Want to alleviate developing world poverty? Alleviate price risk.​ (2018)

Abstract

The following is an excerpt from this piece by Peter Harrigan: https://medium.com/greyswandigital/want-to-alleviate-developing-world-poverty-alleviate-price-risk-39958aad8359 Abject poverty in the world is declining. Both the number of people and, of course, the percentage of the world’s population living in poverty is declining at a rate never seen in history. This is great news.But the sheer number of people getting by on $2.50 a day or less remains staggering. It’s over 3 billion people.While many organizations perform invaluable work attempting to address this problem, one of the more overlooked sources of poverty in the developing world is price risk. There are, of course, plenty of risks for the small farmer, but price risk adds to the overall burden.