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Study of microcredit finds generally positive, but not transformative, impacts

By Guest PostMay 16, 2013Economyanti poverty initiatives, bank, bill, central mexico, compartamos banco, credito mujer, dartmouth college, dean karlan, economist, grameen bank, jonathan zinman, manuela angelucci, market capitalization, melinda gates foundation, Mexico, microcredit, microcredit program, muhammad yunus, nobel peace prize, poverty, poverty action, sonora state, ultra poor, university of michigan, yale university

Microcredit generally benefits borrowers, according to new research focused on Mexico’s biggest for-profit microlender — but it’s not lifting people out of poverty.

In a multi-year, randomized evaluation of microloans provided by Compartamos Banco, Yale University economist Dean Karlan, with collaborators Manuela Angelucci of the University of Michigan and Jonathan Zinman of Dartmouth College, show there are generally positive effects on average and find little evidence that some borrowers end up worse off while others end up better off. However, the canonical story that microcredit leads to higher enterprise income did not bear fruit. (more…)

On governance and leadership in Africa

By Guest PostMay 10, 2013Economy, Politicsan african perspective, celtel international, civil society, coca cola, governance, governance in africa, leadership in africa, mo ibrahim, mo ibrahim foundation, mobile telephone, private sector, world fund, yale lecture

Mo Ibrahim, founder of Celtel International, one of Africa’s leading mobile telephone companies, gave the Coca-Cola World Fund at Yale Lecture, “Governance, Leadership, Civil Society, and the Private Sector: An African Perspective,” on April 23. Ibrahim is also the founder of the Mo Ibrahim Foundation to improve the quality of governance in Africa. *Source: Yale […]

Diversity programs give illusion of corporate fairness, study shows

By Guest PostApril 12, 2013Economybrenda major, cheryl kaiser, civil rights law, discrimination complaints, diversity programs, diversity statement, diversity training programs, jenessa shapiro, laura brady, rational assumptions, santa barbara, tessa dover, university of california, university of washington, work environments, workplace diversity programs

Diversity training programs lead people to believe that work environments are fair even when given evidence of hiring, promotion or salary inequities, according to new findings by psychologists at the University of Washington and other universities.

The study also revealed that participants, all of whom were white, were less likely to take discrimination complaints seriously against companies who had diversity programs. (more…)

Power of integrity

By Guest PostMarch 30, 2013Economybarbados group, efficiency, eugene fama, fortune magazine, harvard university, hidden moonwalking bear, hidden power, hutchinson lecture, michael jensen, normative virtues, positive theory, power of integrity, productivity, robert merton, university of chicago, university of delaware, veil of invisibility, violation

Hutchinson Lecture features financial economics expert Jensen

It can be easy to miss what’s right in front of you, said Michael Jensen as he shared an awareness test video of basketball players and a “hidden” moonwalking bear in the opening of the 23rd annual Hutchinson Lecture last week at the University of Delaware.

“In effect, integrity is the unforeseen bear in our lives and my intention is to shift the parts of our world group, our frames of reference, relevant to our view of integrity so that we see it differently, in fact as it is, or much closer to what it is,” said Jensen, who presented “The Hidden Power of Integrity and Access to Vast Increases in Performance.” (more…)

Now Online: A Century of Women’s Entrepreneurialism

By Guest PostMarch 28, 2013Economy, Technologyamerican women, corporate conscience, entrepreneurship, female entrepreneurship, microsoft technology, women entrepreneurs, women in business, women owned businesses

Microsoft partners with the U.S. National Women’s History Museum to launch an exhibit examining the journey of American women who have started businesses over the last century.

REDMOND, Wash. – March 28, 2013 – At Microsoft, advocating for women in business is rooted in the corporate conscience, along with the belief in women’s power to blaze trails and shape their own destinies through entrepreneurship. In recognition of March commemorating both International Women’s Day and National Women’s History Month in the United States, Microsoft is shining a light on the stories of women entrepreneurs around the world and showcasing how technology has played a transformative role in enabling entrepreneurship. (more…)

‘I sold my kidney … to repay the loans’

By Guest PostMarch 18, 2013Economy, Healthblack market, human organ traffickers, microcredit loan, organ trafficking, sell an organ, selling a kidney, united states, village near joypurhat

Selling a kidney or part of one’s liver to pay off loans is becoming increasingly common in Bangladesh, where desperate villagers are being exploited by human organ traffickers, a Michigan State University researcher has found. (more…)

Business Leaders Share Insights on U.S.-China Relations

By Guest PostMarch 9, 2013Economyamerican, capital from china, cef, China, china economic forum, chinese, chinese investors, company, dual engines, global growth, globalization, jeffrey sonnenfeld, klaus kleinfeld, lester crown professor, mingqiang bi, morgan stanley asia, panel discussion, peter schott, relation, stephen roach, united states, US, x rick niu, yale som, yale student organization, yingqi tan

Developing globalization strategies for American and Chinese companies was the topic of a panel discussion at Yale on March 2. Titled “China and the U.S. — Dual Engines of Global Growth,” the event was hosted by China Economic Forum (CEF), a Yale student organization.

Jeffrey Sonnenfeld, senior associate dean for executive programs and the Lester Crown Professor in the Practice of Management at the Yale School of Management (Yale SOM), delivered opening remarks at the panel discussion, which was moderated by Peter Schott, professor of economics at Yale SOM. (more…)

Student Loans Help Women More than Men in Reaching Graduation

By Guest PostMarch 2, 2013Economy, Educationaccount, chances of graduation, debt, demographic factors, ethnicity, graduation from college, laura mccloud, parental household income, probability of graduation, race, rachel dwyer, randy hodson, student loans, women, young americans

Women Need College Degree More to Get Good Job

COLUMBUS, Ohio – Student loans provide more help to women than they do for men in encouraging graduation from college, a new nationwide study reveals.

Findings showed that, on average, taking out loans actually makes graduation more likely for all students. But at a certain point – which is about $2,000 lower for men than for women – debt has diminishing returns and becomes less effective at boosting chances of graduation. (more…)

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