Which Anti-Poverty Policies Work?
In fighting poverty, we should be skeptical of silver bullets and ensure that every policy, however well intentioned, receives deep scrutiny. That rules out some of the most hyped measures, including most microcredit schemes and debt waivers.
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VIJAYAWADA, INDIA – Some policies seem so altruistic that it is almost impossible to imagine any objection to them. For example, lending small amounts of money or writing off debts to help the extreme poor are intended to help the most vulnerable, and both approaches seem entirely sensible. However, scrutiny reveals these well-intentioned policies to be misguided.