3 Ways That Business Can Alleviate Poverty
Monday, November 18, 2013
According to the World Resources Institute, there are 4 billion people worldwide who live below the Western poverty line. 1 billion of them live on less than $1 per day. They are known as the base of the pyramid. Anyone travelling to the developing world has seen slums and shantytowns. The base of the pyramid live in squalid conditions — without access to clean water, toilets or basic medicine. Children play in sewage.
The base of the pyramid are not just poor — they are socially and economically excluded. Their lives can be uprooted at any moment, since many lack a formal legal status. They work odd jobs or farm to keep themselves alive, but without steady employment, they can go for weeks or months without work. They have little or no formal education.