Hernando de Soto argues that the global credit system fails to serve the vast majority of entrepreneurs due to outdated risk measurement models. StorsApp addresses this by utilizing alternative data for credit assessments, achieving a zero default rate. The company has pivoted to focus on cross-border payments and trade finance, facilitating access to international markets for small businesses in developing regions.
Tag: economics
Public Goods and Economic Growth: Lessons from Nigeria
The author reflects on the adverse impacts of U.S. sanctions and aid on Nigeria, highlighting how foreign intervention disrupts local markets and perpetuates dependency on "free" offerings. Emphasizing the importance of a robust public sector for societal welfare, they call for accountability in U.S. policies that affect global economies, advocating for sustainable growth.

