Whatever may be said about India, it is obvious that no structural transformation of our largely poverty-stricken economy has occurred and what is more, none seems very likely in the immediate future. Not only have three decades of high GDP growth gone unaccompanied by a societal transformation, we seem to have regressed on certain fronts. Read […]
India is caught in an ugly societal whodunit: Although the per capita gross domestic product for the country’s 1.2 billion people has almost doubled over the past decade, to $838, malnutrition and hunger are still rampant, especially among children. A months-long series of investigative reports by Bloomberg News highlights that India’s failure to adequately feed its […]
Bangladesh was the original development “basket case”, the demeaning term used in Henry Kissinger’s state department for countries that would always depend on aid. Its people are crammed onto a flood plain swept by cyclones and without big mineral and other natural resources. It suffered famines in 1943 and 1974 and military coups in 1975, […]
India’s remarkable growth figures have, however, successfully masked a far less appealing set of statistics which shows that, despite the success of India’s middle class, when you look at government delivery of basic services to the poor, India has been struggling against being hyphenated less with China than with its more desperate and impoverished neighbours […]
Populist economics is on the rise in Southeast Asia. Politicians have been actively adopting policies that aim to impress upon the poor that governments are doing something, however trivial, to improve their conditions. It is generally a positive development but is it sustainable? Thailand’s Thaksin Shinawatra was ousted as Prime Minister in 2006 but has remained popular […]
The IMF has approved distribution of additional profits from gold sales as part of a strategy to support low-interest lending to poor countries. The 2009–10 gold sales generated profits of SDR 6.85 billion ($10.5 billion), some SDR 2.45 billion above the amount envisaged for an endowment to reduce the IMF’s reliance on lending income to cover its […]
The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview with SPIEGEL, he accuses the industry of preying on the poor and buying government policies that help them get richer. Read Here – Der Spiegel
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 […]
looking beyond borders 