The Resurgence Of The Rest

The 2020s now appear likely to unfold as a typical postwar decade, with some emerging economies falling, others rising, and a few standing out as genuine stars. A few will continue to rise to prosperity through the tried-and-true method of export manufacturing. Read Here | Foreign Affairs

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Will China And India Always Be Poorer? Probably Not

Since 1950, middle-income countries have nearly always grown faster than expected. Looking just at the past decade and a half, current middle-income countries that had an average gross national income of $2,381 in 2000 have seen that more than double, to $4,951 in 2015. U.S. income, in contrast, climbed just 15 percent over the same […]

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A Tight Squeeze

During the financial crisis, when the global economy faced its gravest threat since the 1930s, policymakers sprang into action. To stimulate the economy, central banks slashed interest rates and politicians spent lavishly. As a result, the recession, though bad, was far less severe than the Depression. Unfortunately, however, that quick response nearly exhausted governments’ economic arsenals. […]

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Joint Communique Of Russian, Indian, Chinese Foreign Ministers’ Meeting

The Ministers agreed that Russia, India and China (RIC), as countries with important influence at international and regional levels and emerging market economies, need to further strengthen coordination on global issues and practical cooperation, in the spirit of openness, solidarity, mutual understanding and trust. They emphasized that cooperation between their countries is conducive to maintaining […]

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Towards Digital Well Being

Tripling mobile Internet access over the next 15 years could make the developing world $22 trillion richer. Such improvement in the lives and earning potential of poor people could indirectly help with the other challenges; after all, more prosperous people tend to be healthier, better fed, and more highly educated. Read Here – Project Syndicate

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The Geography Of Poverty

WHERE do the world’s poor live? The obvious answer: in poor countries. But in a recent series of articles Andy Sumner of Britain’s Institute of Development Studies showed that the obvious answer is wrong*. Four-fifths of those surviving on less than $2 a day, he found, live in middle-income countries with a gross national income […]

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