Explain the Sachs-Easterly debate (re: the pros and cons of financial aid to the poor) to a business manager interested in alleviating poverty.
You are explaining the Sachs-Easterly debate (re: the pros and cons of financial aid to the poor) to a business manager interested in alleviating poverty. You tell her that Sachs sees the poverty trap as the source of poverty, while Easterly has refuted the argument using statistical data. After listening to you, she states: “Although the two gentlemen have good points, they are discussing poverty at the country level. For me, poverty resides at the household or individual level. Specifically, the poverty trap might or might not hold at the country level (re: Africa, Asia, among others), but there is considerable evidence that many households in these countries are very poor and need help in bailing them out.” Please respond by reformulating the Sachs and Easterly debate, particularly their proposals, at the household/individual instead of the country level (40 points).
