poor economics by abhijit v banerjee and esther duflo

Next, we will unlock this book in three parts. These suggestions are included in this book. Based on the results of randomized controlled trials, Duflo and Banerjee put forward many practical suggestions that guide policymakers, philanthropists, and others who are committed to poverty alleviation. They examined the daily life, education, health, and economic situation of the poor as well as government policies and assistance from non-governmental organizations. In the past 15 years, to figure out the causes of poverty and what problems poverty can cause that make it difficult for the poor to escape poverty, Duflo and Banerjee investigated deeply into 18 impoverished countries and regions on five continents to explore the causes of poverty and possible solutions. So, what kind of aid plans are effective? Still, not all ideas improve the poor's situation, such as establishing free markets, calling for the promotion of human rights, giving more funding, and rejecting foreign assistance. Different beliefs have given rise to different ideas about assistance.

The opposing view is that qualities, like nobility and self-improvement, are equally hidden in everyone, and the poor simply lack the environment and opportunities that produce these qualities. People often said the poor are lazy, short-sighted, and mean, and are responsible for their predicament. In many cultures in the past, demeaning the poor wasn’t a taboo. He called for a wider and fairer distribution of wealth and opportunity in a speech on July 18. This figure comes from António Guterres, the current UN secretary-general. If we roughly divide the 7.8 billion people into half poor and half rich, do you know how many rich people have the same wealth as the 3.9 billion people whose income is below the median? The answer is just the top 26 billionaires. The difference between people’s living conditions is directly reflected in income. In 2020, a total of 7.8 billion people live on this planet.

Today, we will unlock Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty.

Poor economics by abhijit v banerjee and esther duflo