Simply throwing money at the poor does not solve their problems from "summary" of Poor Economics by Abhijit Banerjee,Esther Duflo
Many people believe that poverty can be alleviated simply by giving money to the poor. This sounds logical - after all, if someone lacks money, giving them some should help, right? But in reality, the situation is much more complex. Poverty is not just a lack of money, it is a web of interconnected issues that go beyond financial constraints. When money is given to the poor without understanding their specific needs and circumstances, it may not necessarily lead to long-term positive outcomes. The poor face a multitude of challenges - from lack of access to quality education and healthcare, to social exclusion and discrimination. These issues cannot be solved by a one-time cash transfer alone. ...Similar Posts
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