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The Economics of Microfinance.
The Economics of Microfinance
Beatriz Armendariz and Jonathan Morduch Cambridge, Mass.: MIT Press, 2007, 360 pp. It is one of the sad facts of recent human history that the economic prosperity enjoyed by so many remains unknown to most of the rest. The causes of poverty have long been debated and much has been spent in the effort to ameliorate it. Reliable estimates suggest as much as $2.3 trillion has been spent over the last several decades, most of it in the form of sponsored aid programs conceived and ...See the full content of this document
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