Category Archives: poverty
Microfinance in China
Microfinance is a way to lift people out of poverty. The poor have little income and are often subject to credit constraints (liquidity constraints). So they cannot invest in production tools and are trapped in poverty. Microfinance provides the poor with small amount of loans and support their investments for the longer horizons. I once talked …
Tackling development problems: small steps toward a better world
There are several videos which I strongly recommend for those without any knowledge about development economics: 1. Esther Duflo: Social experiments to fight poverty (youtube) 2. Global-X interview: Muhammad Yunus - Grameen Bank (youtube) 3. Professor Karthik Muralidharan’s work on Teacher’s Pay in India (youtube) The first is a TED talk given by MIT Professor Esther Duflo, who specializes in …
Poverty statistics of China
maryandmusic ♦ October 1, 2011 ♦ Leave a Comment
I saw a news report about poverty in the US (here). It states that the number of Americans living below the official poverty line was the highest number in the 52 years the bureau has been publishing figures on it. Professor Lawrence Katz at Harvard even call the past ten years “a lost decade” as the median family …
Read more »