Posts tagged with: TOMS Shoes

tomsWhen proposing a solution to an economic problem the first question that should be asked is, “Is the solution likely to fix the problem?”

While that may seem too obvious to mention, it’s surprising how many times that question is not given serious consideration. In the past this has been particularly true of poverty-reduction measures. Too often the solutions were judged mainly on motives and emotions rather than effectiveness. If the solution was proposed in a spirit of goodwill and generosity or if it made both the giver and receiver feel good, then why not try it?

Over the past few years, though, there has a been promising shift within poverty-fighting circles. A prime example is TOMS Shoes rethinking of its ‘buy one, give one’ model of helping the needy. The California-based company’s model of giving a pair of shoes to a child in need for ever pair bought by it’s customers has spawned copy-cats in various industries — from baby goods to solar panels. Yet as PRI notes,
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