Just completed the reading a book “Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty”, and surely it was a lot of time to complete this, been reading since last year. There are several things that blown my mind which is can shifting my perspective. Specifically, there’s no major correlation between the impact of government when it comes to aid for the poorer (we sometimes perceived the corruption, ineffective policy, ideologism struggle between both parties are usually the one of the major rootcause for this problem, but turns out is just one thing).
The biggest problem in itself, poverty is like a series of manageable problems that always pile up into each other every time. Even, when you wealthy person or your government have an effective policy, in the end, let’s say you have very very unfortunate luck and you may able to go to “poverty”. There is no silver bullet when it comes to solving this problem, and perhaps as stated by this book, there’s no clear answer and poverty itself will continue to exist, but we can make life less harsh, less unfair, and give people better chances to improve their situation. One thing that i liked about this book is they introduce randomized controlled trials (CRTs) to find out what interventions actually help. I think, this has shared similarities with agile concepts which are:
- small tests
- real feedback
- improvement over time
- evidence based decision but on the difference is CRTs have clear control and focus on causality