Ending Global Poverty: A Guide to What Works
This book grew out of the author's effort to respond to a question his wife posed to a development economist: How should they allocate their charitable giving among the numerous worthy-sounding groups that aim to reduce poverty? There has in fact been an enormous reduction in world poverty in recent decades due to rapid economic growth in some very poor countries, most notably China and India. Smith contends that although growth creates a favorable environment for reducing poverty, it does not automatically ensure it; too many poor people are caught in poverty traps of various kinds. His book offers sensible guidelines to both individuals and corporations about how they can help, but its main contribution is to describe the successes of many programs on the ground, ranging from programs to improve nutrition to those working on education or microcredit, often run by local nongovernmental organizations, which have emerged to fill the gaps left by incompetent or corrupt governments. Many of these success stories rely on women, who are determined that their children should have better lives than they have; the men who typically control governments do not fare well in these accounts.
Related
The next Democratic president should build on Bill Clinton's legacy of embracing globalization and easing its downsides. This means developing a new system of global economic relations based on American leadership, open markets, engagement with China and other emerging markets, and stronger multilateral regimes to handle transnational challenges such as the environment, labor rights, and the information economy. A new world will need a global New Deal.
Last fall's protests at the World Trade Organization talks in Seattle made it clear that trade policy is no longer the exclusive domain of sheltered elites and corporate interests. Following the example of big business, unions are now going global -- backed by a growing worldwide consensus that freer trade must also protect human rights, the environment, and decent working conditions. The international ups strike in 1997 showed just how effective this new strategy can be.
The Vatican has recently made pointed calls for global financial reform, but the Church's teaching is grappling to accommodate the growing divergence between the immediate economic expectations of Catholics in developed European nations and those living in emerging economies.

Sign-up for free weekly updates from ForeignAffairs.com.