oter

A lack of access to credit hinders economic progress from "summary" of Poor Economics by Abhijit Banerjee,Esther Duflo

Access to credit is a fundamental aspect of economic progress. Without the ability to borrow money, individuals and businesses are often unable to invest in their future. This lack of access to credit can act as a significant barrier to economic development, particularly for those living in poverty. In many cases, individuals may have innovative ideas or the desire to start a business, but without the necessary funds, these aspirations remain out of reach. Furthermore, without access to credit, individuals are often forced to rely on informal sources of financing, such as moneylenders who charge exorbitant interest rates. This can trap individuals and communities in a cycle of debt, making it difficult for ...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Do not rely on luck alone
    Do not rely on luck alone
    One of the key teachings in 'O homem mais rico da Babilônia' is the importance of not depending solely on luck to achieve succe...
    Milton Friedman's advocacy for free markets and limited government intervention influenced generations of economists
    Milton Friedman's advocacy for free markets and limited government intervention influenced generations of economists
    Milton Friedman, a prominent economist of the 20th century, left a lasting impact on the field of economics through his advocac...
    Political decisions impact divisions
    Political decisions impact divisions
    Political decisions have a profound effect on the distribution of income and wealth within societies. Indeed, the way in which ...
    Save money and invest wisely for the future
    Save money and invest wisely for the future
    To become financially secure, it is essential to understand the importance of saving money and investing it wisely for the futu...
    Continuously review and adjust your financial plan
    Continuously review and adjust your financial plan
    It is essential to always keep a close eye on your financial plan. Just like a ship's captain must constantly adjust the sails ...
    Education and continuous learning are vital for success
    Education and continuous learning are vital for success
    Learning is a lifelong journey that one must embark on to achieve success in life. Education is not limited to the four walls o...
    The pursuit of profit often conflicted with the public good
    The pursuit of profit often conflicted with the public good
    In the modern industrial society, the pursuit of profit is the primary goal of businesses. Companies strive to maximize their e...
    Surround yourself with successful people
    Surround yourself with successful people
    Surrounding yourself with successful people is one of the key principles that can help you achieve financial success. Successfu...
    Economic planning can impact resource distribution
    Economic planning can impact resource distribution
    In a market economy, resource distribution is largely determined by the forces of supply and demand. However, in a centrally pl...
    Social inequality worsens with financialization
    Social inequality worsens with financialization
    Financialization has brought about significant changes in the labor market, leading to the exacerbation of social inequality. T...
    oter

    Poor Economics

    Abhijit Banerjee

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.