Escaping Poverty

Abigail Tucker in Smithsonian Magazine:

Screenhunter_03_jul_31_2054Paul Polak has been helping people escape poverty in Bangladesh, Zimbabwe and elsewhere for 27 years. In Out of Poverty: What Works When Traditional Approaches Fail, the 74-year-old former psychiatrist and founder of International Development Enterprises—a nonprofit that develops low-cost equipment for farmers—argues that simple tools such as a $25 water pump can do more than large cash donations to aid many of the world’s “dollar-a-day” people, of which there are an estimated 1.2 billion.

Why did you switch from psychiatry to poverty?
In working with mentally ill people in Denver, I learned that their poverty was a bigger contributor to their state of mind than psychiatric illness. We found them housing and access to employment. Those things helped so much. But I was curious about people who lived on $30 a month or less, so I went to Bangladesh.

More here.