The Nature of Poverty (Revised Edition)

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

They were once described as the white man's burden and victims of weak countries and bad governance.
They are the bottom billion people, living below the poverty line of $0.99 a day.
Trillions of dollars in aid have failed to save them from the dire situation.
They are still trapped in poverty, with an uncertain future...
Why poverty?
Why do they buy televisions when they can't even get enough to eat? Why do their children not learn even when they're in school? Why do they forgo free health benefits and instead pay for medicine? Why can they start a business but struggle to maintain it? Why do most people find microcredit and banks for the poor ineffective?
Over the past 15 years, in order to understand why poverty exists and what specific problems poverty causes, which in turn keep the poor trapped in the "poverty trap" from which they cannot escape, the two authors have delved into the world of the poor in many countries on five continents, investigating the 18 countries and regions with the highest concentration of poor people, and exploring the true roots of poverty from many aspects of their daily lives, including education, health, entrepreneurship, aid, government, and NGOs.
The book also rethinks popular views on poverty, such as the idea that more aid leads to greater dependency and that external aid is ineffective. They point out that poverty alleviation policies over the years have largely failed due to a lack of a deep understanding of poverty and the misuse of resources. Drawing on numerous case studies, they offer practical suggestions, identifying proven poverty alleviation solutions, and providing important guidance for policymakers, philanthropists, politicians, and all those who seek to alleviate poverty worldwide.

2018-09-01

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