Month: September 2007

September 05, 2007

Globalization By Itself is Not Enough

A recent NBER paper, “Distributional Effects of Globalization in Developing Countries,” by Pinelopi Koujianou Goldberg and Nina Pavcnik examines some effects of trade liberalization on low-skill workers. Les Picker summarizes the findings, “Not surprisingly, the entry of many developing countries into the world market in the last three decades coincides with changes in various measures of inequality in these countries. Continue Reading...
September 05, 2007

Microfinance Challenged

PowerBlog has in the past endorsed the concept of micro-loans as a market-friendly and thereby effective way of aiding the poor, especially in developing countries. Now Arneel Karnani has attacked microfinance in a prestigious publication, largely on the basis of macroeconomic data. Continue Reading...
September 03, 2007

A Labor Day Benediction

Labor Day is one of those special American holidays that we all enjoy. We mark the end of summer by it, though fall doesn’t begin for several more weeks. This is the time we get back into our non-summer routines and school is now in session for most students and teachers. Continue Reading...