Empowering the poor: Abandon the broken model

Discussion in 'Economy & Infrastructure' started by parijataka, Aug 26, 2012.

  1. parijataka

    parijataka Senior Member Senior Member

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    By Arvind Panagariya, economist and Professor of Economics at Columbia University and an ex-Chief Economist at the Asian Development Bank.

    Empowering the poor: Abandon the broken model

     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    The suggestions are very valid, if indeed the huge sums being earmarked and spent for the various social schemes are not to be squirreled away by the unscrupulous.

    The voucher scheme, to my mind, would be the better option since it would be mandatory to exchange it for the commodity or service such a subsidy is being provided.

    If cash is given, then it could be used for other purposes and not for the necessity that promoted the scheme.

    For instance, instead of using the cash given for, say, ration Kerosene, the person given the money could use it for, let us say, fast food, just to pamper the person's children's desire to be 'with the Joneses'!
     

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