When history repeats itself, the first time is a tragedy; the next is a farce.…
Microfinance and the Challenge of Financial Inclusion for Development Jayati Ghosh
The author reviews the effectiveness of microfinance in developing countries by studying the experience of the state of Andhra Pradesh in India.
Microfinance (Download the full text in PDF format)
(This article was originally published in the Cambridge Journal of Economics 2013, 1 of 17.)