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Economy
In reply to the discussion: Weekend Economists Dab on some Prince Machiavelli May 31-June 2, 2013 [View all]Demeter
(85,373 posts)27. The Best and Simplest Way to Fight Global Poverty By Matthew Yglesias
http://www.slate.com/articles/business/moneybox/2013/05/unconditional_cash_transfers_giving_money_to_the_poor_may_be_the_best_tool.html
Proof that giving cash to poor people, no strings attached, is an amazingly powerful tool for boosting incomes and promoting development.
Poverty is, fundamentally, a lack of money. So doesnt it make sense that simply delivering cash to poor people can be an effective strategy for alleviating it?
Transferring money to poor Americans has been a much bigger success than most of us realize. When it comes to the global poorthe hundreds of millions of slum-dwellers and subsistence farmers who still populate the worldone might be more skeptical. Perhaps the problems facing these unfortunates are simply too profound and too complex to be addressed by anything other than complicated development schemes. Well, perhaps.
But theres striking new evidence that helping the truly poor really is as simple as handing them money. Money with no strings attached not only directly raises the living standards of those who receive it, but it also increases hours worked and labor productivity, seemingly laying the groundwork for growth to come...
A SEMINAL PIECE--MUST READ!
Proof that giving cash to poor people, no strings attached, is an amazingly powerful tool for boosting incomes and promoting development.
Poverty is, fundamentally, a lack of money. So doesnt it make sense that simply delivering cash to poor people can be an effective strategy for alleviating it?
Transferring money to poor Americans has been a much bigger success than most of us realize. When it comes to the global poorthe hundreds of millions of slum-dwellers and subsistence farmers who still populate the worldone might be more skeptical. Perhaps the problems facing these unfortunates are simply too profound and too complex to be addressed by anything other than complicated development schemes. Well, perhaps.
But theres striking new evidence that helping the truly poor really is as simple as handing them money. Money with no strings attached not only directly raises the living standards of those who receive it, but it also increases hours worked and labor productivity, seemingly laying the groundwork for growth to come...
A SEMINAL PIECE--MUST READ!
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