knowledge.wharton.upenn.edu/article.cfm?articleid=1576& -
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Published on: 10/18/2006
Last Visited: 3/16/2007
The finance conference, "Creating Value in a Global Economy," focused on the state of what moderator Keith Weigelt, Wharton management professor, jokingly called, "the good side of capitalism."
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Weigelt noted that the microfinance curriculum at Wharton started as "a student-driven initiative three years ago."The key question, said Weigelt, is: "How do you stick to 'the double bottom line?'" -- profitability and social responsibility.
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In contrast, according to Weigelt, banks in the Middle East "often have absolutely no mechanism to assess risk and this makes them more dependent on subsidies."