This document discusses global poverty and policies aimed at reducing it. It summarizes key points from the book "Poor Economics" which argues that to effectively address poverty, one must understand the decisions and incentives that guide the lives of poor people. While policies have aimed to eliminate poverty, billions continue living in poverty. The document examines some behaviors of the poor that may seem counterproductive, such as spending on entertainment or costly weddings, but are rational decisions given their circumstances and incentives. It calls for rethinking approaches to poverty reduction.

2. “Poverty is the worst form of Violence” – Mahatma Gandhiji
“Poverty creating poverty”– Gunnar Myrdal
“ A country is poor , because it is poor” – Ragnar Nurkse

3. INTRODUCTION
• One of the hotly debated topics
international development is
global poverty and policies that
need to be implement to solve it.
• Eliminating poverty and hunger
by 2015 is the one goal of
Millennium Development Goals

4. • Billions of dollars have been devoted to
eradicate poverty in Africa, Latin America
and Asia.
• The problem remains and rethinking of the
nature of poverty to implement better and
effective policies.

6. Poor economics
• In “Poor economics” Banerjee
and Duflo force us to rethink
about global poverty.
• Their aim is to understand the
basic insights and incentives that
guide poor people’s decisions
and lives.

7. Poverty Action Lab
• Abdul Latif Jameel Poverty Action
Lab is a global research centre
working to reduce poverty by ensuring
that policy is informed by scientific
evidence.
• Founded 2003

9. Poor Decisions
• In other cases, they might spend
money on alcohol, tobacco and
festivals even though they don't
have enough to eat.

10. Entertainment v/s Poverty
• In one village in Morocco, Banerjee and Duflo
talked to a man who didn't have enough money
to feed his family, but had a TV and a DVD
player.

11. Tasty v/s Nutritious Food
• Even when they do buy food, they
might opt for food that is tasty, rather
than nutritious.

12. Poverty and marriage
• These days Indian common people weddings
may cost between Rs 5 lakhs to Rs 20 lakhs.
This does not include the dowries (if any) and
the cost of jewellery.

13. Education v/s Poverty
• On the issue of education, it may be the case
that the poor undervalue the importance of
even a small amount of education.

14. Think again and again
Will Poverty eradicated?
When?
How?
From whom?

15. Presented by
JYOTHI. S
Assistant Professor
Dept of Economics
GFGCW,
Holenarasipura