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The Way to Fight Global Poverty - Assignment Example

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In the paper “The Way to Fight Global Poverty” the author offers diversified ideas for solving global poverty. One of the ideas is the need for responsibility among the poor population instead of reliance on donor efforts. Another viable solution is empowerment efforts from the rich to the poor…
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The Way to Fight Global Poverty
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The Way to Fight Global Poverty

Download file to see previous pages... Better governance through political integrity is another solution to the global poverty and entails administration of donor aid in controlling poverty (Banerjee 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. Banerjee and Duflo’s proposal for an active role of the rich in poverty eradication also promises viability by resolving the poor’s limitation into activeness. Creating awareness of 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. Goodwill and political support, however, challenge empowerment initiatives but the author’s third alternative offers the remedy. Better politics towards corruption free governance is likely to 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 (Banerjee and Duflo).
 The authors’ ideas identify hope in solving the global poverty problem and identify the need for professional attention to the problem. ...Download file to see next pagesRead More
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