The poverty problem and the industrialization solution

Sharon A. Alvarez, Jay B. Barney, Arielle M.B. Newman

Research output: Contribution to journalArticlepeer-review

52 Scopus citations

Abstract

Despite decades of effort, abject poverty remains a serious problem in many countries around the world. The effects of five approaches to poverty alleviation—foreign aid, microfinance, social entrepreneurship, base of the pyramid initiatives, and the establishment of property rights among the abjectly poor—are briefly reviewed. While each of these approaches has some benefits, none have fulfilled their promise of poverty alleviation. Ironically, as these efforts have gone forward, international industrialization has had a more significant impact on poverty alleviation in at least some countries.

Original languageEnglish (US)
Pages (from-to)23-37
Number of pages15
JournalAsia Pacific Journal of Management
Volume32
Issue number1
DOIs
StatePublished - Mar 2015
Externally publishedYes

Keywords

  • Base-of-pyramid
  • Development
  • Economic aid
  • Economic growth
  • Entrepreneurship
  • Innovation
  • Poverty

ASJC Scopus subject areas

  • Business and International Management
  • Economics, Econometrics and Finance (miscellaneous)
  • Strategy and Management

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