I’ve summarized, in point form, a document that was produced by the World Bank. The document is entitled, Attacking Poverty: Opportunity, Empowerment, and Security, which is reproduced below in the box. I’ve specifically focused on the section about moving from strategy to action by maximizing opportunities.
Encouraging effective private investment:
- by reducing risk for investors
- with special measures for micro-enterprise and small businesses
- with complementary public investment in expanding infrastructure and communications
- by upgrading the skills of the labour force
- and increasing education.
Expanding into international markets
- with attention to reduce the risk of high volatility in capital flows
- by developing the technological mechanisms for international trade
- with attention to the legalities of national and international intellectual property rights.
Building the assets of people living in poverty
- by increasing public spending on people living in poverty to relax constraints on the demand side
- with good quality service delivery through sound governance and multiple markets
- with the participation of local communities in choosing the services and monitoring them to keep them accountable
- by improving the natural environment to reduce health risks.
Addressing asset inequalities across gender, ethnic, racial and social divides
- by using a mix of public spending, institutional change and participation.
Getting infrastructure and knowledge to poor areas, both rural and urban
- including transport, telecommunications, schools, health services, and electricity
- by expanding access to information for poor areas, to allow them to participate in markets and to monitor the local government.
The Media Company
- producing content that inspires and informs people on subjects of social change and progressive development
- building the infrastructure for people living in poverty to access the opportunities for economic development through the production of digital media.
- provide the technological tools of the creation of digital media content
- provide access to markets that focus on knowledge transfer and microtransactions
- support the deployment of technological tools to support the creation of digital media content through participatory NGOs and government programs
- support the free-flow exchange of ideas, content, education, and cultural self-expression
- provide monetary incentive for the creation of digital media content for low-income producers
- provide access to capital-rich markets to support the creation and distribution of digital content from poor regions.