Want to Fight Poverty? Just Give the Poor Cash

A study suggests that the best way to fight global poverty is simply to give people cash and let them spend it however they want

GIBS Information Centre / GIBSIC‘s insight:

Inclusive markets–  “The research focused on households in rural western Kenya, where nearly two-thirds of people report not having enough food in their house for the next day. An average equivalent of $720 was given randomly to recipients through the mobile banking service M-Pesa.  –   Food consumption increased 20 percent, with a 42 percent reduction in the number of days children go without food. Recipients were also able to increase their ability to earn income. Revenue from raising livestock rose by 48 percent; total revenue from self-employment rose by 38 percent.”

See on www.businessweek.com

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