Post 6- Sachs vs. Easterly

Chapter 10 of Poor Economics by Banerjee and Duflo put two leading economists against each other in a pros and cons debate having to do with development aid. These leading economists they sufficiently put up against each other are Jeffery Sachs who graduated from Columbia University and William Easterly who graduated from NYU. Each economist … Continue reading Post 6- Sachs vs. Easterly


Post 6: The Opposing Views of Easterly & Sachs

All people have different views—and everyone is entitled to their own opinion. In Banerjee & Duflo’s book, Poor Economics, they discuss two opposing views regarding development aid. The first is William Easterly of New York University. Easterly explains that “the real problem of development…is not one of figuring out good policies: It is to sort … Continue reading Post 6: The Opposing Views of Easterly & Sachs

Post 5 -Microfinancing in Burkina Faso

From the beginning the innovation of microfinance has permitted poor people, typically excluded from the traditional banking system, to attain credit to develop microenterprises and build personal savings.  It has become a real means of lessening poverty by improving both peoples standard of living and their economic self-sufficiency. According to Kavita Kulkarni, the definition of … Continue reading Post 5 -Microfinancing in Burkina Faso

Post 5 | Microfinance in Namibia The basic argument for and against micro-credits that Banerjee and Duflo make is that they believe that micro-credits can end poverty but with bad credit and poor people it is difficult for people to establish the credit. They believe that if the people of Africa, India, and East Asia can see some light in … Continue reading Post 5 | Microfinance in Namibia

Post 5: The Microfinance Standpoint in Nigeria

According to Kavita Kulkarni, Microfinance is defined as “financial services including credit, savings, insurance, money transfers, etc. targeted at poor and low-income people” (Kulkarni, 2011). Clients are mainly near the poverty line and are primarily women. In Banerjee and Duflo’s book, “Poor Economics,” they discuss microfinance in detail. First, they explain how the poor don’t … Continue reading Post 5: The Microfinance Standpoint in Nigeria

Post 5 – Micro financing and Liberia

Micro finance is a financial service that includes credit, savings, insurance, money transfers, etc. that are targeted at low-income people who are either just above or below the poverty line. Most micro finance clients are self-employed entrepreneurs with household-based businesses that include small retail shops, street vending, and artisan manufacture and service provision.  Micro finance … Continue reading Post 5 – Micro financing and Liberia

Post 4 : Democracy on the come up

  In November of 2015, Burkina Faso elected a new President, Roch Marc Christian Kabore’ and a new parliament. This was accomplished in a free and competitive election. This was made possible by cheetah Kabore’ and his ‘and his movement, People’s Movement for Progress. Kabore’ and his movement foiled a coup by ousted President Blaise Compare’ … Continue reading Post 4 : Democracy on the come up