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David Andrew Singer. Gowrie-Smith, Lachlan Ian Massachusetts Institute of Technology. Dept. of Political Science. Massachusetts Institute of Technology. Department of Political Science a-cc--- a-ii--- 2011-04-25T16:03:47Z 2011-04-25T16:03:47Z 2010 2010 http://hdl.handle.net/1721.1/62467 711888625 Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Political Science, 2010. Cataloged from PDF version of thesis. Includes bibliographical references (p. 71-76). The regulatory responses of Governments in different countries to emerging microfinance sectors have varied dramatically and as a result so have the outcomes for these sectors. As two of the fastest growing developing countries in the world over the last two decades, both with vast poor rural populations lacking access to credit, the potential demand for microfinance in India and China is enormous. Yet where the microfinance sector in India has been one of the fastest growing in the world with a diverse range of successful for-profit and non-profit microfinance institutions, the microfinance sector in China has failed to find its feet with microfinance institutions unable to attract commercial funding to expand or to achieve financial self-sufficiency. In this thesis I provide a comparative analysis of the regulatory frameworks for microfinance in China and India in order to demonstrate how the more restrictive and uncertain regulatory environment in China has hindered the development of the sector. In the next section of the thesis I bring the discussion of the regulatory frameworks into the broader political and economic contexts of the countries to answer the question: why have the Governments in India and China regulated the emerging microfinance sectors so differently? I argue that rising inequality and poverty alleviation plans conditioned the goals of the Governments for the microfinance sector and that the broader level of financial sector liberalization conditioned the feasible set of microfinance regulations for the Governments. by Lachlan Ian Gowrie-Smith. S.M. 76 p. eng Massachusetts Institute of Technology M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 Political Science. Microfinance regulation in China and India Thesis application/pdf Publication unknown unknown <Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="c5b44d3c-08e4-4efb-a3c6-6a1bf5047546"> <Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type> <Language>eng</Language> <Title>Microfinance regulation in China and India</Title> <PublishedIn> <Publication> </Publication> </PublishedIn> <PublicationDate>2010</PublicationDate> <Authors> <Author> <DisplayName>Gowrie-Smith, Lachlan Ian</DisplayName> <Affiliation> <OrgUnit> </OrgUnit> </Affiliation> </Author> </Authors> <Editors> </Editors> <Publishers> <Publisher> <DisplayName>Massachusetts Institute of Technology</DisplayName> <OrgUnit /> </Publisher> </Publishers> <License>http://dspace.mit.edu/handle/1721.1/7582</License> <Keyword>Political Science.</Keyword> <Abstract>The regulatory responses of Governments in different countries to emerging microfinance sectors have varied dramatically and as a result so have the outcomes for these sectors. As two of the fastest growing developing countries in the world over the last two decades, both with vast poor rural populations lacking access to credit, the potential demand for microfinance in India and China is enormous. Yet where the microfinance sector in India has been one of the fastest growing in the world with a diverse range of successful for-profit and non-profit microfinance institutions, the microfinance sector in China has failed to find its feet with microfinance institutions unable to attract commercial funding to expand or to achieve financial self-sufficiency. In this thesis I provide a comparative analysis of the regulatory frameworks for microfinance in China and India in order to demonstrate how the more restrictive and uncertain regulatory environment in China has hindered the development of the sector. In the next section of the thesis I bring the discussion of the regulatory frameworks into the broader political and economic contexts of the countries to answer the question: why have the Governments in India and China regulated the emerging microfinance sectors so differently? I argue that rising inequality and poverty alleviation plans conditioned the goals of the Governments for the microfinance sector and that the broader level of financial sector liberalization conditioned the feasible set of microfinance regulations for the Governments.</Abstract> <Access xmlns="http://purl.org/coar/access_right" > </Access> </Publication>