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Jaime Mogollón Michilot

Economic Student,

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How we can reduce poverty and inequality in developing countries?

I'm from Peru. A developing country. We are having a good perfomance in our economy, but we have to face a non resolved problem. One to 3 peruvians live on poverty conditions (see the link for wikipedia information bit.ly/17qs4Rw) .
How we can face this problem?

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  • Oct 2 2013: I am a firm believer that the best programs are ones that are grass roots and most if not all the work/plan is done by local individuals. The micro loan approach seems to work really well and helps the locals establish small industries. If they need help planning, the micro load agency teaches classes and gives suggestions but does not do the planning or work.

    Another characteristic is that the locals may be below the poverty line but they do not feel poor nor do they feel that they are victims. These feelings usually lead to incorrect expectations with poor planning and/or execution.
    • Oct 5 2013: Poor people must make the effort to help themselves and to be seen by the rest of the world to be doing so and thus attract Foreign Aid.

      Wayne I too believe micro business is a good way forward. The touchy subject of family planning and microchip contraception (Bayer put it out at $8.10 and lasts 5 years) helps tremendously. With less birth rates of 8 or 10 children down to 1 or 2, aid or tax money, then goes not just to food and water but to building homes, solar power, vehicles, permaculture, computers mobile phones small businesses.

      Some poor nations do not have income tax so do not help their poor.

      Many so called rich nations have their own poor (unemployed) and pensioners who live below the poverty line and this inequity needs addressing too.
      • Oct 7 2013: micro loan companies in the past have avoided being tied to a government local or outside for that very reason of control.

        Agreed, power, water, infrastructure, etc. are key but they come with products that the world there or outside world wants.

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