Giving money directly to poor people works surprisingly well. But it cannot
deal with the deeper causes of poverty:
<
http://www.economist.com/news/international/21588385-giving-money-directly-poor-people-works-surprisingly-well-it-cannot-deal>
"Now enough of these programmes are up and running to make a first assessment.
Early results are encouraging: giving money away pulls people out of poverty,
with or without conditions. Recipients of unconditional cash do not blow it on
booze and brothels, as some feared."
It turns out that just giving poor people money, no strings attached, actually
works out fairly well on average.
Share and enjoy,
*** Xanni ***
—
Andrew Pam
Partner, Glass Wings
http://glasswings.com.au/
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