Beyond Ending Poverty


Book Description

The recent past has witnessed phenomenal growth in MFIs around the world. Today as many as 200 million people are beneficiaries of microfinance. Given its worldwide attention, microfinance has received serious criticism, including the argument that it is a fad with less-than-expected benefits for the poor. Surely, microfinance is not without any pitfalls. Yet the premise of improving access to financial services for consumption smoothing by the poor has never been a subject of controversy. What has been controversial is whether microfinance can alleviate poverty. That the poor lack an effective and affordable alternative financing mechanism to support income generation does not necessarily mean microfinance is a panacea since it involves entrepreneurial skills, which many poor lack. It is little wonder that studies evaluating the benefits of microfinance have produced conflicting results. Of course, study findings are contextual: They are positive in conducive environments and less so in unfavorable ones. Microfinance must be distinguished from anti-poverty schemes (e.g., conditional cash transfers) because benefits from microfinance-supported activities, which involve participants’ entrepreneurial skills and ability, take time to realize. This book using household long panel survey of 1991/92-2010/11 from Bangladesh addresses some of criticisms—including whether pushing microfinance has made it redundant as a tool for poverty reduction—while investigating whether it still matters for the poor after two decades of extensive growth. The book’s findings confirm the positive effects of continued borrowing from a microfinance program. Despite a manifold increase in microfinance borrowing, loan recovery has not declined and long-term borrowers are not trapped in poverty or debt. Interest rates charged by MFIs are not too high for realizing returns on investment, although the MFIs have scope for lowering them. The book is expected to contribute to the ongoing debate on the cost-effectiveness of microfinance as a tool for inclusive growth and development. It is expected to fill knowledge gaps in understanding the various virtues of microfinance against its portrayal as having drifted from its original poverty-reduction mission.




Psychology, Poverty, and the End of Social Exclusion


Book Description

Laura Smith argues that if there is any segment of society that should be concerned with the impact of classism and poverty, it is those within the “helping professions”—people who have built their careers around understanding and facilitating human emotional well-being. In this groundbreaking book, Smith charts the ebbs and flows of psychology’s consideration of poor clients, and then points to promising new approaches to serving poor communities that go beyond remediation, sympathy, and charity. Including the author’s own experiences as a psychologist in a poor community, this inspiring book: Shows practitioners and educators how to implement considerations of social class and poverty within mental health theory and practice.Addresses poverty from a true social class perspective, beginning with questions of power and oppression in health settings.Presents a view of poverty that emerges from the words of the poor through their participation in interviews and qualitative research.Offers a message of hope that poor clients and psychologists can reinvent their relationship through working together in ways that are liberating for all parties. Laura Smith is an assistant professor in the department of Counseling and Clinical Psychology at Teachers College, Columbia University. “Gripping, heartbreaking, and ultimately hopeful, [this]is an impassioned charge to mental health professionals to advocate in truly helpful ways for America’s poor and working-class citizens . . . beautifully written and structured in a way that provides solid information with digestible doses of in-your-face depictions of poverty . . . Smith’s appeal to the healing profession is a gift. She envisions a class-inclusive society that shares common resources, opportunities, institutions, and hope. Smith’s book is a beautiful, chilling treatise calling for social change, mapping the road that will ultimately lead to that change. . . . This inspired book . . . is not meant to be purchased, perused, and placed on a shelf. It is meant to be lived. Are you in?” —PsycCRITIQUES magazine “Smith does not invite you to examine the life of the poor; she forces you to do it. And after you do it, you cannot help but question your practice. Whether you are a psychologist, a social worker, a counselor, a nurse, a psychiatrist, a teacher, or a community organizer, you will gain insights about the lives of the people you work with.” —From the Foreword by Isaac Prilleltensky, Dean, School of Education, University of Miami, Florida “This groundbreaking book challenges practitioners and educators to rethink dominant understandings of social class and poverty, and it offers concrete strategies for addressing class-based inequities. Psychology, Poverty, and the End of Social Exclusion should be required reading for anyone interested in economic and social justice.” —Heather Bullock, University of California, Santa Cruz




The End of Poverty


Book Description

"Book and man are brilliant, passionate, optimistic and impatient . . . Outstanding." —The Economist The landmark exploration of economic prosperity and how the world can escape from extreme poverty for the world's poorest citizens, from one of the world's most renowned economists Hailed by Time as one of the world's hundred most influential people, Jeffrey D. Sachs is renowned for his work around the globe advising economies in crisis. Now a classic of its genre, The End of Poverty distills more than thirty years of experience to offer a uniquely informed vision of the steps that can transform impoverished countries into prosperous ones. Marrying vivid storytelling with rigorous analysis, Sachs lays out a clear conceptual map of the world economy. Explaining his own work in Bolivia, Russia, India, China, and Africa, he offers an integrated set of solutions to the interwoven economic, political, environmental, and social problems that challenge the world's poorest countries. Ten years after its initial publication, The End of Poverty remains an indispensible and influential work. In this 10th anniversary edition, Sachs presents an extensive new foreword assessing the progress of the past decade, the work that remains to be done, and how each of us can help. He also looks ahead across the next fifteen years to 2030, the United Nations' target date for ending extreme poverty, offering new insights and recommendations.




A Measured Approach to Ending Poverty and Boosting Shared Prosperity


Book Description

"This Policy Research Report was prepared by the Development Economics Research Group of the World Bank by a team led by Dean Jolliffe and Peter Lanjouw"--Page xiii.




Beyond Ending Poverty


Book Description

The recent past has witnessed phenomenal growth in microfinance institutions (MFIs) around the world. Today, as many as 200 million people are beneficiaries of microfinance. With its worldwide attention, microfinance has also received serious criticism, including that it is a fad with less-than-expected benefits for the poor. Surely, microfinance is not without limitations. Yet the premise of improving access by the poor to financial services for consumption smoothing has never been a subject of controversy. What has been controversial is whether microfinance can alleviate poverty. That the poor lack an effective and affordable alternative financing mechanism to support income generation does not necessarily mean microfinance is a panacea, since it involves entrepreneurial skills, which many poor people lack. It is little wonder that studies evaluating the benefits of microfinance have produced conflicting results. Study findings are contextual: They are positive in conducive environments and less so in unfavorable ones. Microfinance must be distinguished from antipoverty schemes (e.g., conditional cash transfers) because benefits from microfinance-supported activities, which involve participants' entrepreneurial skills and ability, take time to be realized. Beyond Ending Poverty: The Dynamics of Microfinance in Bangladesh uses household long panel surveys from 1991/92 to 2010/11 in Bangladesh to address some of the criticisms of microfinance--including whether pushing microfinance has made it redundant as a tool for poverty reduction--while investigating whether it still matters for the poor after two decades of extensive growth. The book's findings confirm the positive effects of continued borrowing from microfinance programs. Despite a substantial increase in microfinance borrowing, loan recovery has not declined and long-term borrowers are not trapped in poverty or debt. Interest rates charged by MFIs are not too high for realizing returns on investment, although the MFIs have scope for lowering them. Beyond Ending Poverty is expected to contribute to the ongoing debate on the cost-effectiveness of microfinance as a tool for inclusive growth and development. The book is expected to fill knowledge gaps in understanding the various virtues of microfinance against its portrayal as having drifted from its original poverty-reduction mission.




The Role of Trade in Ending Poverty


Book Description

The Role of Trade in Ending Poverty looks at the complex relationships between economic growth, poverty reduction and trade, and examines the challenges that poor people face in benefiting from trade opportunities. Written jointly by the World Bank Group and the WTO, the publication examines how trade could make a greater contribution to ending poverty by increasing efforts to lower trade costs, improve the enabling environment, implement trade policy in conjunction with other areas of policy, better manage risks faced by the poor, and improve data used for policy-making.




A Measured Approach to Ending Poverty and Boosting Shared Prosperity


Book Description

In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country. While poverty reduction has been a mainstay of the World Bank s mission for decades, the Bank has now set a specific goal and timetable, and for the first time, the Bank has explicitly included a goal linked to ensuring that growth is shared by all. The discussion until now has centered primarily on articulating the new goals. This report, the latest in World Bank s Policy Research Report series, goes beyond that and lays out their conceptual underpinnings, discusses their relative strengths and weaknesses by contrasting them with alternative indicators, and proposes empirical approaches and requirements to track progress towards the goals. The report makes clear that the challenges posed by the World Bank Group s new stance extend not just to the pursuit of these goals but, indeed, to their very definition and empirical content. The report also argues that an improved data infrastructure, consisting of many elements including the collection of more and better survey data, is critical to ensure that progress towards these goals can be measured, and policies to help achieve them can be identified and prioritized.




Ending Global Poverty


Book Description

Over 800 million people suffer from chronic hunger, and over ten million children die each year from preventable causes. These may seem like overwhelming statistics, but as Stephen Smith shows in this call to arms, global poverty is something that we can and should solve within our lifetimes. Ending Global Poverty explores the various traps that keep people mired in poverty, traps like poor nutrition, illiteracy, lack of access to health care, and others and presents eight keys to escaping these traps. Smith gives readers the tools they need to help people overcome poverty and to determine what approaches are most effective in fighting it. For example, celebrities in commercials who encourage viewers to "adopt" a poor child really seem to care, but will sending money to these organizations do the most good? Smith explains how to make an informed decision. Grass-roots programs and organizations are helping people gain the capabilities they need to escape from poverty and this book highlights many of the most promising of these strategies in some of the poorest countries in the world, explaining what they do and what makes them effective.




Sustainable Impact


Book Description

The world has changed rapidly over the past decades. These changes havemade eradicating global poverty more challenging than ever.In a comprehensive guidebook,Laina Raveendran Greene, Audrey Tan and Lizzy Hawkinsthreepassionate female social entrepreneursshare their thoughtsonthefeminisation of poverty where women end upasvictimsand show that when enabled, womencan take on the powerful role of changeagents. They challenge us tomove beyond the unconscious bias of seeing women as capable of receiving only microfinanceloansto viewingwomenascapable of receiving larger funding,and presentdatathatshowswomen are good investments. The authors lead us on a journey of hope where they encourage us to solve problems empathetically; embrace grassroots human-centric solutions; initiatesystemicchange; support a world of purpose-driven businesses, and help build a newparadigmof capitalism where people and purpose are more important than a sole focus on profit.Incorporated in the bookis a careful examination of the old models of charity and donations juxtaposed against the promise that purpose-driven social enterprises hold in eradicating poverty. Sustainable Impact: How Women Are Key to Ending Povertyoffers eye-opening insight and practical advicethatseeks tomotivate everyone to help make a better world and do our part to eliminate global poverty.




Poverty Reduction and Beyond


Book Description

This book highlights strategies for poverty reduction in developing countries, with emphasis on the power of the market mechanism and vigor of the private sector, focusing ODA on a few longer term challenges and leveraging advances in technology to the fullest, and underlining the importance of human rights and security.