Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

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Session Overview
1-SP063: Rethinking Development: Creative Responses to Economic Injustice in Developing Economies
Monday, 05/July/2021:
3:30pm - 4:45pm

Session Chair: Dr. Kelly Elizabeth Dye, Acadia University, Canada
Session Chair: Dr. Bruce Grant Dye, Crest Business Development Ltd., Canada

Session Abstract

Responses to social injustice, particularly to economic injustice and resulting poverty, vary from income redistribution strategies to programs and policies aimed at reducing employment barriers to marginalised groups. Despite such efforts, this injustice continues to grow, with “inequality getting much worse, heightening the economic precarity of the poor” (Cummings, 2017, p. 37). This Seed Panel provides a platform to present works in progress, draft papers, and / or innovative ideas that explore approaches to development that address such social and economic injustice from the perspectives of those working at the individual and community levels. This may include non-traditional, unique, or experimental approaches, experiences, or programs aimed at helping individuals and communities improve their circumstances within a system that is economically and socially unjust. Abstracts chosen for the panel will require a presentation as a final submission.

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Access To Finance In Poor Communities: A Grassroots Approach

Nathanael Ojong

York University, Canada

Access to finance is recognized as one of the key pillars of the global development agenda. Ceteris paribus, access to finance has positive effects on consumption—as well as on employment status and income, but a significant percentage of poor populations in developing countries do not have access to formal finance. Often, microentrepreneurs are unable to meet the collateral requirements. So, how do microentrepreneurs have access to finance?

This presentation addresses this puzzle by examining how microentrepreneurs in Cameroon draw on cultural norms in order to have access to finance from microfinance institutions. Put simply, I show how cultural norms facilitate access to finance for microentrepreneurs who are not creditworthy due to their inability to meet the collateral requirements. By emphasizing the role of cultural norms in facilitating access to finance, I challenge conventional ideas regarding the operations of formal financial institutions in developing countries.

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