While more than 85% of respondents indicate that they want to access financial services from formal financial institutions, majority of them still borrow from family, friends and informal lenders. Banks as source of borrowing stood only at 4.4. 5.
There is no clear hegemon any more able to centrally steer the process. Second, the 2008 global financial and economic crisis has made more visible the gap between power and politics created by globalisation.7 As interdependences and international spillovers have steadily grown, power, i.e.