The Wealth Creation Approach to Poverty Reduction

The role of trade narratives in poverty reduction after the COVID-19 crisis

“…Gwartney et al, 2018;Kobrin, 2019;Miller et al, 2019). An alternative narrative, the wealth creation approach, where firms are encouraged to engage in business activities in regions of the world where poverty is widespread, might be especially appropriate for use in CSR programs in attempts to reduce extreme poverty in the post pandemic environment (Hipsher, 2016(Hipsher, , 2018(Hipsher, , 2020. It has been found, "Greater access to markets, and not more aid and assistance targeted at development, is the best means of permanently lifting the poorest people from the lowest depths of poverty" (Coyne, 2013, p. 25).…”

“…An alternative to focusing on inequality of income is a narrative, which focuses on inequities of opportunity. It has been reported much of the global income inequalities are due to the great disparities in educational or livelihood opportunities, and international trade and openness tend to increase equality of opportunities for education, employment and skill development (Hipsher, 2018(Hipsher, , 2019(Hipsher, , 2020.…”

“…Yet the indirect effects of business activities, even when driven solely by the desire for profits, have proven to be the most effective tools societies have in reducing poverty and achieving the other benefits which come from higher standards of living. It has been proposed, MNEs and other private sector actors could achieve even better results if poverty reduction through creating wealth and increased economic opportunities were strategic goals found in their CSR programs (Hipsher, 2016(Hipsher, , 2020. Making a conscious effort to seek business opportunities in regions of the world where poverty is widespread and where there are currently few economic opportunities might be an effective CSR objective, if accepted as being ethical by the general public.…”

Actividad económica, créditos comerciales y nómina en México

“…Debido a que a través del crédito comercial se puede impactar en la cantidad de dinero en el mercado, lo cual, influye en la demanda y en el crecimiento económico. En este sentido, en México los créditos son el principal producto ofertado por el sector bancario, en específico el crédito comercial, que en el trimestre de octubre-diciembre de 2021, alcanzó en México la cantidad de $ 5,459,257 millones de pesos (Domínguez y Marroquín, 2016;López et al, 2018;Tercero et al, 2020;BANXICO, 2022 a;Hipsher, 2020;Baqaee et al, 2021). En la ilustración 1, se muestra la evolución de los créditos comerciales en México, donde, se aprecia que la línea de tendencia ha tenido un crecimiento positivo.…”

“…Es así que, al examinar la relación entre el ITAEE y el monto total de las cuentas de nómina activas por Estado, se estudiará si la actividad económica influye en el mercado laboral a nivel estatal y, por lo tanto, a los recursos monetarios en el mercado y la demanda. Mientras que al estudiar la relación entre el monto total de la cartera de los créditos comerciales (los cuales, se destinan al consumo) y el ITAEE, se analizará como los créditos afectan a la cantidad de dinero en el mercado, la demanda y al ITAEE (Domínguez y Marroquín, 2016;López et al, 2018;Tercero et al, 2020;BANXICO, 2022 a;Hipsher, 2020;Torre y Flores, 2020;Cisneros, 2022). Con esto, se logrará el objetivo de la investigación.…”