{"id":2860,"date":"2018-02-06T11:54:16","date_gmt":"2018-02-06T16:54:16","guid":{"rendered":"http:\/\/sites.nd.edu\/entrepreneurlaw\/?p=2860"},"modified":"2018-02-06T13:11:29","modified_gmt":"2018-02-06T18:11:29","slug":"poverty-inc-critique-article-discussion","status":"publish","type":"post","link":"https:\/\/sites.nd.edu\/entrepreneurlaw\/2018\/02\/06\/poverty-inc-critique-article-discussion\/","title":{"rendered":"Poverty Inc Critique Article & Discussion"},"content":{"rendered":"

https:\/\/www.huffingtonpost.com\/entry\/whats-wrong-with-poverty-inc-a-critical-review_us_59c1b313e4b0c3e70e7428cc\u00a0<\/a><\/p>\n

This is a link to an article critiquing “Poverty Inc.” in an academic\u00a0sense\u00a0not a normative\u00a0one. I see it as offering further ideas for\u00a0exploration.<\/p>\n

Like the article mentions, I think the best part of the movie was its informative value. Like mentioned in class, I do not think willing donors should be chastised for development problems. A giving\u00a0heart is the most important quality for helping developing countries\u00a0and should be\u00a0respected. I think in\u00a0large, the problem lies in lack of understanding: particularly in economics (i.e.: how shipping a subsidized and already cheaper crop into a country with tariff restrictions can destroy a market in an African country). Donators cannot be to blame but at a point those in charge of such organizations after having been told of the troubles by locals should eventually result in different action on their behalf. And if there is no change I think it reasonable to explore why.<\/p>\n

The article also discusses an important part of development – financing. The article mentions ways developed countries might work with developing nations in this area. “Working with,” denotes the “partnership,” over “paternalistic” paradigm of development argued for in the film. I don’t see how help can be much other than a partnership if we believe people in developing countries know what they need which I think\u00a0is the\u00a0case.<\/p>\n

I do not know a whole lot about financing but more about the law as a law student. I think financing issues for\u00a0middle class\u00a0business men\u00a0could potentially be helped by better laws though.\u00a0If\u00a0laws were established to promote well-being for the average person in developing countries I could see how\u00a0finaciers\u00a0would be more comfortable giving loans to medium sized businesses: small loans impute less risk because of the small amount\u00a0loaned\u00a0and large loans are likely to the “well-connected” in those countries\u00a0whose\u00a0 risk\u00a0of default is much lower. The uncertainty for the middle class might be at part to blame for exorbitant and seemingly\u00a0userous\u00a0interests\u00a0rates\u00a0for the middle-class business.<\/p>\n

A way to get better laws for the average person in developing countries,\u00a0 including the kind promoting middle-level lending might be to tie economic interests of countries willing to lend with interests of the developing countries. This is just the idea of international trade – the blocking off from which was often used describe poverty by the main speakers in the film.<\/p>\n

If developing countries received training to produce commodities they have a competitive advantage in – commodities that allow for them to produce that good more efficiently compared to other countries\u00a0(an example in Africa might be involve use of its vast natural resources) – then in theory developing countries could\u00a0create an economy. At first it could be based\u00a0on\u00a0working its way to\u00a0production\u00a0(teaching, building etc.).\u00a0Then the economy could transition\u00a0into actual production\u00a0and\u00a0engage in international\u00a0trade. Help from developing countries would be integral in the development stage – the right kind of aid (resources education, medical attention: physical and psychological).\u00a0Furthermore\u00a0I believe people in these developing countries are adequately prepared to handle the change to development. This was evidenced in the film and I personally know several people from developing countries in Africa working in incredibly complex professions in the States, such as neuro-surgery). I also don’t know how the guy in the film developed a solar panel with the limited access to high-technical training and the internet. Limited access to both of those things I can only assume is the norm over there.<\/p>\n

If developed countries are open to investing in development in these countries and engaging in trade with them, developing countries may experience shifts in resource allocation\u00a0in different sectors\u00a0(in the short-term) but in theory,\u00a0hopefully that problem could\u00a0be alleviated with sector subsidies or tax deductions and\u00a0in the long\u00a0run,\u00a0with\u00a0education and training.\u00a0Also, in the long run,\u00a0economic theory\u00a0suggests\u00a0persons abroad and at home would be better-off because efficiency\u00a0(cheaper\u00a0production) and\u00a0trade which\u00a0means higher net profit for both countries (all else\u00a0equal).\u00a0Of course\u00a0this situation also assumes some of a\u00a0commitment to altruism and not playing the economic game in a monopolistic, status-maintaining over adjusting manner.\u00a0The result of such action could be better laws in developing countries.\u00a0Investors need\u00a0the security of laws for their investments and money talks\u00a0–\u00a0produces action.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

https:\/\/www.huffingtonpost.com\/entry\/whats-wrong-with-poverty-inc-a-critical-review_us_59c1b313e4b0c3e70e7428cc\u00a0 This is a link to an article critiquing “Poverty Inc.” in an academic\u00a0sense\u00a0not a normative\u00a0one. I see it as offering further ideas for\u00a0exploration. Like the article mentions, I think the best part of the movie was its informative value. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2876,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2860","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/2860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/users\/2876"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/comments?post=2860"}],"version-history":[{"count":2,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/2860\/revisions"}],"predecessor-version":[{"id":2887,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/posts\/2860\/revisions\/2887"}],"wp:attachment":[{"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/media?parent=2860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/categories?post=2860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.nd.edu\/entrepreneurlaw\/wp-json\/wp\/v2\/tags?post=2860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}