small business
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In Small-Business Lending, Technology Hasn’t Replaced Face-to-Face Contact
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Technological advances in information processing have dramatically transformed consumer banking. Americans today can apply for home mortgages, credit cards and bank accounts without ever stepping foot in a bank branch. Indeed, these advances have rendered the local bank branch obsolete for many, with in-branch visits accounting for only a small…
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The Impact of Financing on Labor Markets in Developing Countries
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Most firms in today’s economy are dependent on financial services such as lending or insurance. Developed countries are at the forefront of financial availability in terms of both institutions and regulations. By ensuring broad access to finance, countries provide support to the firms that operate within their borders, supporting economic…