"The big solution to global poverty is smaller than you think, but it requires a new philanthropic strategy to change the way we see ourselves and those we hope to help.
The easier it is to exercise economic rights, the less likely you are to find poverty.
In a forthcoming 2018 annual report from the World Bank, for the first time the relationship between small institutional reforms, like strengthening private property rights, and poverty will be quantified.The findings show that for every five-unit increase in a country’s score on the “Doing Business” report, poverty drops one percentage point.
In other words, the easier a government makes it for the poor to exercise their economic rights, the less likely you are to find poverty in that country.
...The implication of this finding is that the poor know better than we do how to lift themselves out of poverty.
So why don’t we let them?
The answer is because today’s economic development aid juggernaut perpetuates a paternalism that relies too heavily on the technical expertise of outsiders and ignores, at its peril, the tacit knowledge possessed only by local beneficiaries.
Here’s an example..."
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