Rationally Speaking #136 - David Roodman on Why Microfinance Won't Cure Global Poverty

Summary: Can we pull the world's poor out of poverty by giving them access to financial services? This episode features a conversation with economist David Roodman, formerly a fellow at the Center for Global Development and senior advisor to the Gates Foundation, currently senior advisor to the Open Philanthropy Project, and the author of Due Diligence: An Impertinent Inquiry into Microfinance. Roodman casts a critical eye on the hype about microfinance as a panacea for global poverty. He and Julia explore why it's hard to design a good study, even a randomized one; three different conceptions of "development,"; and why Goodman doesn't think we should give up on microfinance altogether.