Overview
Takes an international business viewpoint and approach to poverty reduction
Argues that lessons from both successes and failures of poverty reduction efforts should be used as the foundation of future programs and practices deigned to create wealth and reduce poverty
Written in an academic format but in way that is accessible to the general public
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Keywords
- Poverty reduction
- Wealth creation approach to poverty reduction
- Economic development
- Sustainable development goals
- Global value chains
- Private Sector’s Role in Creating Wealth
- Corporate social responsibility
- Inequality of income and opportunity
- Economic history
- Globalization and emerging markets
- development finance
- development policy
About this book
This book takes a unique approach to the topic of poverty reduction, primarily employing an international business framework as opposed to the usual economic or political lens. Some of the key ideas explored in the book include: poverty is primarily the lack of choices, not the lack of material possessions; attacking inequality of opportunity might be a more effective means to reduce poverty than attaching inequality of wealth; political systems matter, but individuals and for-profit firms also have a vital and indispensable role in helping to create the wealth needed to reduce poverty; and an effective corporate social responsibility strategy to help reduce poverty may include finding innovative and creative ways to operate profitably in areas of the world where poverty is currently robbing too many people of the opportunity to live their version of the good life.
Building on such ideas, the book advocates for private companies to expand operations into the least developed regions of the world as part of their corporate social responsibility programs and to reframe the debates away from ones focused on exploitation and economic nationalism to one of creating opportunities across political borders.
Authors and Affiliations
About the author
In addition to his academic experience Dr. Hipsher has experience working a race-horse trainer throughout the US and Canada, as a member of the US Navy, as a manger of an INGO and as the area manager of an export company in Thailand.
He is on the ground full-time in Asia, as a senior faculty member with Webster University’s MBA program in Thailand and has lectured, presented or taught online courses internationally at various institutions.
Bibliographic Information
Book Title: Wealth Creation Approach to Reducing Global Poverty
Authors: Scott Hipsher
DOI: https://doi.org/10.1007/978-981-15-4116-2
Publisher: Palgrave Macmillan Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
Hardcover ISBN: 978-981-15-4115-5Published: 20 May 2020
Softcover ISBN: 978-981-15-4118-6Published: 20 May 2021
eBook ISBN: 978-981-15-4116-2Published: 19 May 2020
Edition Number: 1
Number of Pages: XV, 281
Number of Illustrations: 7 b/w illustrations, 4 illustrations in colour
Topics: Development Finance, Development Economics, Development Policy, Emerging Markets/Globalization