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The Mobile-Finance Revolution

How Cell Phones Can Spur Development

Authors: Jake Kendall, and Rodger Voorhies
March/April 2014
Foreign Affairs

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The roughly 2.5 billion people in the world who live on less than $2 a day are not destined to remain in a state of chronic poverty. Every few years, somewhere between ten and 30 percent of the world's poorest households manage to escape poverty, typically by finding steady employment or through entrepreneurial activities such as growing a business or improving agricultural harvests.

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