摘要:AbstractIt is often very hard to demarcate the lines between ‘macro’ and ‘micro’ and most of us often fall victim to the fallacy that what works at the micro level would also work at the macro level. Giving out aid is a prime example of this fallacy. MDGs have been mainly driven by foreign aid provided by the advanced north to the developing economies known as south. Evidently, MDGs are far from getting realized and it won’t be tough to conclude that nations should look beyond aid to achieve basic standards of living for the poor masses of the world. Micro-financing is an effective way to reach out to the poor. Another significant measure would be to liberalize trade policies so that volume of trade increases and technological advancements reach the developing nations which would naturally improve the standard of living thus achieving one of the basic MDG.