The Way to Fight Global Poverty - Assignment Example

The Way to Fight Global PovertyDevelopment economy involves strategies and processes for improving conditions in poor countries. Banerje and Duflo explore global poverty and approaches to solving the problem and this paper offers a policy brief on the problem. The authors offer diversified ideas for solving global poverty. One of their ideas is the need for responsibility among the poor population instead of reliance on donor efforts from the rich. Another viable solution to global poverty, according to the authors, is empowerment efforts from the rich to the poor and awareness and economic empowerments are identified.

Better governance through political integrity is another solution to the global poverty and entails administration of donor aid in controlling poverty (Banerje and Duflo). Responsibility among the poor to eradicate global poverty offers hope for a solution. The authors’ randomized controlled tests identify passivity among the poor because they fear involved risks in active ventures and because of misplaced priorities that consume their resources instead of investments for higher incomes. Resource limitation is the main challenge to the solution strategy and calls for empowerment from rich people and countries.

Banerje and Duflo’s proposal for active role of the rich in poverty eradication also promises viability by resolving the poor’s limitation into activeness. Creating awareness on possible initiatives by the poor is likely to undermine fears of failure and encourage the poor. Offering economic support is also likely to improve personal initiatives among the poor because of resolved resource limitation problem. Good will and political support however challenges empowerment initiatives but the author’s third alternative offers remedy.

Better politics towards corruption free governance is likely focus on poverty eradication, instead of self-centered interests, and source for resources for the initiative and manage available resources with integrity. Integrating the three ideas is likely to succeed in eradicating global poverty (Banerje and Duflo).The authors’ ideas identify hope in solving the global poverty problem and identify the need for professional attention to the problem. The profession should attract different stakeholders, research on strategies for implementing the ideas, and influence and involve the stakeholders fighting global poverty.

Works citedBanerje, Abhijit, and Duflo, Esther. Poor economics: A radical rethinking of the way to fight global poverty. New York, NY: PublicAffairs, 2011. Print.