September 25, 1998
'Revolutionary' Textbook in Development Economics Takes Field by Storm
Debraj Ray wins praise for incorporating new theoretical approaches and for not oversimplifying the material
In a developing nation that has no formal credit records, lenders will hesitate to trust money to small-scale farmers or entrepreneurs. That stands to reason: The lenders may know nothing about the likelihood of the borrowers' repaying the debts.
The problem, at base, is a deficit of
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Administration
-
The Chronicle Review
-
Short Subjects
