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#837 - Rory Stewart - The Truth Behind The Fall Of The UK
Modern Wisdom
Trust Over Tools: Empower with Cash
Risk aversion in international development leads to inefficiencies where fear of failure blocks innovation, wasting significant funds. While global poverty statistics improve due to large populations in countries like China and India, regions like sub-Saharan Africa still face alarming increases in absolute poverty. The real issue is the growing number of individuals without basic needs being met. Direct cash transfers emerge as a powerful solution, empowering individuals with autonomy and dignity, as they are better equipped to determine their unique needs than outsiders. Trusting local expertise over external consultation promotes effective resource allocation.
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