Jeffrey Tucker has a story on Mises.org [Microcredit or Macrowelfare: The Myth of Grameen Posted on 11/8/2006 ] which is skeptiical of Muhammad Yunus's success, which lacks a lot in the way of evidence, and distrusts the collectivist spirit of the Microloan administrators, who say things like
which, as he says, is "very strange" for a bank. He suggests that people in Third World countries would do better with fewer regulations preventing them from making money. (This was roughly the position of the late Peter Bauer. ) But the idea that people in Third World contries thould be able to stay home is a good one, however it's achieved. And if people do have to leave Pakistan for economic reasons, they don't have to come to America.