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Wealth Creation Approach to Reducing Global Poverty
Paperback
EconomicsInvesting & FinanceGeneral Sociology
ISBN13: 9789811541186
Publisher: Palgrave MacMillan
Published: May 20 2021
Pages: 281
Weight: 0.87
Height: 0.67 Width: 5.83 Depth: 8.27
Language: English
This book takes a unique approach to the topic of poverty reduction, primarily employing an international business framework as opposed to the usual economic or political lens. Some of the key ideas explored in the book include: poverty is primarily the lack of choices, not the lack of material possessions; attacking inequality of opportunity might be a more effective means to reduce poverty than attaching inequality of wealth; political systems matter, but individuals and for-profit firms also have a vital and indispensable role in helping to create the wealth needed to reduce poverty; and an effective corporate social responsibility strategy to help reduce poverty may include finding innovative and creative ways to operate profitably in areas of the world where poverty is currently robbing too many people of the opportunity to live their version of the good life.
Building on such ideas, the book advocates for private companies to expand operations into theleast developed regions of the world as part of their corporate social responsibility programs and to reframe the debates away from ones focused on exploitation and economic nationalism to one of creating opportunities across political borders.
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