The Rich Borrow and the Poor Repay

March 17, 2009 (L’Express.fr) In a study directed by the economist Jonathan Murdoch, to be published in April 2009, a very concrete, in-depth vision of the world’s poorest workers emerges. At a time when we are speaking of so many millions of dollars, and even thousands of millions, it is interesting to take an interest in the real life of real people. From 2000 to 2005, having analyzed more than 250 precarious households (who earn less than $2 a day, the threshold for poverty designated by the World Bank) in India to Bangladesh and in South Africa, these economists are describing for the first time the usage of the rare money that these people have. (full article)