A Problem of Enormous Proportions

Gary S. Fields

in Working Hard, Working Poor

Published in print December 2011 | ISBN: 9780199794645
Published online January 2012 | e-ISBN: 9780199928606 | DOI:
A Problem of Enormous Proportions

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This chapter aims to educate the reader on the enormity of the world's poverty problem. Poverty rates in the world have fallen by half and yet serious poverty remains. There are five ways out of poverty: public transfers, private transfers, internal migration, international migration, and higher labor market earnings. The author explains why “earning their way out of poverty” can be a powerful rallying cry in policy circles. The chapter concludes by answering the question, “Why should we care so much about poverty elsewhere when we have so much poverty in our own country?”

Keywords: poverty rates; transfers; migration

Chapter.  4174 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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