chapter  8
13 Pages

The ends of poverty

ByAdam D. Kiš

In 2005, Jeffrey Sachs published his landmark work entitled The End of Poverty in which he argued that eliminating poverty on a grand scale is not only possible, but also imperative, and that the primary thing that is needed to bring it about is an enormous scaling up of funding from rich countries. If we look at poverty and development only with macroeconomic eyes, we can easily assume that the end of all poverty is nigh. But it is not, and that is because of microeconomic factors. Another symptom of big-picture thinking is the failure to appreciate regional and cultural differences that will call for different approaches in tackling poverty. Poverty is a human problem, and as such, any given development thinker's adamant attempt to hail his or her pet theory of poverty eradication as the metanarrative to end all others does not make it so.