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We often think of poverty in America as a pool, a fixed portion of the population that remains destitute for years. In fact, Krishna says, poverty is more like a lake, with streams flowing steadily in and out all the time. “The number of people in danger of becoming poor is far larger than the number of people who are actually poor,” he says.
The concept of The Fortune at the Bottom of the Pyramid originally appeared as an article by C. K. Prahalad and Stuart L. Hart in the business journal Strategy+Business. [1] [2] The article was followed by a book with the same title that discusses new business models targeted at providing goods and services to the poorest people in the world.
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
The terms poverty industry or poverty business refer to a wide range of money-making activities that attract a large portion of their business from the poor.Businesses in the poverty industry often include payday loan centers, pawnshops, rent-to-own centers, casinos, liquor stores, lotteries, tobacco stores, credit card companies, and bail-bond services.
In a newly released interview, taped on March 3, Wes Moore — the chief executive of New York City-based philanthropic organization Robin Hood — said Fortune 500 companies can play a “big ...
The company says it has trained farmers to collect water samples so they can verify for themselves that the water they rely on is safe. “It is important to be transparent,” Velarde said. Large Investments, Large Risks. The World Bank Group aims to cure “extreme” poverty by financing development in the planet’s poorest places.
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In Honduras, the business-lending arm of the World Bank aligned itself with a key player in a land dispute that has left more than 130 people dead, including Gregorio Chávez, a preacher who went out to tend his garden one day and didn’t come back. In the last decade, the International Finance Corp.’s lending and influence has soared, even as it has embraced financing methods that shield ...
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