its attempts to explain world poverty and inequality. Separate chapters contain an overview of poverty in Africa, Latin America, and then Asia. Remaining chapters offer explanations for why some countries in the world (mostly in Asia) have become richer and reduced the ranks of their poor through ties with the global economy while others have not. Kerbo provides extensive evidence for why the nature of the state in developing countries is the most important factor in stagnation or even economic development with poverty reduction. But, in contrast to previous research and new statements by the World Bank, he has created a model attempting to explain why and how some countries have “good governance” and others do not. The book concludes with what we now know about world poverty and what does and does not work to reduce it.

Hide more