In this new op-ed in IPS News Agency, Dr Imran Matin and Dr Stephanie Levy discuss eradicating extreme poverty in Asia. Over the past two decades, researchers have gained four key insights from BRAC’s Ultra-poor Graduation approach, which policymakers can apply to strengthen efforts to alleviate extreme poverty.
a. Some people in extreme poverty need a big push—a transfer of both assets and skills large enough to break out of the poverty trap and stay out of this trap long after the program stops.
b. Multifaceted interventions can address the multidimensional nature of extreme poverty, characterized not only by a lack of income but also poor health, social isolation and exclusion, a lack of education and professional skills, and low subjective well-being.
c. Anti-poverty programs/policies need adaptive resilience-building components based on practical knowledge to prevent people from falling back into poverty. By doing so, Asian nations can prevent possible undoing of progress due to sudden economic, climate, or health shocks.
d. Studies by the London School of Economics and the UNDP in Cambodia show that graduation interventions have the potential to stimulate the participant’s local economy, and if scaled up, result in wider economic growth.
In this new op-ed in IPS News Agency, Dr Imran Matin and Dr Stephanie Levy discuss eradicating extreme poverty in Asia. Over the past two decades, researchers have gained four key insights from BRAC’s Ultra-poor Graduation approach, which policymakers can apply to strengthen efforts to alleviate extreme poverty.
a. Some people in extreme poverty need a big push—a transfer of both assets and skills large enough to break out of the poverty trap and stay out of this trap long after the program stops.
b. Multifaceted interventions can address the multidimensional nature of extreme poverty, characterized not only by a lack of income but also poor health, social isolation and exclusion, a lack of education and professional skills, and low subjective well-being.
c. Anti-poverty programs/policies need adaptive resilience-building components based on practical knowledge to prevent people from falling back into poverty. By doing so, Asian nations can prevent possible undoing of progress due to sudden economic, climate, or health shocks.
d. Studies by the London School of Economics and the UNDP in Cambodia show that graduation interventions have the potential to stimulate the participant’s local economy, and if scaled up, result in wider economic growth.
