Financial Exclusion And The Poverty Trap

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Financial Exclusion and the Poverty Trap

Author : Paul Mosley
Publisher : Routledge
ISBN 13 : 1136626395
Total Pages : 230 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Financial Exclusion and the Poverty Trap by : Paul Mosley

Download or read book Financial Exclusion and the Poverty Trap written by Paul Mosley and published by Routledge. This book was released on 2012-02-27 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The persistence of poverty hurts us all, and attacking poverty is a major policy objective everywhere. In Britain, the main political parties have an anti-poverty mandate and in particular an agreed commitment to eliminate child poverty by 2020, but there is controversy over how this should be done. This book addresses one of the main causes of poverty, financial exclusion – the inability to access finance from the high-street banks. People on low or irregular incomes typically have to resort to loan sharks, ‘doorstep lenders’ and other informal credit sources, a predicament which makes escape from the poverty trap doubly difficult. Over the last fifteen years, a strategy of breaking down the poverty trap has been implemented, known in the UK as community development financial institutions (CDFIs), typically non-profit lending institutions focussed on the financially excluded, and seeking to learn from the achievements of microfinance around the world. Focussing on the period 2007-09, during which the UK went into a global recession, this book investigates how CDFIs work and how well they have helped low-income people and businesses to weather that recession. Based on a study of eight CDFIs in four UK cities, we ask: what ideas for overcoming financial exclusion have worked well, and which have worked badly? What can we learn from the experience of these CDFIs which can help reduce poverty in this country and globally? We assess the impact of CDFIs using a range of indicators (including income, assets, education, health) and ask what changes in policy by both CDFIs and government agencies (for example, benefits agencies) might be able to increase impact. Some of the key lessons are: CDFIs need to work with appropriate partners to build up savings capacity in their clients; the community environment is vital in determining who escapes from the poverty trap; and CDFIs can never function properly unless they learn how to control their overdue debts. This book will be vital reading for those concerned with social policy, microfinance and anti-poverty policies in industrialised countries and around the world.

Poverty Traps and Microfinance

Author : Roberto Moro Visconti
Publisher : Ibidem Press
ISBN 13 : 9783838202525
Total Pages : 518 pages
Book Rating : 4.2/5 (25 download)

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Book Synopsis Poverty Traps and Microfinance by : Roberto Moro Visconti

Download or read book Poverty Traps and Microfinance written by Roberto Moro Visconti and published by Ibidem Press. This book was released on 2011 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance is a successful financial innovation to help the poor to sort out credit exclusion, which is one of the poverty traps that prevent billions of underserved, especially women, from escaping atavistic misery. Interconnected poverty traps range from misuse of natural resources (from blood diamonds to the oil curse) to conflict traps, demographic booming, being landlocked with bad neighbors or exposed to unfreedom. Other traps concern cultural backwardness, unsafe drinking and sanitation, food shortage up to starvation, illnesses or climatic shocks, causing mass migrations and unfair globalization. Microfinance, a grass-roots movement to provide credit to the neediest, can greatly help to dismantle at least some of these poverty traps, and thousands of mostly small institutions are competing in a market where demand from the poorest for financial services is potentially unlimited - while supply is not.While the success of microfinance, often ignited by foreign aid funding, has gone beyond any expectation, enormous problems are still on the ground. The road towards what is now considered microfinance's optimal goal - maximization of outreach to the poorest, combined with financial self-sustainability - is still full of obstacles. Prof. Moro Visconti's book, covering a vacuum in the existing literature, considers state-of-the-art microfinance within a broader framework of sustainable and long-term socio-economic development. With an innovative and reader friendly approach, Moro Visconti introduces the reader to the multidimensional causes of poverty and possible remedies. A cultural approach to the poverty traps, mixing its anthropological causes with possible bottom-up remedies, including microfinance, emerges as a stunning innovation. The book aims at a broad readership from practitioners to students and academics, as well as readers simply interested in solutions to the world-wide poverty problems.

The Economics of Poverty Traps

Author : Christopher B. Barrett
Publisher : University of Chicago Press
ISBN 13 : 022657430X
Total Pages : 425 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis The Economics of Poverty Traps by : Christopher B. Barrett

Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2018-12-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.

Poverty Traps

Author : Samuel Bowles
Publisher : Princeton University Press
ISBN 13 : 0691170932
Total Pages : 251 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Poverty Traps by : Samuel Bowles

Download or read book Poverty Traps written by Samuel Bowles and published by Princeton University Press. This book was released on 2016-05-31 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone. Neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-escape pockets of poverty even in rich countries. Similar individuals in dissimilar socioeconomic environments develop different preferences and beliefs that can transmit poverty or affluence from generation to generation. The book presents evidence of harmful neighborhood effects and discusses policies to overcome them, with attention to the uncertainty that exists in evaluating such policies.

The Economics of Poverty Traps

Author : Christopher B. Barrett
Publisher : University of Chicago Press
ISBN 13 : 022657444X
Total Pages : 425 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis The Economics of Poverty Traps by : Christopher B. Barrett

Download or read book The Economics of Poverty Traps written by Christopher B. Barrett and published by University of Chicago Press. This book was released on 2019-01-11 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.

Poverty Traps

Author : Samuel Bowles
Publisher : Princeton University Press
ISBN 13 : 0691170932
Total Pages : 251 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Poverty Traps by : Samuel Bowles

Inclusive Growth

Author : Howard Thomas
Publisher : Emerald Group Publishing
ISBN 13 : 1789737796
Total Pages : 152 pages
Book Rating : 4.7/5 (897 download)

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Book Synopsis Inclusive Growth by : Howard Thomas

Download or read book Inclusive Growth written by Howard Thomas and published by Emerald Group Publishing. This book was released on 2019-04-10 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book outlines a journey from enabling models of government and business to strategies for creating both financial and social inclusion and entrepreneurism as mechanisms for sustainable and inclusive growth.

Accelerating Poverty Reduction in Africa

Author : Kathleen Beegle
Publisher : World Bank Publications
ISBN 13 : 1464812330
Total Pages : 451 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Accelerating Poverty Reduction in Africa by : Kathleen Beegle

Download or read book Accelerating Poverty Reduction in Africa written by Kathleen Beegle and published by World Bank Publications. This book was released on 2019-10-09 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sub-Saharan Africa's turnaround over the past couple of decades has been dramatic. After many years in decline, the continent's economy picked up in the mid-1990s. Along with this macroeconomic growth, people became healthier, many more youngsters attended schools, and the rate of extreme poverty declined from 54 percent in 1990 to 41 percent in 2015. Political and social freedoms expanded, and gender equality advanced. Conflict in the region also subsided, although it still claims thousands of civilian lives in some countries and still drives pressing numbers of displaced persons. Despite Africa’s widespread economic and social welfare accomplishments, the region’s challenges remain daunting: Economic growth has slowed in recent years. Poverty rates in many countries are the highest in the world. And notably, the number of poor in Africa is rising because of population growth. From a global perspective, the biggest concentration of poverty has shifted from South Asia to Africa. Accelerating Poverty Reduction in Africa explores critical policy entry points to address the demographic, societal, and political drivers of poverty; improve income-earning opportunities both on and off the farm; and better mobilize resources for the poor. It looks beyond macroeconomic stability and growth—critical yet insufficient components of these objectives—to ask what more could be done and where policy makers should focus their attention to speed up poverty reduction. The pro-poor policy agenda advanced in this volume requires not only economic growth where the poor work and live, but also mitigation of the many risks to which African households are exposed. As such, this report takes a "jobs" lens to its task. It focuses squarely on the productivity and livelihoods of the poor and vulnerable—that is, what it will take to increase their earnings. Finally, it presents a road map for financing the poverty and development agenda.

Escaping the Poverty Trap

Author : Amartya Sen
Publisher : IDB
ISBN 13 : 9781931003568
Total Pages : 140 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Escaping the Poverty Trap by : Amartya Sen

Download or read book Escaping the Poverty Trap written by Amartya Sen and published by IDB. This book was released on 2003 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Basing their discussions on the concept of "intergenerational transmission of poverty"--the "process by which poor parents pass on poverty and disadvantage to their children," in the words of editor Moran (until recently a senior economist with the International Development Bank's Sustainable Development Department)--five essays reflect on political, philosophical, social, and other dimensions of investing in early childhood in Latin America. The essays include Amartya Sen's discussion of early childhood investment within the context of the overall development process, as well explorations of the relationship between health, nutrition, and cognitive and social dimensions of poverty; the impact of early childhood investment on economic growth and equity; and the role of the state in marshalling resources for early childhood investment. Distributed by Johns Hopkins U. Press. Annotation : 2004 Book News, Inc., Portland, OR (booknews.com).

The Financial Diaries

Author : Jonathan Morduch
Publisher : Princeton University Press
ISBN 13 : 0691172986
Total Pages : 248 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Financial Diaries by : Jonathan Morduch

Download or read book The Financial Diaries written by Jonathan Morduch and published by Princeton University Press. This book was released on 2017-04-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the groundbreaking U.S. Financial Diaries project (http://www.usfinancialdiaries.org/), which follows the lives of 235 low- and middle-income families as they navigate through a year, the authors challenge popular assumptions about how Americans earn, spend, borrow, and save-- and they identify the true causes of distress and inequality for many working Americans.

The End of Poverty

Author : Jeffrey D. Sachs
Publisher : Penguin
ISBN 13 : 1101643285
Total Pages : 448 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis The End of Poverty by : Jeffrey D. Sachs

Download or read book The End of Poverty written by Jeffrey D. Sachs and published by Penguin. This book was released on 2006-02-28 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Book and man are brilliant, passionate, optimistic and impatient . . . Outstanding." —The Economist The landmark exploration of economic prosperity and how the world can escape from extreme poverty for the world's poorest citizens, from one of the world's most renowned economists Hailed by Time as one of the world's hundred most influential people, Jeffrey D. Sachs is renowned for his work around the globe advising economies in crisis. Now a classic of its genre, The End of Poverty distills more than thirty years of experience to offer a uniquely informed vision of the steps that can transform impoverished countries into prosperous ones. Marrying vivid storytelling with rigorous analysis, Sachs lays out a clear conceptual map of the world economy. Explaining his own work in Bolivia, Russia, India, China, and Africa, he offers an integrated set of solutions to the interwoven economic, political, environmental, and social problems that challenge the world's poorest countries. Ten years after its initial publication, The End of Poverty remains an indispensible and influential work. In this 10th anniversary edition, Sachs presents an extensive new foreword assessing the progress of the past decade, the work that remains to be done, and how each of us can help. He also looks ahead across the next fifteen years to 2030, the United Nations' target date for ending extreme poverty, offering new insights and recommendations.

Poverty in the Philippines

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292547410
Total Pages : 188 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis Poverty in the Philippines by : Asian Development Bank

Download or read book Poverty in the Philippines written by Asian Development Bank and published by Asian Development Bank. This book was released on 2009-12-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.

Finance and Inequality

Author : Mr.Martin Cihak
Publisher : International Monetary Fund
ISBN 13 : 1513526545
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Finance and Inequality by : Mr.Martin Cihak

Download or read book Finance and Inequality written by Mr.Martin Cihak and published by International Monetary Fund. This book was released on 2020-01-17 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examines empirical relationships between income inequality and three features of finance: depth (financial sector size relative to the economy), inclusion (access to and use of financial services by individuals and firms), and stability (absence of financial distress). Using new data covering a wide range of countries, the analysis finds that the financial sector can play a role in reducing inequality, complementing redistributive fiscal policy. By expanding the provision of financial services to low-income households and small businesses, it can serve as a powerful lever in helping create a more inclusive society but—if not well managed—it can amplify inequalities.

Hand to Mouth

Author : Linda Tirado
Publisher : Penguin
ISBN 13 : 0425277976
Total Pages : 242 pages
Book Rating : 4.4/5 (252 download)

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Book Synopsis Hand to Mouth by : Linda Tirado

Download or read book Hand to Mouth written by Linda Tirado and published by Penguin. This book was released on 2015-09-01 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The real-life Nickel and Dimed—the author of the wildly popular “Poverty Thoughts” essay tells what it’s like to be working poor in America. ONE OF THE FIVE MOST IMPORTANT BOOKS OF THE YEAR--Esquire “DEVASTATINGLY SMART AND FUNNY. I am the author of Nickel and Dimed, which tells the story of my own brief attempt, as a semi-undercover journalist, to survive on low-wage retail and service jobs. TIRADO IS THE REAL THING.”—Barbara Ehrenreich, from the Foreword As the haves and have-nots grow more separate and unequal in America, the working poor don’t get heard from much. Now they have a voice—and it’s forthright, funny, and just a little bit furious. Here, Linda Tirado tells what it’s like, day after day, to work, eat, shop, raise kids, and keep a roof over your head without enough money. She also answers questions often asked about those who live on or near minimum wage: Why don’t they get better jobs? Why don’t they make better choices? Why do they smoke cigarettes and have ugly lawns? Why don’t they borrow from their parents? Enlightening and entertaining, Hand to Mouth opens up a new and much-needed dialogue between the people who just don’t have it and the people who just don’t get it.

Leave No One Behind

Author : Homi Kharas
Publisher : Brookings Institution Press
ISBN 13 : 081573784X
Total Pages : 335 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Leave No One Behind by : Homi Kharas

Download or read book Leave No One Behind written by Homi Kharas and published by Brookings Institution Press. This book was released on 2019-10-29 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ambitious 15-year agenda known as the Sustainable Development Goals, adopted in 2015 by all members of the United Nations, contains a pledge that “no one will be left behind.” This book aims to translate that bold global commitment into an action-oriented mindset, focused on supporting specific people in specific places who are facing specific problems. In this volume, experts from Japan, the United States, Canada, and other countries address a range of challenges faced by people across the globe, including women and girls, smallholder farmers, migrants, and those living in extreme poverty. These are many of the people whose lives are at the heart of the aspirations embedded in the 17 Sustainable Development Goals. They are the people most in need of such essentials as health care, quality education, decent work, affordable energy, and a clean environment. This book is the result of a collaboration between the Japan International Cooperation Research Institute and the Global Economy and Development program at Brookings. It offers practical ideas for transforming “leave no one behind” from a slogan into effective actions which, if implemented, will make it possible to reach the Sustainable Development Goals by 2030. In addition to policymakers in the field of sustainable development, this book will be of interest to academics, activists, and leaders of international organizations and civil society groups who work every day to promote inclusive economic and social progress.

Childhood Poverty and Social Exclusion

Author : Tess Ridge
Publisher : Policy Press
ISBN 13 : 1861343620
Total Pages : 192 pages
Book Rating : 4.8/5 (613 download)

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Book Synopsis Childhood Poverty and Social Exclusion by : Tess Ridge

Download or read book Childhood Poverty and Social Exclusion written by Tess Ridge and published by Policy Press. This book was released on 2002-10-02 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Childhood poverty has moved from the periphery to the centre of the policy agenda following New Labour's pledge to end it within twenty years. However, whether the needs and concerns of poor children themselves are being addressed is open to question. The findings raise critical issues for both policy and practice - in particular the finding that children are at great risk of experiencing exclusion within school. School has been a major target in the drive towards reducing child poverty. However, the policy focus has been mainly about literacy standards and exclusion from school. This book shows that poor children are suffering from insufficient access to the economic and material resources necessary for adequate social participation and academic parity. Childhood poverty and social exclusion will be an invaluable teaching aid across a range of academic courses, including social policy, sociology, social work and childhood studies. All those who are interested in developing a more inclusive social and policy framework for understanding childhood issues from a child-centred perspective, including child welfare practitioners and policy makers, will want to read this book. Studies in poverty, inequality and social exclusion series Series Editor: David Gordon, Director, Townsend Centre for International Poverty Research. Poverty, inequality and social exclusion remain the most fundamental problems that humanity faces in the 21st century. This exciting series, published in association with the Townsend Centre for International Poverty Research at the University of Bristol, aims to make cutting-edge poverty related research more widely available. For other titles in this series, please follow the series link from the main catalogue page.

Understanding and Reducing Persistent Poverty in Africa

Author : Christopher B. Barrett
Publisher : Routledge
ISBN 13 : 1317997468
Total Pages : 278 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Understanding and Reducing Persistent Poverty in Africa by : Christopher B. Barrett

Download or read book Understanding and Reducing Persistent Poverty in Africa written by Christopher B. Barrett and published by Routledge. This book was released on 2013-10-21 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior work has shown that there is a significant amount of turnover amongst the African poor as households exit and enter poverty. Some of this mobility can be attributed to regular movement back and forth in response to exogenous variability in climate, prices, health, etc. ('churning'). Other crossings of the poverty line reflect permanent shifts in long-term well-being associated with gains or losses of productive assets or permanent changes in asset productivity due, for example, to adoption of improved technologies or access to new, higher-value markets. Distinguishing true structural mobility from simple churning is important because it clarifies the factors that facilitate such important structural change. Conversely, it also helps identify the constraints that may leave other households caught in a trap of persistent, structural poverty. The papers in this book help to distinguish the types of poverty and to deepen understanding of the structural features and constraints that create poverty traps. Such an understanding allows communities, local governments and donors to take proactive, effective steps to combat persistent poverty in Africa. This book was previously published as a special issue of the Journal of Development Studies.