Alleviating Poverty

A Business Week report looks at promising projects in the developing world which can be replicated globally:

The Bangladesh Rural Advancement Committee (BRAC) has educated and provided business loans to 4 million poor women who have long been disenfranchised in that predominantly Muslim society. In China, an ambitious effort to award long-term land tenure to 210 million families is giving the rural poor a chance to build wealth and diversify into cash crops. In Mexico, a microcredit bank is on its way to becoming a profitable institution while still serving the poor. In India, digital technologies are helping transform impoverished villages. And in Mozambique, an innovative program to immunize children against diseases could serve as a model for mobilizing aid to conquer a wide range of health problems.

An interesting point made by BW: “The biggest drops in global poverty will likely come in the nations that don’t need big infusions of aid because they already have the resources needed to propel growth. These include China, India, most of Latin America, the Middle East, and Eastern Europe. What these regions require is technical help, and more investment in their own people so the gains of economic growth spread more widely. That’s what East Asia did during its takeoff from the ’70s through the ’90s, when the region’s poverty rate plunged from 58% to 8%. These developing nations still need to better mobilize the domestic savings, export earnings, and sheer entrepreneurial energy they already possess.”

Via Emergic, we want to create technologies which can bring computing and communications to the mass markets, thus creating the infrastructure for various other programmes.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.