Author Archives: Josh Weinstein

Oil Drilling in the Niger Delta

In a little-known story from the southeastern United States, a large oil rig recently exploded in the Gulf of Mexico, releasing a nominal amount of mildly polluting oil into ocean, killing a few birds and galvanizing retirees in Florida – … Continue reading

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Why Children Become Soldiers

“He should be in school,” said Awil’s commander, Abdisalam Abdillahi. “But there is no school.” This is a topic I admittedly do not know too much about, so any discussion about it will be academic and speculative.  But I have … Continue reading

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The Upside of Imperialism: Neo-Colonialism as a Strategy

A while back, I discussed why China had been so successful at poverty alleviation during the 1980’s and 1990’s.  I surmised that it had something to do with China’s embrace of “state capitalism.”  In a recent article in the Atlantic … Continue reading

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Carbon Credit Financing in the Developing World

I am in the process of researching an article about the impossibly complex topic of using carbon credits to finance small-scale energy ventures in the developing world.  The experience reminds me of a religion course I took in college on … Continue reading

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Where's My Money, Fool: Conditional Cash Transfers

In this journal, I have discussed the different structural problems that a country faces in improving things like education, healthcare, and the economy overall.  A strong education system requires an adequate number of schools and teachers.  Likewise, good public health … Continue reading

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Why Government Microfinance Doesn't Work

One of the reasons a lot of people find microfinance attractive is that it is a fundamentally capitalist approach to economic development.  Done right, it can be sustainable and even profitable.  By focusing on a social mission, successful microfinance institutions … Continue reading

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The "Entrepreneur Myth" Myth

Muhammad Yunus, the godfather of microfinance, contends that everyone is an entrepreneur.  And microfinance is about individual economic empowerment, built on the premise that credit is both a human right and a path to economic freedom.  This reading has been … Continue reading

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Filler: Links of the Week

Maintaining a self-described journal of economics and development is not easy work, particularly for someone such as myself who knows little about either subject and is engaged in a Madoff-esque Ponzi scheme of information, feeding you, the reader, the bare … Continue reading

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Competition, Saturation, Interest Rates, and Microfinance

CGAP, the World Bank’s microfinance arm, turns 15 this year, having been formed ten years prior to Muhammad Yunus winning the Nobel Peace Prize.  In commemoration, Alexis LaTortue, the CEO of CGAP, wrote a summary of the state of the … Continue reading

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The Movers vs. The Shakers: The Microfinance Debate

In the noisy echo chamber of the development community, there are a lot of arguments for (emphatically) and for (tentatively) microfinance as a tool of poverty.  The debate surrounds a series of experimental studies questioning the impact of microfinance in … Continue reading

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