CGD in the News
Lin roundtable: Explaining shortcomings (Economist Blog: Free Exchange)
July 13, 2009
The Economist Free Exchange blog published CGD senior fellow Liliana Rojas-Suarez's response to a recent roundtable discussion hosted by World Bank Chief Economist Justin Lin.
From the article:
"JUSTIN LIN argues that the size and sophistication of financial institutions and markets in the developed world are not appropriate in low-income markets; but he has nothing to worry about because deep banking systems and sophisticated capital markets simply don’t exist in the large majority of developing countries and nothing signals a departure from this trend in the foreseeable future."
