Monthly Archives: October 2010

The Changing Microfinance Industry in India

When most people think of microfinance (which most people do not), they envision a poor person in a faraway country borrowing a few bucks to buy a goat.  In an article titled “Microlender Forecloses on Goat,” The Onion proves once … Continue reading

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Rainfall as a Predictor of Democracy

From the National Bureau of Economic Research, an organization reviled by Fox News, comes a fascinating paper.  Two economists suggest that the volume of rainfall in a certain location determines whether a democratic government will be successful.  It is actually … Continue reading

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Osama Bin Laden Tells Bono to Shove it

Within the aid and development community, there are two camps whose views on the subject are diametrically opposed.  One side, led by economist Jeffrey Sachs and indie rock star Bono (one name), believes in a top-down approach, providing governments with … Continue reading

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Government is a Prerequisite for Hope in Haiti

The other day I had the chance to hear Michael Schlein speak about microfinance.  Schlein is the current CEO of Accion, one of the largest microfinance organizations in the world, serving over 150 million clients in during its history.  It … Continue reading

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ShoreBank: A Banker to the Poor Goes Bust

ShoreBank is a Chicago-based financial institution that was founded on the principle that everyone deserves access to financial services and that, by offering these services to the urban poor, the community will benefit.  Sound familiar?  Its mission is very much … Continue reading

Posted in Development Economics, Foreign Policy | Tagged , , , , , , , | 4 Comments