Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty – Book Report/Review Example
The paper "Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty" is a wonderful example of a book review on social science.
Poverty is one of the major problems that is affecting the African society. Due to poverty, the majority of states are unable to feed their citizens, and these people are also vulnerable to diseases such as malaria and typhoid. It is important to explain that malaria is one of the major killers of the African continent (Banerjee and Esther, 4). From this article, I was able to learn that there is a dilemma on the best method of solving the problems of poverty in the African community. One line of thought is that there is a need for giving free aid to third world countries. This would help them to use the money for purposes of development, and hence escape the concept referred to as the poverty trap. This was a new concept to me. I have never come across this concept, despite my knowledge of what it entailed. For instance, the poverty trap is a situation whereby a country or people are unable to move out of poverty, without the assistance of third parties (Banerjee and Esther, 3).
This is specifically applicable to landlocked countries, mainly because they do not have sufficient resources that can be used for purposes of escaping poverty. Proponents of free aid argue that because these countries are unable to feed their citizens, and carter for their own developmental growth, there is a need for giving them free aid. However, those who argue against free aid denote that, it is not an efficient method of poverty eradication, mainly because countries that have benefitted from it, have never achieved some elements of economic growth. In my opinion, the best method of eradicating poverty is to create a non-governmental organization within these countries, and donors should use these organizations for purposes of eliminating trade. This is because these non-governmental organizations will have the responsibility of initiating development activities.