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Jun 01, 2007


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Jennifer McHenry

I had to write a rogerian paper on globalization and ended up getting a B instead of an A because, try as I might to see it from one side, I ended up writing about it's benefits and drawbacks.

I learned a bit about microloans in India this past semester and thought that was a good way to help the poor in developing countries. What do you think?

Michael W. Kruse

Sorry about the paper. Essential to prosperity is free exchange, rule of law, and well managed property rights. As per capita income increases in a region, greater demand for these things begins to emerge. I think microloans are, on balance, a helpful piece toward creating this cycle toward prosperity.

Very cool that you have been studying this stuff in school. Sounds like you have been taking some interesting classes.

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