Microfinance: The Next Bubble? (Newsweek Blog)

A Newsweek blog features CGD research fellow David Roodman's research on microcredit.

From the article:

"Two U.S. economists--David Roodman, of the Center for Global Development, and Jonathan Morduch, of New York University--recently reran the numbers on microfinance’s heralded miracles and came away with a much murkier picture. After reviewing seminal studies on microcredit in Bangladesh, they concluded in a working paper that while microcredit is not hurting people, there is also no hard evidence that it is helping them much."

Read the article