-The Economic Times Extreme poverty afflicts more than one in five people, according to the World Bank. The institution's new president, Jim Yong Kim, speaks of the need to "bend the arc of history in order to eliminate extreme poverty and achieve shared prosperity". At a time when his bank's resources as well as the budgetary resources of governments are limited, Brazil offers important lessons on how to eliminate extreme poverty and...
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Developing countries experiencing unprecedented growth, says UN report
-The United Nations The rapid growth of developing countries is propelling millions out of poverty on an unprecedented scale and radically reshaping the global system, according to a flagship United Nations report launched today. “The rise of the South is unprecedented in its speed and scale,” says the Human Development Report 2013, which uses the term “South” to mean developing countries and “North” to mean developed nations. “Never in history have the...
More »Build a company like Infosys, lift people out of poverty: World Bank president
-NDTV Jim Yong Kim, who took over as the president of the World Bank in July last year, is on his maiden visit to India. He speaks to NDTV's Vikram Chandra on his first impressions of the country, the development challenges that India is facing and how poverty levels can be brought down. Here are the highlights of what Mr. Kim said: Significant that I went to Uttar Pradesh in my first...
More »Don’t rush with cash transfers as it needs preparation-Ajay Chhibber & K Seeta Prabhu
-The Economic Times Cash transfer in various forms has been used in many countries to target support to the poor and achieve social objectives. In India, its introduction has generated more passion than rational debate. The scheme is not a magic bullet, but if properly implemented and targeted, cash transfer is a very sensible instrument of social assistance. In India, the rationale for introducing the scheme seems to be to check...
More »The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay
The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...
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