Tag: Poor economics
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Poor Economics by Abhijit Banerjee and Esther Duflo (2)
Reviewed Date: November 23rd, 2021 The reason why we wouldn’t see successful entrepreneurs from poor backgrounds is that banks wouldn’t lend money to poor people. They are afraid that loans would go into default, leaving losses to banks. Even if the poor were able to raise capital, it wouldn’t be much to start a big…
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Poor Economics by Abhijit Banerjee and Esther Duflo
Reviewed Date: October 7th, 2021 When we hear poverty, certain images pop up in our minds—soot faces, thin bodies, no proper clothing, congested homes, innocent faces of children, and clustered slums. More than these, we think poverty means hungry. From the place we are in now, it is easy to say, “Why can’t the poor…