Category: Development Economics

By Manav KhindriIllustration by Keo Morakod Ung Microfinance was long touted as the future of solving the developing world’s poverty problem. Defined as the process of lending small amounts of money to people deemed too poor for bank credit or other traditional forms of borrowing, microfinance was tipped as a powerful tool to spark local…

By Prachi SarafIllustration by Keo Morakod Ung Digital India and the United Payments Interface (UPI) India has been harnessing technology to transform its economy and foster interconnectedness. The rise in India’s IT service exports underscores its emergence as a global technology and innovation hub (EY, 2023). These sectors have contributed to economic growth and helped…

By Prachi SarafIllustration by Keo Morakod Ung An Overview of International Aid Today International aid is a key tool through which developed countries can provide support to developing countries in navigating issues they are not able to deal with independently. Aid can be divided into two main categories: 1)  Humanitarian aid, provided as a response…