small-factories-emerge-as-a-weapon-in-the-fight-against-poverty.html

small-factories-emerge-as-a-weapon-in-the-fight-against-poverty.html

11/3/2016

link

http://mobile.nytimes.com/2016/10/30/business/small-factories-emerge-as-a-weapon-in-the-fight-against-poverty.html

summary

This New York Times article highlights the role of small-scale factories in fighting poverty in developing countries. It examines the success of a factory in Kenya that produces solar-powered lanterns, providing employment opportunities and stimulating local economies. The article explains how these small factories are well-suited to the needs of poor communities, as they require lower capital investments and can be established closer to the target market. It also highlights some challenges that arise, such as limited access to financing and skilled labor. Overall, the article showcases the potential of small factories as a tool for poverty alleviation.

tags

small factories ꞏ poverty alleviation ꞏ economic development ꞏ social entrepreneurship ꞏ job creation ꞏ manufacturing sector ꞏ global poverty ꞏ sustainable development ꞏ emerging markets ꞏ low-income communities ꞏ microenterprises ꞏ poverty reduction ꞏ social impact ꞏ grassroots initiatives ꞏ economic empowerment ꞏ supply chain ꞏ poverty eradication ꞏ inclusive growth ꞏ social innovation ꞏ local economy ꞏ entrepreneurship ꞏ innovation ꞏ social enterprises ꞏ economic opportunities ꞏ community development ꞏ labor market ꞏ small-scale industries ꞏ developing countries ꞏ rural development ꞏ social change ꞏ wealth creation ꞏ bottom-up approaches ꞏ economic independence ꞏ income generation ꞏ poverty solutions ꞏ business models ꞏ social inclusion ꞏ global development ꞏ microfinance ꞏ workforce development ꞏ social mobility ꞏ sustainable livelihoods ꞏ empowerment