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Discussion based on Abhijit Banejee and Esther Duflo's readings - Assignment Example

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This paper aims to present my review of two readings including “The Economic Lives of the Poor” and a chapter from the book, ‘Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty’ by Abhijit Banerjee and Esther Duflo. Furthermore, a discussion will be…
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Discussion based on Abhijit Banejee and Esther Duflos readings
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Discussion based on Abhijit Banejee and Esther Duflo's readings

Download file to see previous pages... Living under such harsh conditions make it difficult to have access to the basis necessities of live, which puts a question mark on their ability to survive. The available evidence on this is not complete in many ways. However, some new researches have recently added a sufficient amount data on this huge part of the global population, which provide enough information to form an understanding on how the poor people live their lives.
The assigned report details of a survey that was conducted in 13 different countries (Banerjee and Duflo). In addition, they have added two surveys, which were conducted in India (Udaipur District), which is one of the poorest districts of India.
It is understood that there is a strong association between poverty and malnutrition. The poor has few real choices to make. Their earning is barely enough to fulfill their basic needs and therefore, they are majorly underfed and weak. The authors also highlight that one of the major reasons for the poor to spend the lowest on their food is that they often give more importance to other obligations or activities rather than for acquiring food. The study by authors indicates that the poor spend a lot on alcohol and tobacco in different countries such as Papua, New Guinea, and India. According to the survey, Udaipur tops the list of being on the poorest districts of India, which spends highest on festivals. People feel an obligation to spend a large amount of their budget on occasions like weddings, funerals, and other religious festivals. They choose to spend more on non-food items and festivals than on food. Moreover, the extremely poor rarely spend on entertainment. Another interesting finding from the study reflects that these people do not seem to be as hungry as one may expect.
It is a common understanding that the poor will always search for ways to fulfill their food needs in the least expensive way. ...Download file to see next pagesRead More
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