How to Eradicate Global Extreme Poverty

Video Description

Welcome to our tutorial on how to eradicate global extreme poverty. Our main ingredient will be direct cash transfers to the poorest people in the world. Cash transfers are an effective way of lifting people out of poverty, and they have spillover effects that help the local economy beyond the first-order effects of the transfers. Ending global extreme poverty may seem like a tall order, but with cash transfers we can go very far. The total amount needed would be just a small fraction of what is currently spent on international aid. If you'd like to help speed up the eradication of global extreme poverty, consider donating to our campaign for GiveDirectly on the top-right of this page. Our goal with the fundraiser is to reach 100,000 USD by the end of this year. Together, we can do it! GiveDirectly is a charity that allows donors to send money directly to people in poverty with no strings attached. They are the foremost experts on cash transfers, and they helped us write this video. You can sign up for GiveDirectly's newsletter at this link: https://www.givedirectly.org/newsletter-signup/ If donations via YouTube aren't available in your country, you can donate here: https://donate.givedirectly.org/ ▀▀▀▀▀▀▀▀▀PATREON, MEMBERSHIP, KO-FI▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 🟠Patreon: https://www.patreon.com/rationalanimations 🟢Merch: https://rational-animations-shop.fourthwall.com/ 🔵Channel membership: https://www.youtube.com/channel/UCgqt1RE0k0MIr0LoyJRy2lg/join ▀▀▀▀▀▀▀▀▀SOURCES & READINGS▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀: 2023 poverty estimates by the World Bank: https://blogs.worldbank.org/opendata/march-2023-global-poverty-update-world-bank-challenge-estimating-poverty-pandemic?auHash=0pC7sGFz82gkH4TmALuZRazlaja4mX9kxlfYYh8i0zg International poverty line as of 2022: https://www.worldbank.org/en/news/factsheet/2022/05/02/fact-sheet-an-adjustment-to-global-poverty-lines How many people live in extreme poverty as of 2022: https://www.worldbank.org/en/topic/poverty/overview#1k Cost of a healthy diet: https://ourworldindata.org/diet-affordability Multidimensional poverty measure: https://www.worldbank.org/en/topic/poverty/brief/multidimensional-poverty-measure Sustainable development goals: https://sdgs.un.org/goals/goal1 https://www.worldbank.org/en/news/feature/2016/01/13/principles-and-practice-in-measuring-global-poverty https://www.reuters.com/world/africa/world-bank-says-goal-ending-extreme-poverty-by-2030-wont-be-met-2022-10-05/ 2016 literature review of the effects of cash transfers, by Francesca Bastagli and colleagues: https://cdn.odi.org/media/documents/11316.pdf The (Very) Long-Run Impacts of Cash Grants during a Crisis: https://www.rwi-essen.de/fileadmin/user_upload/RWI/Publikationen/Ruhr_Economic_Papers/REP_22_961.pdf Long-run impacts of COVID-19 on extreme poverty (with estimation of poverty gap): https://www.brookings.edu/blog/future-development/2021/06/02/long-run-impacts-of-covid-19-on-extreme-poverty/ Official Development Assistance Levels in 2022 – preliminary data: https://www.oecd.org/dac/financing-sustainable-development/ODA-2022-summary.pdf The State of the World’s Cash 2020: https://www.calpnetwork.org/publication/the-state-of-the-worlds-cash-2020-executive-summary/ Global Philanthropy Report: https://cpl.hks.harvard.edu/files/cpl/files/global_philanthropy_report_final_april_2018.pdf Giving USA 2022 Report Insights: https://www.bwf.com/giving-usa-2022-report-insights/ Lonestar Cell MTN and Give Directly join forces to reduce poverty in Maryland County: https://thenewdawnliberia.com/lonestar-cell-mtn-and-give-directly-join-forces-to-reduce-poverty-in-maryland-county/ GiveDirectly's financials: https://www.givedirectly.org/financials/ Is Proxy Means Testing Effective? https://openknowledge.worldbank.org/server/api/core/bitstreams/ecbbd5b9-360c-56d6-aa94-66292c7311e0/content On corruption: https://www.transparency.org/en/news/where-are-africas-billions Cash is no riskier than other forms of aid. So why do we still treat in-kind like the safer option? https://reliefweb.int/report/world/cash-no-riskier-other-forms-aid-so-why-do-we-still-treat-kind-safer-option General equilibrium effects of cash transfers: experimental evidence from Kenya: https://www.econometricsociety.org/publications/econometrica/2022/11/01/General-Equilibrium-Effects-of-Cash-Transfers-Experimental-Evidence-From-Kenya Fiscal Monitor Database of Country Fiscal Measures in Response to the COVID-19 Pandemic: https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-Response-to-COVID-19 ▀▀▀▀▀▀▀▀▀PATRONS & MEMBERS▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Thanks to our patrons and members! You don't fit in the description this time. Thank you for being so many :3 https://docs.google.com/document/d/1oiBMZ6ij1gjzMzLEEVeHmx73Ga6GiWxFY7v4G0ZKjJg/edit?usp=sharing ▀▀▀▀▀▀▀CREDITS▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The wobbly RA team: https://docs.google.com/document/d/1wMsoIcjPi3nzMiAoz_z1Z1k-oKE79FfvIM4RuLjreXU/edit?usp=sharing