Introduction
One of the newest innovations in poverty alleviation is a financial service known as microcredit. It allows poor entrepreneurs to get enough money to start small businesses, and gradually repay the loan. Microcredit has been very effective in lifting individuals out of poverty, and has led to a slew of other economic/financial services directed toward the poor.
Poverty and economics also meet in other areas, such as trade and corruption. Free trade can decrease poverty in developing nations, while corruption can increase it. Increasing access to services such as microcredit, combating corruption, and promoting free trade are all examples of economic solutions to poverty. All of this and more is discussed here in the Economic Solutions section.
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