Tackling Extreme Poverty
New research work reveals ways to break the poverty trap
The World Bank
blog on the
work lead by STICERD director Professor Oriana Bandiera in collaboration with the
BRAC, on the subject of reducing extreme poverty.
Markus Goldstein, who is lead economist in the Office of Chief Economist in
the Africa Region at the World Bank, highlights the most important contributions that the recently
"Labor Markets and
Poverty in Village Economies" makes to the question of lifting the ultra
The research, which looks at BRAC's Targeting the Ultra-Poor program
implemented in Bangladesh, shows that: (i) the poor are able to take on the work activities of the non-poor but face
barriers to doing so, and, (ii) one-off interventions that remove these barriers
lead to sustainable poverty reduction.
blog, Goldsteing concludes that Professor Bandiera and her
colleagues "indicate a sustainable (and cost effective – see the paper for the
numbers) way to break poverty traps and map a clear and
sustainable trajectory out of poverty".
News Posted: 07 April 2016
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