Challenging the Financial Inclusion-Decent Work Nexus : Evidence from Cambodia’s Over-indebted Internal Migrants. / Natarajan, Nithya; Brickell, Katherine; Guermond, Vincent; Lawreniuk, Sabina; Parsons, Laurie.

In: Global Public Policy and Governance, 09.09.2021.

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@article{daf7c9776e9d4da3bbae7b2dcee2b4ee,
title = "Challenging the Financial Inclusion-Decent Work Nexus: Evidence from Cambodia{\textquoteright}s Over-indebted Internal Migrants",
abstract = "In this paper, we question the promotion of financial inclusion, and microfinance specifically, as a means to achieve {\textquoteleft}Decent Work{\textquoteright} (DW) under the International Labor Organization{\textquoteright}s (ILO) programme. Drawing upon original research findings from two types of internal migrants in Cambodia, we make a twin contention: first, that excessive levels of microfinance borrowing by garment workers are part-outcome of the failings of the DW programme to engender {\textquoteleft}decent enough work{\textquoteright}, and second, that microfinance borrowing is actually eroding rather than contributing to the prospect of decent work for debt-bonded brickmakers in the country. The data presented on two of the largest sectors contributing to Cambodia{\textquoteright}s growth in recent decades, enable the paper to show how microfinance and labour precarity are intertwined through the over-indebtedness of workers in both cases. The paper ultimately looks to caution the ILO on its current promotion of financial inclusion and microfinance in particular, stressing the need for significant sectoral reforms before this form of credit can be considered to align with the core principles of the DW programme.",
author = "Nithya Natarajan and Katherine Brickell and Vincent Guermond and Sabina Lawreniuk and Laurie Parsons",
year = "2021",
month = sep,
day = "9",
language = "English",
journal = "Global Public Policy and Governance",
issn = "2730-6305",

}

RIS

TY - JOUR

T1 - Challenging the Financial Inclusion-Decent Work Nexus

T2 - Evidence from Cambodia’s Over-indebted Internal Migrants

AU - Natarajan, Nithya

AU - Brickell, Katherine

AU - Guermond, Vincent

AU - Lawreniuk, Sabina

AU - Parsons, Laurie

PY - 2021/9/9

Y1 - 2021/9/9

N2 - In this paper, we question the promotion of financial inclusion, and microfinance specifically, as a means to achieve ‘Decent Work’ (DW) under the International Labor Organization’s (ILO) programme. Drawing upon original research findings from two types of internal migrants in Cambodia, we make a twin contention: first, that excessive levels of microfinance borrowing by garment workers are part-outcome of the failings of the DW programme to engender ‘decent enough work’, and second, that microfinance borrowing is actually eroding rather than contributing to the prospect of decent work for debt-bonded brickmakers in the country. The data presented on two of the largest sectors contributing to Cambodia’s growth in recent decades, enable the paper to show how microfinance and labour precarity are intertwined through the over-indebtedness of workers in both cases. The paper ultimately looks to caution the ILO on its current promotion of financial inclusion and microfinance in particular, stressing the need for significant sectoral reforms before this form of credit can be considered to align with the core principles of the DW programme.

AB - In this paper, we question the promotion of financial inclusion, and microfinance specifically, as a means to achieve ‘Decent Work’ (DW) under the International Labor Organization’s (ILO) programme. Drawing upon original research findings from two types of internal migrants in Cambodia, we make a twin contention: first, that excessive levels of microfinance borrowing by garment workers are part-outcome of the failings of the DW programme to engender ‘decent enough work’, and second, that microfinance borrowing is actually eroding rather than contributing to the prospect of decent work for debt-bonded brickmakers in the country. The data presented on two of the largest sectors contributing to Cambodia’s growth in recent decades, enable the paper to show how microfinance and labour precarity are intertwined through the over-indebtedness of workers in both cases. The paper ultimately looks to caution the ILO on its current promotion of financial inclusion and microfinance in particular, stressing the need for significant sectoral reforms before this form of credit can be considered to align with the core principles of the DW programme.

M3 - Article

JO - Global Public Policy and Governance

JF - Global Public Policy and Governance

SN - 2730-6305

ER -