Feedback Microeconomics

Valuable recommendations for improving the living standards of the world's poor

Stefan F. Stefanov - New Bulgarian University
Received: 12 Aug 2022
Revised:
Published:
Downloads: 0
Citations: 0
Issue 5/2020
JEL А10
DOI https://doi.org/10.56497/etj2065506

Abstract

Recently, Cambridge University Press published the book Towards a Theory of 'Smart' Social Infrastructures at the Base of the Income Pyramid (A Study of Practice in India), authored by Bruno Sergi and Sandeep Goyal. It analyses the approaches, methods and means to improve the living standards of the poorest segments of the world's population. The relevance of the issue at hand is undeniable, and the need to find adequate solutions is even more acute now due to the severe consequences of the COVID-19 pandemic. The violent protests and demonstrations in the United States, Europe and other countries around the world testify to this. The problem is also particularly relevant for Bulgaria, given the misery in the Roma ghettos and the enormous poverty and income stratification throughout the country.

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