Out of Poverty: What Works When Traditional Approaches Fail

ISBN: 1605092762

Author: Polak, Paul

Condition: New

In this hard-hitting new book, Paul Polak tells why traditional poverty eradication programs have fallen so short, and how he and his organization developed an alternative approach that has succeeded in lifting 17 million people out of poverty.Based on his 25 years of experience, Polak explodes what he calls the Three Great Poverty Eradication Myths: that we can donate people out of poverty, that national economic growth will end poverty, and that Big Business, operating as it does now, will end poverty. Polak shows that programs based on these ideas have utterly failed-in fact, in sub-Saharan Africa poverty rates have actually gone up.These failed top-down efforts contrast sharply with the grassroots approach Polak and IDE have championed: helping the dollar-a-day poor earn more money through their own efforts. Amazingly enough, unexploited market opportunities do exist for the desperately poor. Polak describes how he and others have identified these opportunities and have developed innovative, low-cost tools that have helped impoverished rural farmers use the market to improve their lives.Throughout the book Polak tells fascinating and moving stories about the people he and IDE have helped, especially Krishna Bahadur Thapa, a Nepali farmer who went from barely surviving to earning $4,800 a year-solidly upper middle class by local standards. Out of Poverty offers a new and promising way to end world poverty, one that honors the entrepreneurial spirit of the poor themselves.