Innovation in fighting world poverty
Mention globalisation and most people think of goods heading across the world from East to West and dollars moving in the other direction. Yet globalisation works for ideas too. Take Brazil’s Bolsa Família (“Family Fund”) anti-poverty scheme, the largest of its kind in the world. Known in development jargon as a “conditional cash transfer” programme, it was modelled partly on a similar scheme in Mexico. After being tested on a vast scale in several Latin American countries, a refined version was recently implemented in New York City in an attempt to improve opportunities for children from poor families.