The paper takes as its objective context the growing disparity in the distribution of Foreign Direct Investment (FDI) among the developing nations. While FDI in the developing world has grown fairly rapidly since the late 1980s, a disaggregated analysis demonstrates a considerable imbalance at...

Purpose – The purpose of this paper is to analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance...