"The poor stay poor, not because they're lazy but because they have no access to capital." This statement provides the philosophical basis for which development strategy?
A) Establishment of the United Nations Children's Fund
B) Establishment of Microcredit programs
C) Reversing the flow of global funds so that is moves from highly developed to developing countries
D) Increasing the number of trained professionals in developing nations
E) Raising the status of women in developing nations

Question

Quizplus · Accepted Answer

The statement suggests that poverty is not solely the result of laziness, but rather a lack of resources, specifically access to capital. Microcredit programs provide small loans to those who do not have access to traditional banking systems, thereby giving them the capital necessary to start or expand their own businesses and improve their economic situation.

"The Poor Stay Poor, Not Because They're Lazy but Because