Portfolios of the Poor: How the World’s Poor Live on $2 a Day
This groundbreaking book dives deep into the lives of the world’s poorest people, shedding light on how they successfully manage their limited resources. Written by acclaimed authors Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven, it unveils the intricacies of daily survival on just two dollars a day. The authors have meticulously gathered and analyzed extensive qualitative data on the financial behaviors of impoverished families in Bangladesh, India, and South Africa. This important work not only challenges stereotypes about poverty but also highlights the financial strategies employed by those living in extreme economic conditions. Readers will gain profound insights into the resilience and ingenuity of families navigating their precarious financial landscape.
This book is not just for economists; it’s a compelling narrative that calls for greater empathy and understanding towards those in poverty. By illustrating real-life examples, it lays bare the everyday dilemmas faced by the poor and sheds light on issues that often go unnoticed. If you are looking to enrich your understanding of global poverty and want to grasp the complexity of an ongoing crisis, “Portfolios of the Poor” is an essential read.
