To browse Academia. The authors provide a radical rethinking of poverty alleviation strategies, basing their insights on extensive fieldwork conducted with various stakeholders across the globe.
They argue that the poor are rational decision-makers who navigate their challenging circumstances with considerable care, yet are often hindered by a lack of access to information and institutions designed for their needs. The book seeks to challenge misconceptions about poverty and provide a nuanced understanding of the complexities faced by the world's poorest individuals. Introduction: Abhijit Banerjee and Esther Duflo provided a summary overview of findings of surveys of 14 different places 13 countries 2 around the world.
Data from both primary sources field survey in India and secondary sources Household survey by World bank and Rand Corporation were compiled and compared in order to have broader understanding of the economic lives of the poor people.
It helps to comprehend their accessible choices, preferences and agencies in particular ways and consequences upon overall economic life in general.
This study is based on two fundamental premises. The first is that orthodox researches on poverty, which start from well-established premises regarding what constitutes poverty and its dynamics, are often unable to identify the local attributes of poverty and its causes. The second is that strategies to improve the living condition of poor people often flounder because the 'objects' of these strategies make virtually no contribution to their design or their implementation which are in the hands of the 'benevolent' non-poor.
