in particular the ‘global family planning strategy’ initiated by the Bill and Melinda Gates Foundation in partnership with the British government. Population concerns are now routinely invoked in the context of neo-Malthusian discourses which relate migration, climate change, and conflict. This article argues however that contemporary population policies represent more than a discursive smokescreen for the destructive impacts of global capital accumulation—they are in fact deeply enmeshed in strategies for its expansion. As such, they rely upon embodied coercion and violence which is racialized and gendered, even as they invoke narratives of reproductive rights and choices.     

Women’s participation in microfinance: Does it increase their control over resources?

This study drew on asset theory to explore the influence of microfinance participation on control over resources among women in Bangladesh. The association between microfinance participation and control over resources among women in Bangladesh was examined. Prevalence ratios were estimated for a sample of 9,614 women between the ages of 15 and 49 years drawn from the Bangladesh Demographic and Health Surveys of 2007, 2011, and 2014, controlling for potential confounders, including urban dwelling, the presence of wealth assets, exposure to media, the number of household members, gender of household head, religion, and demographic factors. The results showed that control over resources was positively associated with microfinance participation (PR = 1.03; p < 0.05), upholding asset theory’s prediction that asset accumulation—in this case via microfinance—enhances human capital.     

The resonance of moderate feminism and the gendered relations of austerity

During the tenure of the UK Conservative‐led coalition government (2010–15) austerity policy was rolled out in response to the global financial crisis of 2007–08. In this article a discourse analysis of mainstream newspaper representations of austerity, which appeared throughout this period, is undertaken using the principles of Cultural Political Economy (Jessop 2004). Three key questions are posed: 1) How is gender drawn upon to render austerity intelligible? 2) How do these discursive constructions contribute to the reproduction of particular ideas regarding contemporary gender relations? 3) What do these gendered austerity discourses reveal about the institutionalisation of particular forms of feminism? A critical gender discourse which emphasised equality appeared alongside constructions of gender that reproduced problematic assumptions. Made meaningful in this way, austerity, as a strategy for restoring pre‐crash social arrangements, also restored particular aspects of gender relations. This is theorised as the product of the successful institutionalisation of a hegemonic, moderate liberal feminism prior to the financial crash. The findings contribute to debates within feminist scholarship about the dynamics of gender inclusion and extend our understanding of the associated implications for feminist critique.     

The erosion of citizenship

The Marshallian paradigm of social citizenship has been eroded because the social and economic conditions that supported postwar British welfare consensus have been transformed by economic and technological change. This article argues that effective entitlement was based on participation in work, war and reproduction, resulting in three types of social identity: worker-citizens, warrior-citizens and parent-citizens. The casualization of labour and the technological development of war have eroded work and war as routes to active citizenship. Social participation through reproduction remains important, despite massive changes to marriage and family as institutions. In fact the growth of new reproductive technologies have reinforced the normative dominance of marriage as a social relation. These rights of reproduction are described as 'reproductive citizenship'. The article also considers the role of voluntary associations in Third-Way strategies as sources of social cohesion in societies where social capital is in decline, and argues that the voluntary sector is increasingly driven by an economic logic of accumulation. With the erosion of national citizenship, Marshall's three forms of rights (legal, political and social) have been augmented by rights that are global, namely environmental, aboriginal and cultural rights. These are driven by global concerns about the relationship between environment, community and body such that the quest for social security has been replaced by concerns for ontological security.     

GENDER, CLASS, AND THE ART AND CRAFT OF SOCIAL CAPITAL

Social capital is generally recognized as the positive outcome of sociability and social connection and, more specifically, as the capacity to realize economic benefits through social connections. Limited attention has been paid to understanding the potential of social capital at the intersection of socioeconomic disadvantage. The first part of the article examines assumptions of class and gender in the theoretical literature on social capital. The second part explores the influence of class and gender contexts on social networks among women living in socioeconomically disadvantaged neighborhoods in Victoria, Australia. The analysis reveals the ways in which social network assets are conditional on socioeconomic and gender circumstances.     

Women,Poverty, and the Microenterprise: Context and Discourse

The article discusses the claims of success of microenterprise development programmes (MDPs) in poverty reduction and gender equality. It also deals with the broader theoretical and methodological issues related to the ways in which context and discourse interact in the assessment of anti‐poverty and gender equity strategies. MDPs are considered among the most viable strategies for helping women overcome poverty and promoting gender equity. However, there has been significant debate over these claims. The relationship between business ownership, poverty reduction and gender empowerment is still to be proved. The article presents the voices of women engaged in a microenterprise (ME) from a context‐informed and discourse analysis perspective, and considers the women's insights about ME as an anti‐poverty and gender empowerment strategy. The findings show a complex picture. On one hand, the new occupational status promises a tangible alternative to multiple personal, social and gender constraints. Additionally, women in the study perceived the ME as a space for self‐definition and as an outlet for expressing their oppressed identities. On the other hand, the findings seriously challenge the capacity of the MDP strategy to promote gender equity and combat poverty among low‐income women. Implications for research and policy are discussed.     

Transnational business feminism: Exporting feminism in the global economy

Business feminism is a brand of feminism that privileges women's advancement in the corporate hierarchy and centres corporations as the ultimate purveyors of gender equity. While scholars have critiqued this formulation, little empirical research has analysed the processes that guide the dissemination and translation of business feminism in organizational settings within global corporate networks. This article advances scholarship on the global processes that drive the export of business feminism logics. We analyse the process of dissemination of business feminism from the headquarters of multinational corporations to corporate hubs located in Hungary. This process relies on women executives who are charged with translating policies and practices originating in the headquarters of western corporations. In‐depth interviews with women executives charged with implementing corporate policies reveal the ways in which business feminism is interpreted, modified and/or resisted by actors within organizational settings.     

Negotiating Gender Relations: Muslim Women and Formal Employment in Pakistan's Rural Development Sector

Drawing on evidence from qualitative field research, this article explores how Pakistani female development practitioners experience their work situations as they are shaped both by local sociocultural norms and globalized development agendas. In this context, policies at global and national levels demand that more female development practitioners work in remote rural places in Pakistan, thus creating new employment opportunities for some Pakistani women. This article argues that, in this work environment, these women are exposed to different expectations about their gender behaviour and that they therefore develop physical strategies on the one hand and discursive strategies on the other in order to negotiate gender relations in a way that allows them to engage in formal employment. This article adds to under‐researched debates on gender and work in Muslim countries as well as to debates in critical development and gender studies.     

Development of Capital in Poor,Inner-City Neighborhoods

Abstract

Social work practice in poor, inner-city neighborhoods can be enhanced through assessment of individual and community needs that takes into account various forms of capital, i.e., financial, human, social, cultural, environmental, and political. This article defines and illustrates these forms of capital by reference to social science studies of the social problems in inner-city neighborhoods. Examples are provided of community interventions that focus on capital development and community building for residents in areas of extreme poverty.     

Engendering Global Democracy

The inadequacies of hegemonic liberal democratic ideas and institutions have been exposed by feminist theorists focusing on the marginalisation of women and by global theorists examining the impact of globalisation. These theorists have developed two distinct sets of reconstructive strategies that, until very recently, have remained in ignorance of each other. Further, both feminist and global democratic schemes have been dogged by problems in terms of their theorisation of power, politics, agency and change. Recent feminist arguments about citizenship and governance go some way to bringing together concerns about gender inequality and globalisation, but they remain centred on states and the states-system as vehicles for democratic representation and participation. This article argues that a more radical reconstructive strategy can be derived from debates about the democratisation of feminism itself. Drawing on the responses of black and third world feminists to racism in the white-dominated feminist movement, and examining their influence on efforts to organise transnationally, the article points to innovative ways of thinking about power, politics, agency and change. Together these amount to a democratic framework which has applicability beyond feminist organising and which confronts the marginalisations of both gender and globalisation.     

Gender and governance of global value chains: Promoting the rights of women workers

Private governance channelled through social compliance programmes and gender initiatives of multinational companies have had limited impact in tackling gender discrimination in global value chains (GVCs). The United Nations Guiding Principles on Business and Human Rights (UNGPs) provide a public–private governance framework to address human rights globally, including gender equality. This article considers whether the UNGPs can provide a more effective governance framework for addressing women workers’ rights in GVCs. It argues that interlayered forms of governance (involving public, private and social actors) are critical in addressing gender discrimination in GVCs and advancing a gendered approach to human rights due diligence.     

Techno economic systems and excessive consumption: a political economy of ‘pathological’ gambling

This article argues that gambling is a paradigmatic form of consumption that captures the intensified logic at the heart of late modern capitalist societies. As well as a site of intensified consumption, it claims that gambling has also become the location of what has been described as a new form of ‘social pathology’ related to excess play. Drawing on Castells' (1996) notion of techno‐economic systems, it explores the ways that intersections between technology, capital and states have generated the conditions for this situation, and critiques the unequal distribution of gambling environments that result. It argues that, while the products of these systems are consumed on a global scale, the risks associated with them tend to be articulated in bio‐psychological discourses of ‘pathology’ which are typical of certain types of knowledge that have salience in neo‐liberal societies, and which work to conceal wider structural relationships. We argue that a deeper understanding of the political and cultural economy of gambling environments is necessary, and provide a synoptic overview of the conditions upon which gambling expansion is based. This perspective highlights parallels with the wider global economy of finance capital, as well as the significance of intensified consumption, of which gambling is an exemplary instance. It also reveals the existence of a geo‐political dispersal of ‘harms’, conceived as deteriorations of financial, temporal and social relationships, which disproportionately affect vulnerable social groups. From this, we urge an understanding of commercial gambling based on a critique of the wider social body of gambling environments within techno economic systems, rather than the (flawed) individual bodies within them.