Since the end of the Second World War, the attention of the major political powers has focused primarily on the problem of poverty and underdevelopment in certain countries orphaned by the great colonial empires; it is precisely in this period that we can place the birth of development economics . The origin of this branch of economics entailed a clear distinction between developed and underdeveloped countries and led many scholars to believe that the methods used were suitable only for the latter.
The birth of a new economy
One of the cornerstones of development economics is the concept of an economic system , which, as Franco Volpi explains, is a complex structure of institutions, norms, behaviors, and ways of thinking. The study of an economic system must analyze all these components, and unfortunately, over the years, many development theories have forgotten this aspect. Some development programs implemented by nations committed to fighting poverty have presumed to already know the needs of the populations they wish to help or the mechanisms to address them, without analyzing the socio-cultural or geographical context in which they would be located, leading to inevitable failure. Without listening and sharing needs, there can be no lasting and beneficial development for the country's economy, and it is precisely from this starting point that the revolution brought about by economist Muhammad Yunus through microcredit began.
Here is the microcredit
Microcredit is a microfinance tool that aims to introduce into the economic circuit individuals who are part of it. excludedExclusion does not occur purely on the basis of available credit, but in some developing countries it occurs for social and cultural reasons: one example is Bangladesh and the exclusion of women from the labor market. The goal of this tool, therefore, is to create an alternative economy to the traditional one by promoting the development of all those defined as "unbankable", valuing their needs, skills, and abilities. The experiences gained over time and in various territorial contexts have made this tool famous, making it, since the 70s, one of the most effective responses to the financial needs of the various individuals who have benefited from it and continue to do so. Microcredit, through funds for business creation, therefore goes beyond the welfare perspective and embarks on the path to apersonal autonomy, never easy, which requires personal awareness and responsibility.
Deborah Gerardi
