spollar at calstatela.edu
05-09-1996, 03:10 PM
In-Reply-To: Grameen Bank story, From: William Myers <WMye
Poverty is an income problem, not a credit/finance probelm. The only way to
³effectively raise incomes is by increasing productivity. Schemes like the
³Grameen Bank reinforce poverty, because the technology used results in low
³levels of resource productivity. We get a poor, but efficient
³result. The goal of policymakers who want to alleviate poverty should focus
³on raising incomes by improvements in productivity.
³
³Steve Pollard
This post transferred from the cdb-l mailing list
Poverty is an income problem, not a credit/finance probelm. The only way to
³effectively raise incomes is by increasing productivity. Schemes like the
³Grameen Bank reinforce poverty, because the technology used results in low
³levels of resource productivity. We get a poor, but efficient
³result. The goal of policymakers who want to alleviate poverty should focus
³on raising incomes by improvements in productivity.
³
³Steve Pollard
This post transferred from the cdb-l mailing list