Global Assets Project

Archives: Global Assets Project Articles and Op-Eds

Can California Import a British Plan?

  • By
  • Anne Stuhldreher,
  • Ray Boshara,
  • New America Foundation
August 1, 2006 |

Prime Minister Tony Blair swings through California next week to enjoy some down time with Governor Schwarzenegger and First Lady Maria Shriver. No doubt he’ll want to take a break from a string of bad press in the U.K. Let’s hope he and the Governor find time to talk about one of his quiet but groundbreaking successes that holds great promise for California -- Blair’s new program to give every child a stake in Great Britain’s economic future.

Combating Poverty by Building Assets

  • By
  • Ray Boshara,
  • Jamie M. Zimmerman,
  • New America Foundation
June 1, 2009 |

A child in Uganda, orphaned when his parents died of AI DS, is off the streets and avoiding AI DS himself by saving money for secondary school with the support of the innovative Suubi project, which provides poor children with Child Development Accounts. In China's western Xinjiang region, a poor rural farmer sees his "dead," or untouchable, pension savings become "live," or usable income-producing assets, thanks to the work of a visionary local government bureaucrat.

What the Poor Can Teach the Rich at G-20

  • By
  • Jamie M. Zimmerman,
  • New America Foundation
April 1, 2009 |

This week's G-20 summit is essentially an echo chamber for the world's wealthy to talk macrofinance. The world economy might rebound more quickly if they listen to what the poor have to say about microfinance.

Green: The Unofficial Color of the New Millennium

  • By
  • Leila Seradj,
  • New America Foundation
January 1, 2009 |

With "green" on everyone's tongues, it was only a matter of time before the question of environmentally-friendly practices arose in microfinance.  Practitioners and microfinance partner groups have focused their efforts on asking questions about the impact of microfinance clients on the natural environment.  I, on the other hand, can't help but wonder if we should be asking what microfinance can do to protect the most vulnerable from environmental woes brought about by climate change. 

How Microloans Change the Lives of Millions

  • By
  • Shweta Banerjee,
  • New America Foundation
October 26, 2009 |

A recent op-ed in the Boston Globe argues that microlending "doesn't actually do much to fight poverty" and that it may be time to "think macro rather than micro." Maybe the hype surrounding microcredit as a panacea for everything from poverty to discrimination is undeserved. But debunking the whole bottom-up, micro approach on the basis of two unpublished papers is not just premature, but dangerous. Macro, trickle-down developmentpolicies have rather effectively kept billions of people poor for decades.

Savings for What?

  • By
  • Jamie M. Zimmerman,
  • Ray Boshara,
  • New America Foundation
May 8, 2007 |

Q: Asset building is still relatively new to many working in microfinance. Can you give readers a quick primer on this concept?

CrossFire on Microfinance

  • By
  • Jamie M. Zimmerman,
  • New America Foundation
  • and Sam Daley-Harris
June 9, 2009 |

ABSTRACT: In our regular debate between two experts, Crossfire invites Sam Daley-Harris and Jamie Zimmerman to argue the case surrounding: 'Microfinance does not usually serve the very poor, for whom it can represent a route into debt rather than a way out of poverty'.

Click here for the full article.

Opinion: How to Teach Kids Money Matters

  • By
  • Jamie M. Zimmerman,
  • New America Foundation
February 26, 2010 |

With all the focus on health care this week, it would be easy to overlook an event in Washington that could ultimately make a significant difference in the financial future of our country's next generation.

With little fanfare, a bipartisan bill -- yes, you heard that right -- was introduced in the House of Representatives that would set up savings accounts for every newborn in the country and seed them with $500. It seems like a small idea, but it's potential is huge if it helps turn around a silent crisis in the U.S. -- financial illiteracy.

The Potential of Asset-Based Development Strategies for Poverty Alleviation in Sub-Saharan Africa

  • By
  • Fred Ssewamala,
  • Jamie M. Zimmerman,
  • New America Foundation
  • and Leyla Karimli, Columbia University and Elizabeth Sperber, Columbia University

ABSTRACT: This article explores the potential of a relatively new approach to social development as a poverty alleviation strategy in Sub-Saharan Africa (SSA): asset-based development, an integrated approach to human, social, and economic capital formation. It considers the theoretical framework guiding asset-based development and the accompanying set of programmatic and policy-level tools for poverty alleviation in SSA.

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