TED Talks Daily cover image

To end extreme poverty, give cash — not advice | Rory Stewart

TED Talks Daily

NOTE

Capital Empowers Change

Studies reveal that financial cash injections significantly improve community outcomes, reducing child mortality and depression while enhancing education, health, business growth, savings, income, and investments. This intervention creates a multiplier effect, yielding $2.50 in benefits for every dollar spent, acting as a fiscal stimulus. Rather than fostering dependency, recipients actively invest the funds productively. The underlying reason for this effectiveness lies in the fact that those in extreme poverty often lack capital, not knowledge. With sufficient resources, individuals can utilize their existing skills to enhance their businesses, as illustrated by the example of Jean, who simply needed funds to expand her grocery offerings.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner