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What is microfinance, and how does it fit into the world-systems theory model?
Short Answer Questions. You should limit your response to one paragraph.
1. What is economic development (or the lack thereof?) How to measure it? What can we learn from the recent "success stories" in development?
Levine (2003) argues that financial sector development could ease the accessibility of external funding for firms which would enable them to invest more in their production. Therefore, value addition from firms would go up which would eventually raise economic growth. What are the possible weaknesses of this hypothesis? Answer should be short and succinct
