How to Promote Long-Term Choices In a Short-Term World

What happens when you’re a parent in the developing world who can only provide for the family if you take your kids out of school and have them work?  Not giving them an education will sacrifice their long-term potential, but sometimes short-term needs are just too urgent. Conditional cash transfers (CCTs) attempt to make that … Continue reading

Microcredit and the Alternative to “Job Creation”

When money is lent to the right people under the right conditions, it can transform lives and even entire communities.  This principle has been driving a revolution in international development: the microcredit revolution. Normally, the only financing available to impoverished communities comes from loan sharks, who require such exploitative rates that borrowers can never escape … Continue reading

Freedom From? Or Freedom to Do and Become?

The dominant trend in international development today is to provide individuals with the means to climb out of poverty on their own terms.  The key theorist responsible for this trend is Nobel Prize laureate Amartya Sen. In his 1999 book, Development as Freedom, Sen proposed a new definition for development. Rather than thinking of development … Continue reading

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