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 […]
Pakistan’s improvement matters because, with approximately 200 million people, it is the sixth most populous country in the world. It is also a nuclear power, and arguably a key to peace in the region. Read Here – Bloomberg
With a population of over 204 million, the Indian state of Uttar Pradesh would be the fifth most populous nation in the world — after China, India, the US and Russia — if it were a separate country. But it would also be extremely poor, with very poor development indicators and high levels of deprivation. […]
From the San Francisco Bay area to Sao Paulo to Riyadh, water shortages increasingly cloud economic forecasts. But nowhere is the risk greater than in South Asia, where India, the largest economy and most important regional power, faces crippling shortages and a lack of consensus on what to do about them. Read Here – Foreign […]
The future of global inequality, in other words, rests on India’s shoulders. To join the global middle class, India must do much better. It must improve infrastructure and education. It must implement good governance and reduce harmful corruption. It must attract foreign investment and make growth a priority. And it must do all this while […]
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
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
Tensions in resource-rich western China have been escalating for years, as Han Chinese emigrate to the region, in many cases taking the best jobs while locals, especially those who don’t speak Mandarin, face widespread poverty and growing unemployment. Read Here – The Atlantic
South Africa is hardly an unqualified success story. The unemployment rate hovers just under 30 percent, and nearly a quarter of South Africans live at or near the poverty line. Read Here – Foreign Affairs
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, […]
looking beyond borders 