Introduction
Today’s column continues my description of the nitty-gritty features or the key nuts and bolts of the universal basic income [UBI] mechanism, the Buxton Proposal, which I have long advocated for Guyana as the most effective means of eradicating its persistent poverty. Five of these features have been addressed thus far; and items 6 to 11 are addressed next in this column
The Remaining Features [Items 6 to 11 ]
For purposes of effective communication to non-specialist audiences, the World Bank has displayed in a single Table, under six headings, much of the empirical foundation and bases from which it arrives at the verdict that, universal cash transfers can be quite useful. The Table is reproduced below. These six headings are 1] social inclusion; 2] poverty and inequality impacts; 3] labor and positive economic incentives; 4] education impacts; 5] food, nutrition and health impacts; and 5] encouraging effects on early childhood development. This Table is reproduced below, revealing the potential for strong positive impacts on the scourge of income poverty.