Understanding why people are poor and innovative ways to alleviate poverty
Few microfinance institutions articulate what, exactly, their ultimate goals are and how to achieve them. If the goal of microfinance is to alleviate poverty, the authors say, then MFIs should focus on helping their clients build successful enterprises, rather than on making more and bigger loans.
Reducing poverty for people at the lower end of the scale would be more powerful than any other form of intervention.
Nike has taken pains to clean up its act since the media brought public attention to human rights violations in its supplier factories in the 1990s. Through the Nike Foundation, the sports and fitness giant is taking a proactive approach to some of the world's most challenging social problems. In this audio lecture, Nike Foundation president Maria Eitel talks to a Stanford MBA audience about how the organization is focusing on creating economic opportunities for adolescent girls around the world as a means of alleviating poverty.
Why narrowing the gap between the rich and poor could alleviate many social problems.
How for-profit clinics are healing and enriching the rural poor in Kenya.
To find out how best to stem corruption in development projects, a Harvard economist conducted a sophisticated experiment in 608 Javanese villages. His results challenge current wisdom: Send in the outside auditors, rather than rely on local monitors.
The beginnings of the Bangladesh Rural Advancement Committee (BRAC) were fraught with uncertainty. Initially surviving entirely on donations, it has since earned back two pennies for every one it has spent on welfare activities, and is today the largest, self-reliant international NGO, employing more than 97,000 people. In this audio lecture, Fazle Hasan Abed reminisces about the organization's humble beginnings and shares the organization's achievements.
Despite the hoopla over microfinance, it doesn't cure poverty. But stable jobs do. If societies are serious about helping the poorest of the poor, they should stop investing in microfinance and start supporting large, labor-intensive industries.
Building Wealth: The New Asset-Based Approach to Solving Social and Economic Problems
