Aug 10
25
World Bank Suggests Ways to Help the Poor
This is an interesting report from the World Bank. Among the suggestions to help alleviate poverty are improving the investment climate in the Philippines, and education.
The World Bank has suggested two strategies to make the poor feel the benefits of a rising economy. The first is to increase income-generating opportunities for the poor. This may be done by an aggressive effort to attract more businesses, which will open more jobs for the poor.
The foreign lender said enticing more investors would require improving the investment climate and spending more on infrastructure.
The other strategy is to improve human capital. Training Filipinos to meet the labor requirements of investors would help reduce unemployment and, therefore, poverty. Read the rest of the story here.
