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In this book Nobel Laureate Joseph Stiglitz and co-author Raaj Sah address one of development's major issues. Most of today's countries face town versus country tensions of increasing severity, including such issues as who should pay how much in taxes, who should get how much in subsidies, and...
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The existing theoretical analysis of microfinance focuses on the nature of the loan contracts that mitigates the … generation' puzzles and debates in the microfinance movement. Our analysis shows that a focus on the labor market helps explain a … number puzzling aspects of microfinance in developing countries like (i) credit-worthiness of poor women borrowers facing …
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