Monday, May 27

Here's an idea: the NY Times promotes investment & trade in poor countries in this & a story below--instead of just throwing money at them.

Although there are problems with this sort of thing. According to a recent article in the Economist, there are so many lenders offering microloans that some of them make larger and riskier loans to keep clients from moving to a competitor. As a result, more borrowers are defaulting.

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