Despite tremendous progress over the past few decades in eradicating global poverty, nearly a fifth of the world still lives on less than $1.25 a day. In recent years, a number of economists, academics, and political analysts have published books providing insight into the causes, effects, and solutions to global poverty. Here are some top books about global poverty that particularly stand out:
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It (2007)
By Paul Collier
“Economist and Africa expert Collier analyzes why a group of 50 nations, home to the poorest one billion people, are failing. Considering issues such as civil war, dependence on extractive industries, and bad governance, he argues that the strongest industrialized countries must enact a plan to help with international policies and standards.” – Amy Lockwood, Stanford Social Innovation Review
Creating a World Without Poverty (2007)
By Muhammad Yunus
“As founder of Grameen Bank, Yunus pioneered microcredit, the innovative banking program that provides poor people mainly women with small loans they use to launch businesses and lift their families out of poverty. Now, in Creating a World Without Poverty, Yunus goes beyond microcredit to pioneer the idea of social business – a completely new way to use the creative vibrancy of business to tackle social problems from poverty and pollution to inadequate health care and lack of education.” – Yunus Centre
The Beautiful Tree: A Personal Journey into How the World’s Poorest People Are Educating Themselves (2009)
By James Tooley
The Beautiful Tree “tells the remarkable story of author James Tooley’s travels travels from Africa to Asia, and of the children, parents, teachers, and others who showed him how the poor are building their own schools and learning to save themselves.” –The Cato Institute
The End of Poverty: Economic Possibilities for Our Time (2006)
By Jeffrey Sachs
“Sachs outlines a detailed plan to help the poorest of the poor reach the first rung on the ladder of economic development. By increasing aid significantly to provide the basic infrastructure and human capital for markets to work effectively, Sachs argues such investment is not only economically sound but a moral imperative.” – Amy Lockwood, Stanford Social Innovation Review
The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006)
By William Easterly
“Easterly, a celebrated economist, presents one side in what has become an ongoing debate with fellow star-economist Jeffrey Sachs about the role of international aid in global poverty. Easterly argues that existing aid strategies have not and will not reduce poverty, because they don’t seriously take into account feedback from those who need the aid and because they perpetuate western colonial tendencies.” – Amy Lockwood, Stanford Social Innovation Review
The Wealth and Poverty of Nations (1998)
By David Landes
“The Wealth and Poverty of Nations is David S. Landes’s acclaimed, best-selling exploration of one of the most contentious and hotly debated questions of our time: Why do some nations achieve economic success while others remain mired in poverty? The answer, as Landes definitively illustrates, is a complex interplay of cultural mores and historical circumstance.” – W.W. Norton & Company, Inc
Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits (2006)
By C.K Pralahad
“Explaining that the world’s five billion poor make up the the fastest growing market in the world, Prahalad shows how this segment has vast untapped buying power, and represents an enormous potential for companies who learn how to serve this market by providing the poor with that they need.” – Amazon
Out of Poverty: What Works When Traditional Approaches Fail (2009)
By Paul Polak
“Polak, a psychiatrist, has applied a behavioral and anthropological approach to alleviating poverty, developed by studying people in their natural surroundings. He argues that there are three mythic solutions to poverty eradication: donations, national economic growth, and big businesses. Instead, he advocates helping the poor earn money through their own efforts of developing low-cost tools that are effective and profitable.” – Amy Lockwood, Stanford Social Innovation Review
Dead Aid: Why Aid is Not Working and How There Is a Better Way for Africa (2009)
By Dambisa Moyo
“Moyo, a Zambia-born economist, asserts that aid is not only ineffective—it’s harmful. Her argument packs a strong punch because she was born and raised in Africa. Moyo believes aid money promotes the corruption of governments and the dependence of citizens, and advocates that an investment approach will do more to help reduce poverty than aid ever could.” – Amy Lockwood, Stanford Social Innovation Review
– Katrina Beedy
Sources: Stanford Social Innovation Review, Flavor Wire, Muhammad Yunus, WW Norton, Amazon
Photo: Cheryl Ann Skolnicki
Poverty in Cairo
Cairo is a city of history and architecture, but the city is also struggling with extreme poverty.
Over 40 percent of Egyptians are living below the poverty line, according to the World Bank, and as war and conflict spread through the area, that number is expected to increase. Poverty in Cairo has forced many families to put off marriage and children, or to put their young children straight to work. Many are stuck in Cairo because they simply can’t afford to live anywhere else or climb the economic ladder.
The unstable government has also contributed to the increase in poverty, but many Egyptians hope to see an established government body in the near future that offers democracy to the public.
According to the Department of Developmental Studies, or DDS, the poverty in Cairo is severely underestimated. In an essay by Sarah Sabry of the DDS, she writes that the “poverty lines are set too low in relation to the costs of the most basic of needs in the city and because census data…under-count the people living in Cairo.”
Like many countries suffering from increasing poverty, the children of the region seem to be hit the hardest. Most children do not have a well-balanced diet, which leads to growth and educational problems in the future. Many children do not attend school or educational programs either because their parents cannot afford it or the children are sent to work during the day.
Greater Cairo has eight informal settlements, and all eight have a large population living below the established poverty line. Education is poor, malnutrition rates are high and health conditions are often unsanitary. Poverty-stricken areas, known as slums, are becoming overcrowded, which causes diseases to easily spread, particularly among young or weak children.
Egypt relies heavily on tourism, which brought in approximately $13 billion in 2010. However, an impoverished Cairo is seeing less tourism and, in turn, less profit.
The future is unpredictable for the Land of the Pharaohs.
– Alaina Grote
Sources: Alarabitya, IRIN News, Sagepub
Photo: Flickr
Alleviating Poverty in Calcutta, India
Calcutta is a region that is rich with history, culture and destitution. Calcutta was the former capital of British India, and is one of India’s largest cities and ports, for it is located on the east bank of the Hugli River. Calcutta proves to be the dominant urban center of Eastern India, as it acts as a point of commerce, transport and manufacture. The city holds a diverse range of people, as multiple Hindus, Muslims, Christians, Sikhs, Jains and Buddhists resides in this city.
Languages spoken In Calcutta range from Bengali, Urdu and Oriya to Tamil and Punjabi. Due to the wide range of people and activities, the population density is extremely high with over 4.5 million people, thus overcrowding is an immediate issue. The conflict in Bangladesh during the 1970s has also contributed to refugee colonies in the northern and southern suburbs. Migrants from less urban areas have migrated to Calcutta in search of employment as well, as it is a major export center for tea, petroleum, jute, coal, iron and manganese. Unfortunately, poverty in Calcutta is a huge problem and severe unemployment has been an issue since the early 1950s.
Calcutta has a housing shortage, and approximately one-third of the city’s population lives in poverty-ridden neighborhoods composed of a collection of huts standing on a plot of land that is at least one-sixth of an acre. These dwellings are often not ventilated, single-story rooms with few sanitary facilities, and very little open space.
India is growing into a substantial open-market economy; however, the economy includes a wide range of modern industries and services, including village farming, modern agriculture and handicrafts. The economic downturn in 2011 affected poverty significantly, and the inflation and high interest rates have yet to be alleviated. Furthermore, problems such as corruption, environmental degradation, overpopulation and increasing economic development contribute to the perpetuation of poverty while decreasing the capacity of the government to significantly alleviate any one problem.
According to USAID, “One-third of its population still lives on less than $1.25 per day. Projected to become the world’s most populous country by 2030, India faces tremendous energy, education, health, water and sanitation challenges. India is an important U.S. partner in maintaining regional stability, deepening trade ties and addressing development challenges in India and globally.”
The impact of overcrowding, displacement by natural disasters and lack of sustainable urban policies contribute to the marginalization of Calcutta’s poor; there is simply a lack of means for the homeless to progress and gain material wealth.
The importance of education and farmer organizations is critical for the alleviation of poverty in Calcutta.
– Neti Gupta
Sources: Encyclopedia Brittanica, News Action, USAID
Photo: Steve McCurry
Progress in Poverty Alleviation in Dhaka
Bangladesh is a densely populated country in south-central Asia that encompasses a predominantly Muslim population. Dhaka is the capital of Bangladesh and is characterized by not only a dense population, but also social and economic diversity. It is one of the most industrialized cities in Bangladesh, with major industries specialized in leather goods, ceramics and electronic products.
Bangladesh is in a position to reach its Millennium Development Goals; however, it remains a low-income country with substantial inequality, deprivation and poverty. With over 45 million people in Bangladesh, approximately one third of the population lives below the poverty line with a majority living in extreme poverty. Poverty in rural areas is more severe, with 36 percent of the population in poverty whereas the urban centers are estimated at 28 percent. Plagued with an inadequate diet and massive food shortages, over half of the rural children are chronically malnourished and 14 percent suffer from acute malnutrition.
A large source of this poverty is due to a lack of economic opportunity and a reliance on farming. Agriculture accounts for less than 20 percent of the GDP; however, the farm sector is the lifeline of over 40 percent of the labor force. Due to urbanization and industrialization, the amount and availability of farmland is decreasing, and the land itself is less cultivable. A lack of technology and access to open bodies of water has affected the fisheries of Bangladesh as well.
A large source of poverty in Bangladesh has accumulated by overpopulation and climate change. Population density has placed significant pressure on the country’s natural resources, yet the urban and rural industries are unable to provide jobs for all Bangladeshi people; many citizens have been forced to seek work abroad. The impact of climate change has increased Bangladesh’s vulnerability, for it is one of the most flood-prone countries in the world. Severe flooding causes detrimental damage to crops, property and livelihoods. Monsoon floods, cyclones and storms significantly impact the rural poor, for their housing is less adequate than the urban centers, and the re-building process is longer, harder and increasingly difficult.
The World Bank released a poverty assessment of Bangladesh studying from 2000-2010 in June of 2013, and concluded with some striking results. The conclusion stated that the development gap ought to be addressed between the East and the West through increasing the economic opportunities for those in both regions. While Dhaka and several other eastern divisions have experienced growth, their Western counterparts have remained primarily stagnant and destitute. The growth of Bangladesh is occurring in an uneven fashion, and the impact of remittances, inadequate electricity, roads and access to markets further contributes to the unequal distribution to goods and resources.
The Borgen Project offers a variety of methods to contribute to poverty alleviation, albeit allowing all people to contribute to poverty alleviation in Dhaka, Bangladesh, as well as any other region that necessitates global attention.
– Neti Gupta
Sources: Encyclopedia Brittanica, Rural Poverty Portal, World Bank
Photo: MIT News Office
10 Interesting Facts About MLK
As the single most influential individual associated with the Civil Rights Movement, Martin Luther King Jr. lived life under a spotlight. His legacy continues to be praised to this day for his courage, passion for justice and his devotion to civil equality. An advocate for nonviolence, Martin Luther King Jr. brought masses together in his time to fight against oppression with words and peaceful demonstration rather than brutality, violence and war.
His birthday, now a national holiday, celebrates and teaches many of the major highlights in his life, and resulted in a nation well-versed in his incredible life, justice goals and untimely, his martyred death.
For a man so inspiring, every day words that he spoke became inspirations to the public. Speeches and statements he gave lit a flame in the hearts of people who craved social justice and equality. In honor of Black History Month, here are 10 interesting facts about MLK, one of the most profound and inspiring American heroes:
1. Originally, Martin was not his first name—it was actually Michael. His father, Martin Luther King Sr.’s, name was also originally Michael but after a trip to Germany, he changed both Michaels to Martin in homage to the historic German, Martin Luther.
2. He and his wife, Coretta Scott, had four children named Yolanda Denise, Martin, Dexter and Bernice Albertine.
3. He graduated with a Ph.D. in Systematic Theology in 1955.
4. He was arrested on Jan. 26, 1956, for driving 30 mph in a 25 mph zone.
5. Just four days later on Jan. 30, his house was bombed.
6. In 1957, it is estimated that MLK traveled more than 780,000 miles and made 208 speeches.
7. MLK had a lifelong admiration for Gandhi and visited India in 1959—crediting Gandhi’s passive resistance techniques for his civil rights successes.
8. The first national celebration of MLK’s birthday was not until 1986.
9. It is estimated that more than 700 streets in the U.S. are named after Dr. Martin Luther King Jr.
10. At 35, King was the youngest man to have won the Nobel Peace Prize. All of his monetary winnings from the award were put toward furthering the issue of civil rights and towards civil rights movements.
– Eastin Shipman
Sources: Nobel Prize, The Seattle Times
Photo: Biography
Merck for Mothers Improves Global Health
Merck for Mothers is a 10-year, $500 million initiative that envisions, and works toward, a world where no woman dies giving life. Currently, an estimated 800 women die per day, primarily in developing nations. Merck’s global mission is to bring better healthcare and innovative health solutions to millions of people across the developing world; a commitment that has been in standing for more than 150 years. Working closely with its program leadership, advisory board, healthcare workers, maternal health experts and policy makers, the Merck for Mothers initiative has already served in more than 30 countries across the world.
As stated on its website, “Women are the cornerstone of a healthy and prosperous world. When a mother survives pregnancy and childbirth, her family, community, and nation thrive.”
Merck for Mothers aims to see nations thrive by saving as many lives as possible, and it does this by tackling the two leading causes of maternal mortality: excessive bleeding after labor and high blood pressure disorders during pregnancy and childbirth.
For example, in Uganda, where a woman faces a one in 49 chance of dying during pregnancy and childbirth, many of the private healthcare providers, such as independent midwives and local pharmacies, offer services that are not always regulated and can vary in quality. As a result, Merck for Mothers explores the ability of these local private providers and health businesses to deliver affordable and high-quality maternal healthcare. This is a program that has estimated to reach more than 150 thousand pregnant women over the span of three years.
Each of the 30 country programs is different and tailored to that country, yet they all strive for the same goal: giving mothers a better chance at surviving pregnancy and childbirth. In addition, Merck for Mothers focuses on family planning, which is known to play a key role in reducing maternal mortality. Merck for Mothers explains this through the Ripple Effect. When a mother dies, the ripple effect begins with her child who is more likely to die before the age of two. If she has other children, they are also up to 10 times more likely to leave school and suffer from poor health. But a mother’s death affects more than just her family.
Merck for Mothers believes that a woman’s death also impairs her community. Representing as much as one-third of the world’s gross national product, a woman’s unpaid work contributes to a community’s economic prosperity. In the end, this becomes a global economic issue. For these reasons, Merck for Mothers focuses on three key areas: innovation, access and advocacy.
At Merck, corporate responsibility is the cornerstone of its daily commitment to tackle global health challenges, such as river blindness, HIV/AIDS and cervical cancer. It has been a 150-year commitment, but that has not stopped Merck from making new additions.
With Merck for Mothers, it can now expand its scope and save the lives of millions of mothers across the globe, so that every day 800 more lives of women are spared.
– Chelsee Yee
Sources: Merck for Mothers, Poughkeepsie Journal, Mobi Health News
Photo: Modern Mom
Why Poverty Persists in Johannesburg
Since the eradication of apartheid in 1994, many South African residents have gradually seen improvements in their quality of life. Nevertheless, poverty still plagues the lives of many South Africans, and residents of the capital city of Johannesburg are no exception.
An estimated 20 percent of Johannesburg residents live in abject poverty, the Johannesburg government website reports. These residents often live in informal settlements that lack electricity, proper roads or any other form of direct municipal services. Another 40 percent live in “inadequate housing,” with insufficient municipal services.
More specifically, the Johannesburg City Council reports that 16 percent of households in Johannesburg lack municipal sanitation, 15 percent do not receive municipal electricity and unemployment stands at 30 percent.
Poverty in Johannesburg still generally falls along distinct racial lines, with black residents making up 72 percent of Johannesburg’s “poor,” according to the government website.
The government attributes much of the city’s poverty to apartheid’s enduring legacy. During apartheid, Johannesburg was divided into a series of local districts segregated by race, with the white districts being substantially wealthier and more self-sufficient than the black districts. Today, racial districting has ended, and the Johannesburg municipal government has been tasked with overseeing seven times the population it had under apartheid.
Illegal immigration also places major stresses on the city, the Johannesburg government reports. In sufficient numbers, migrants from other African countries can strain city and provincial services, which are “allocated on the basis of legal population.”
In response to these issues, the Johannesburg City Council has identified a series of reforms to be implemented, including progressive tax cuts for low-income property owners, low-income senior citizens and low-consumption water users; greater funding to community health services, such as reproductive health care; immunization programs; investment in housing infrastructure; and an overhaul of the city’s transportation system.
As a nation overall, South Africa ranks poorly in several global indicators of national health and prosperity. According to the World Bank, nearly one in ten South Africans live on less than $1.25 a day, one in four are unemployed and one in five are infected with HIV.
– Katrina Beedy
Sources: City of Johannesburg, World Bank 1, World Bank 2, World Bank 3
Photo: Flickr
Top Books About Global Poverty
Despite tremendous progress over the past few decades in eradicating global poverty, nearly a fifth of the world still lives on less than $1.25 a day. In recent years, a number of economists, academics, and political analysts have published books providing insight into the causes, effects, and solutions to global poverty. Here are some top books about global poverty that particularly stand out:
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It (2007)
By Paul Collier
“Economist and Africa expert Collier analyzes why a group of 50 nations, home to the poorest one billion people, are failing. Considering issues such as civil war, dependence on extractive industries, and bad governance, he argues that the strongest industrialized countries must enact a plan to help with international policies and standards.” – Amy Lockwood, Stanford Social Innovation Review
Creating a World Without Poverty (2007)
By Muhammad Yunus
“As founder of Grameen Bank, Yunus pioneered microcredit, the innovative banking program that provides poor people mainly women with small loans they use to launch businesses and lift their families out of poverty. Now, in Creating a World Without Poverty, Yunus goes beyond microcredit to pioneer the idea of social business – a completely new way to use the creative vibrancy of business to tackle social problems from poverty and pollution to inadequate health care and lack of education.” – Yunus Centre
The Beautiful Tree: A Personal Journey into How the World’s Poorest People Are Educating Themselves (2009)
By James Tooley
The Beautiful Tree “tells the remarkable story of author James Tooley’s travels travels from Africa to Asia, and of the children, parents, teachers, and others who showed him how the poor are building their own schools and learning to save themselves.” –The Cato Institute
The End of Poverty: Economic Possibilities for Our Time (2006)
By Jeffrey Sachs
“Sachs outlines a detailed plan to help the poorest of the poor reach the first rung on the ladder of economic development. By increasing aid significantly to provide the basic infrastructure and human capital for markets to work effectively, Sachs argues such investment is not only economically sound but a moral imperative.” – Amy Lockwood, Stanford Social Innovation Review
The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006)
By William Easterly
“Easterly, a celebrated economist, presents one side in what has become an ongoing debate with fellow star-economist Jeffrey Sachs about the role of international aid in global poverty. Easterly argues that existing aid strategies have not and will not reduce poverty, because they don’t seriously take into account feedback from those who need the aid and because they perpetuate western colonial tendencies.” – Amy Lockwood, Stanford Social Innovation Review
The Wealth and Poverty of Nations (1998)
By David Landes
“The Wealth and Poverty of Nations is David S. Landes’s acclaimed, best-selling exploration of one of the most contentious and hotly debated questions of our time: Why do some nations achieve economic success while others remain mired in poverty? The answer, as Landes definitively illustrates, is a complex interplay of cultural mores and historical circumstance.” – W.W. Norton & Company, Inc
Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits (2006)
By C.K Pralahad
“Explaining that the world’s five billion poor make up the the fastest growing market in the world, Prahalad shows how this segment has vast untapped buying power, and represents an enormous potential for companies who learn how to serve this market by providing the poor with that they need.” – Amazon
Out of Poverty: What Works When Traditional Approaches Fail (2009)
By Paul Polak
“Polak, a psychiatrist, has applied a behavioral and anthropological approach to alleviating poverty, developed by studying people in their natural surroundings. He argues that there are three mythic solutions to poverty eradication: donations, national economic growth, and big businesses. Instead, he advocates helping the poor earn money through their own efforts of developing low-cost tools that are effective and profitable.” – Amy Lockwood, Stanford Social Innovation Review
Dead Aid: Why Aid is Not Working and How There Is a Better Way for Africa (2009)
By Dambisa Moyo
“Moyo, a Zambia-born economist, asserts that aid is not only ineffective—it’s harmful. Her argument packs a strong punch because she was born and raised in Africa. Moyo believes aid money promotes the corruption of governments and the dependence of citizens, and advocates that an investment approach will do more to help reduce poverty than aid ever could.” – Amy Lockwood, Stanford Social Innovation Review
– Katrina Beedy
Sources: Stanford Social Innovation Review, Flavor Wire, Muhammad Yunus, WW Norton, Amazon
Photo: Cheryl Ann Skolnicki
Operation Lifeline Sudan
Crisis and conflict are nothing new for Sudan. After the Second Sudanese Civil War that ended in 2005, the country has struggled to stand back up. Violence, rebels, political tension, and war have ravaged the country for years.
Operation Lifeline Sudan began 25 years ago in 1989, hoping to provide relief to those caught in the middle of the Sudanese civil war. Operation Lifeline Sudan, or OLS, was the first operation in which the U.N. conferred with an unrecognized non-state armed group. According to the Secure Livelihoods Research Consortium, OLS was the largest-ever coordinated humanitarian effort. The report goes on to say that “negotiating with parties to the conflict enabled OLS to become the first relief effort in an active ‘non-international conflict,’ which expanded the realm of possibility surrounding emergency relief and humanitarian response.”
Dr. Lam Akol Ajawin, a South Sudanese politician, notes that OLS created a Sudan that thrived in peace, but that Sudan has been deteriorated by recent political aggression and rebellious acts of violence.
“OLS saved lives … That was its declared mandate. However, it is evident that the initiative created an atmosphere conducive to peace as it was demonstrated by the accelerated peace efforts,” Ajawin said.
OLS has taught the world many lessons through its success during the Sudanese civil war (1989-2005). As Sudan is caught in turmoil again, it may be time to follow in OLS’s footsteps.
In the past 10 months, thousands of Sudanese people have been killed in conflict and many more have been injured. Approximately 1.4 million have been displaced or fled their homes, taking refuge in neighboring countries such as Ethiopia and Kenya. With overcrowding and supplies running short, the poverty rate is slowly increasing for Sudan.
Here are the key lessons that OLS taught that may once again save Sudan:
1. Coordinate with numerous parties and keep everyone engaged
2. Negotiate with conflict parties to avoid misunderstandings
3. Make the most of local networks
4. Stay flexible
5. Address underlying causes and exploit peace building opportunities
Before the current conflict, Sudan seemed to be shifting toward development. While the conflict may have stalled this production, there is still infinite hope for Sudan and all Sudanese people to live a life of peace.
– Alaina Grote
Sources: Conciliation Resources, IRIN, Secure Livelihood Consortium, New York Times
Photo: Static Flickr
Croatia’s Debt Relief Offers Fresh Start
For the past six years Croatia has been struggling to pull itself out of a severe economic downturn, one of the worst in the EU. The country’s unemployment rate stands at close to 20 percent, the average salary is just $852 a month and the country’s credit rating is below investment grade. Economic growth for 2015 is expected to be less than one percent.
In an effort to combat the crisis, the government has instituted a new program, known as “Fresh Start,” cancelling the debts of the country’s poor. The program is available to all Croatians who live below the poverty line of $138 a month and do not owe more than $5,100 in debt. In total it is estimated that 60,000 Croats can expect debt relief, and 20,000 have already applied.
The government hopes and argues that by cancelling the debt of its poorest citizens it will alleviate poverty and boost the country’s economy. Without the burden of debt repayments draining peoples’ finances, supporters of the program argue that it will enable the poor to spend more on basic necessities and that this increase in spending will help to pull the country out of the recession.
But the program is not without critics. Some argue that it will make little difference in the long run and that beneficiaries will simply end up back in debt with very high premiums, assuming they can secure new loans at all. Other critics argue that the program is a short term solution that fails to tackle long term problems contributing to the recession and fails to create jobs or provide other means to lift people out of poverty.
Then there are other critics who argue that the program does not go far enough as it fails to help those who owe more than $5,100 or earn more than $138 a month. Many applicants have been turned away for owing too much money. Many others who earn too much to qualify still live in poverty and struggle with financial hardships caused by the burden of repaying debt to creditors.
Many critics also see this as an effort by the government to win votes in the upcoming elections set for later this year. But whatever the motivations behind Fresh Start, the real question is whether it will work. The government was successful at convincing the country’s top private and public sector creditors to agree to the program, which is expected to wipe out one to seven percent of Croatians’ debts. This in turn is expected to free close to 20 percent of Croatian debtors.
There is an ongoing debate about both the effectiveness and morality of debt relief. There are numerous organizations lobbying for debt relief to the poor both at home and abroad and numerous other groups opposed to it. But in Croatia, the idea is now being put to the test.
– Matt Lesso
Sources: Mic Network, The Financial Times, Washington Post, New York Times, RTE Dublin
Photo: Panteres
Poverty in Afghanistan: 5 Facts You Might Not Know
When we talk about Afghanistan or hear about it in the news, it can be very easy to forget that the insurgents are people and that a huge portion of them are suffering through extreme poverty. For the average Afghan, life can be very difficult and stricken with economic struggle, food insecurity, and a lack of resources to improve their lives. Discussed below are facts that may come as a surprise about those living in poverty in Afghanistan.
Top 5 Facts about Poverty in Afghanistan
Aid programs are doing what they can to help to citizens of Afghanistan rise about the poverty line, but the country has been torn apart by decades of fighting and inequality. The process will be a long and arduous one, but every person should be able to take care of themselves and provide even just the basic tools for survival for their families.
– Chelsea Evans
Sources: CIA World Factbook, Center for Strategic and International Studies