Working hard, working poor: a global journey

More than three billion people in the world live on less than two-and-a-half U.S. dollars per person per day. In this book the author explains how the poor work, how they have improved their self-employment earning opportunities, how poor-country governments can stimulate more inclusive economic growth, and how they can be aided. Studies have shown repeatedly that the main and often the sole asset of the poor is their labor. It follows that to understand global poverty one must understand labor markets and labor earnings in the developing world. Excellent books exist on ending world poverty that discuss in depth many important aspects of economic development but do not focus on employment and self-employment, work and non-work. This book fills in where the other books leave off. Issues of analyzing poverty and low earnings in the developing world are quite different from those in the developed world. The discourse in the developed world is about incentive effects of social welfare programs, cultures of poverty, single-parenthood, homelessness, drug and alcohol abuse, ill health, mental illness, domestic violence, and the like. But in the developing world, different issues predominate, such as own-account work and household enterprises, agricultural work, casual employment, and informal work. And some of the policy issues such as stimulating economic growth, harnessing the energies of the private sector, increasing paid employment, and raising the returns to self-employment, take a different twist. This book shows how people in poverty work, what has been effective in helping the poor earn their way out of poverty, and how they might be helped.

How the Poorer Half Works. A life's journey -- A problem of enormous proportions -- Four workers' stories -- How the poor are working -- Labor markets in a globalized world. -- Helping the Poor Earn Their Way Out of Poverty. Setting objectives, facing tradeoffs -- Growth, trade, and aid -- Harnessing the energies of private companies -- Labor market policies for generating more wage employment -- Increasing self-employment earnings. -- Taking Action. What can you do?