Graceworks wants you to be informed and aware of some of the deeper issues that we need to understand and embrace if we are going to see lasting change in the lives of others. The following articles give perspectives and opinions from our staff and guest writers on a wide array of subjects. Feel free to dialogue and respond to these via the comments section.
Most outside observers of Myanmar, and Myanmar people themselves, have no illusions about the extent of real political reforms implemented since 2008 in Myanmar, but by any measure the changes that have occurred during 2010-11 represent significant milestones.
As recent global events have demonstrated only too well, financial institutions matter. The source of problems and instability when they are poorly regulated (or simply when human greed becomes too insatiable), financial institutions are also critical for economic development.
Almost 30 years ago Robert Chambers coined the term ‘poverty trap.’ He described how poor families with few possessions become trapped, without access to the resources that could change their circumstances. For example, the poor are often sick because of poor nutrition and healthcare, but being sick reduces the amount they can work and hence their income. It becomes a trap.