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A Radical Rethinking of the Way to Fight Global Poverty
PublicAffairs
May 2011
On Sale: April 26, 2011
320 pages
ISBN: 1586487981
EAN: 9781586487980
Hardcover
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Non-Fiction
Winner of the 2011 Financial Times/Goldman Sachs Best
Business Book of the Year Award Billions of government dollars, and thousands of charitable
organizations and NGOs, are dedicated to helping the world's
poor. But much of their work is based on assumptions that
are untested generalizations at best, harmful misperceptions
at worst. Abhijit Banerjee and Esther Duflo have pioneered the use of
randomized control trials in development economics. Work
based on these principles, supervised by the Poverty Action
Lab, is being carried out in dozens of countries. Drawing on
this and their 15 years of research from Chile to India,
Kenya to Indonesia, they have identified wholly new aspects
of the behavior of poor people, their needs, and the way
that aid or financial investment can affect their lives.
Their work defies certain presumptions: that microfinance is
a cure-all, that schooling equals learning, that poverty at
the level of 99 cents a day is just a more extreme version
of the experience any of us have when our income falls
uncomfortably low. This important book illuminates how the poor live, and
offers all of us an opportunity to think of a world beyond
poverty.
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