The NYTimes finds a clear link between subprime lending and race inequality in America, suggesting even in developing countries the availability of credit, by itself, is no solution to poverty.
YaleGlobal’s Bardhan suggests China and India’s poverty reduction miracle may have less to do with economic growth and globalization than previously thought.
I have written a lot recently on inequality - in India and in Asia. The basic point has been the same - that inequality is bad from a social and moral point, but (as the ADB argues in its report on Asia) also from an economic point of view. In the same vien I pulled [...]