Book Review
Authors hope to provide insights to financial institutions that address poverty
PORTFOLIOS OF THE POOR:HOW THE WORLD’S POOR LIVE ON $2 A DAY
By Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven
Published by Princeton University Press, $19.95
Want to know how the poor live? Read their diaries. Subir and Mumtaz live with their five children in Dhaka, Bangladesh. With the help of odd jobs and inconsistent employment they aim at making $1 a day per person. Even during the good times they rarely make that much and in bad times they typically earn less than half. Eating three square meals every day is a blessing, but it is not unusual to eat only twice and sometimes once. Given the unpredictability of their finances, carefully managing any money that they are able to acquire is a constant concern.
Book Review
CLIMATE REFUGEES
By Collectif Argos
Published by MIT Press, $29.95
This book argues that the legal definition of a refugee should be expanded to cover those severely affected by the environmental consequences of climate change.
