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Archive for the tag “poor”

A Long, Uneven And Uncertain Ascent

The COVID-19 pandemic continues to spread with over 1 million lives tragically lost so far. Living with the novel coronavirus has been a challenge like no other, but the world is adapting. As a result of eased lockdowns and the rapid deployment of policy support at an unprecedented scale by central banks and governments around the world, the global economy is coming back from the depths of its collapse in the first half of this year… This crisis is however far from over.

Read Here | IMF Blog

How Pandemics Leave The Poor Even Farther Behind

The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. Behind this dire statistic is an even grimmer possibility: if past pandemics are any guide, the toll on poorer and vulnerable segments of society will be several times worse.

Read Here – IMF Blog

The Economist Who Can Explain The Rise Of Populism In A Single Chart

You may know the name Thomas Piketty. His work launched him to prime time as the “rock star economist”; his sultry French accent and general attractiveness, of course, helped. You may not know the name of his intellectual counterpart: Branko Milanović. Balding and bespectacled, the 63-year-old looks much more like a dismal scientist than a revolutionary.

Read Here – Ozy

Time For India To Stretch Its Wings

The World Bank’s International Development Association programme supports equitable growth in poor countries by providing low-interest, long-term loans and grants to national governments. The program supports 77 of the poorest countries in the world – half of which are in Africa. It also provides assistance to one country that no longer deserves it: India.

Read Here – Project Syndicate

A Global Middle Class Is More Promise than Reality

The first decade of this century witnessed an historic reduction in global poverty and a near doubling of the number of people who could be considered middle income. But the emergence of a truly global middle class is still more promise than reality.

Read Here – Pew Research

The Rich, The Poor And The Beach Bums

The modern loosening of ties between the citizen and the state, apart from a number of beneficial consequences, also altered the nature of citizenship, depriving it of some of its psychological value without diminishing its practical worth.

Read Here – WorldAffairsJournal

World’s 85 Richest = 3.5 Billion Poorest

The poorest half of the world’s population—that’s 3.5 billion people—control as much wealth as the richest 85 individuals!

Read Here – Businessweek

No Conflict Means Asian Prosperity

We are seeing a tremendous rise in living standards across Asia, with poverty disappearing everywhere you look. In China, for example, since initiating market reforms, more than 600 million people have been rescued from absolute poverty. We’ll see a far greater improvement in living standards within the region than we have seen in centuries. And, through all this, there will be many benefits.

Read Here – CNN

Why Isn’t India A Regional Leader?

Despite overtaking Japan as the third-largest economy, India has lost its leadership role in the continent because, unlike its eastern neighbours, it has ignored is poor

Read Here – The Hindu

Too Large For Own Good?

In the debate over the future of China’s growth, one factor typically animates the bulls more than any other: the country’s sheer size. One way or another, this undergirds most optimistic scenarios. China is so big it can absorb years and years of public-works spending without waste becoming a drag. The population is so large, and still sufficiently poor, that there is seemingly infinite scope for catch-up growth.

The reality is very different.

Read Here – WSJ Opinion

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