Davos Leaders Should Look to Microfinance

Jan 28, 2009 — Alex Raksin on Huffington Post: When the World Economic Summit convened today in Davos…among the top, as yet unanswered questions was, “What will provide [future] growth?,” and as the summit’s chairman and founder, Klaus Schwab, asked, “Where should leaders look to find a new “transformative vision for international finance”?

The answer to the last question seems to me to be obvious, even though it’s admittedly in one of the last places mainstream economists would have looked before the crash: to microfinance. (full article)