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Chicken parties and other ways the poorest people raise money

Leora Klapper's picture

From Ghanaians who pay others to take their cash away to Peruvians who invite friends round for chicken, a World Bank survey reveals unusual ways to save.  This is an except from a post that appeared originally on The Guardian's 'Global Development Professionals Network' blog.

It was a pretty dry question: “Imagine that you have an emergency and you need to pay £1,300. How possible is it that you could come up with £1,300 within the next month? Is it very possible, somewhat possible, not very possible, or not at all possible? Would you use a credit card, dip into your savings, or ask your employer, friends or family for help?”

For a year and a half, we’d been using our questionnaire to measure how people manage their money around the world: Bangladesh, the Dominican Republic, Ghana, India, Indonesia, Kenya, Paraguay, Peru, Philippines, Sri Lanka, and Tanzania. The answers were useful, and we were building up a fascinating global picture . . .

What did Firms in Madagascar Experience?

Joshua Wimpey's picture
The goal of the Enterprise Surveys (ES) is to evaluate the quality of the business environment in the economy by asking a set of questions that capture both the experiences and perceptions of firms. This provides much needed information given how little is known about what businesses experience in developing economies. Below we provide highlights of the recently released data for Madagascar.  

Friday round up: Basu op ed, Grading the Gates' annual letter, the most powerful new tool in the history of social activism, study of solar lanterns, 6 new studies by JPAL and IPA on microcredit

LTD Editors's picture
The State of Global Poverty’ is the title of a Project Syndicate commentary by Kaushik Basu. As opinion leaders and heads of state convene in Davos, Basu reflects on the world’s rapidly changing economic geography and what it will take to get extreme poverty virtually to zero by 2030.

Measuring poverty dynamics without (actual) panel data: Could we square the circle?

Hai-Anh H. Dang's picture
Motivated by the success of the Millennium Development Goal that saw the global poverty rate in 1990 halve before 2015, the international community has multiplied its efforts to reduce poverty further. For example, the World Bank recently raised the bar by proposing that the global extreme poverty rate be reduced to 3 percent or less by 2030. This ambitious goal would no doubt require stronger efforts by all stakeholders on every battle front of poverty reduction, including the (perhaps less glorious) one of poverty measurement. 

The big economic view, Brazil, the utility of economists, slow trade, and consumption floors

LTD Editors's picture
Following a disappointing 2014, developing countries should see an uptick in growth this year, according to the latest Global Economic Prospects report. But low oil prices and a stronger US economy will not be enough to counter renewed bouts of financial market volatility and worries about diverging monetary policies across major central banks. On top of that, measures are needed to recover fiscal space in developing countries.

The Hidden Dimensions of Poverty: Prospective Impacts of Climate Change on Land Degradation and Rural Livelihoods in Bangladesh

Susmita Dasgupta's picture

Currently about one billion people, or 14.5% of the world’s population, live in extreme poverty. The prospective impacts of climate change may be a serious threat to the goals of ending poverty by 2030 and promoting shared prosperity.

To enhance the understanding of such threats, a team of researchers (David Wheeler, Mainul Huq, Md. Moqbul Hossain and myself) recently analyzed the potential effects of climate change on land degradation, livelihood of poor rural households, and the responses of those households, in coastal Bangladesh.  Our study focused on areas of coastal Bangladesh where the incidence of poverty is very high (both, in absolute terms as well as relative to the rest of the country), and where  residents  already have experienced widespread inundation and salinization of soil and water. We were looking to quantify the impacts of these events on household composition through migration decisions, and the effects they have on household economic welfare.  

Bhutan – Development Economics in the Himalayas

Kaushik Basu's picture

Landing at Paro in Bhutan involves making a question-mark shaped maneuver while dropping altitude rapidly to avoid making wing-contact with the Himalayan mountains surrounding the Paro valley where Thimphu, the capital, is also situated. A fellow passenger informs me that there are only 9 pilots in the world who are trained to make this landing. I use up one of my rare prayers to request that it be one of those flying us now. It is, I think, the infrequency of prayers that makes them so effective; our plane descends smoothly and tiptoes on to the tarmac.