Acton Institute Powerblog Archives

Post Tagged 'Extreme poverty'

Does Microfinance Help the Poor?

This week at the Institute for Faith, Work and Economics, contributor James Clark asked, “Can microfinance really help the poor?” His conclusion: yes microfinance can work, but with certain caveats. In the last decade, microfinance has become a popular strategy in poverty alleviation, yet many economists and philanthropists often call its effectiveness into question. Continue Reading...

The Most Important (Good) News Story of 2015

From mass shootings to terrorist attacks, political incompetence to racial unrest, there has been no shortage of bad news stories in 2015. Death, destruction, and divisiveness tend to dominate the news cycle, leading us to despair over the direction our world is headed. Continue Reading...

Why Does No One Believe Extreme Poverty Has Declined?

Would you say that over the past three decades (since about the mid-1980s) the percentage of people in the world who live in extreme poverty — defined as living on less than $1.25 per day — has: A) Increased B) Decreased C) remained the same The right answer is B: extreme poverty has decreased by more than half. Continue Reading...