Drawing from their research findings, the authors express the need to raise the poverty line in India and utilize Indian policy to deliver economic growth and inclusion to the nation’s poorest.
Money from rich countries has trapped many African nations in a cycle of corruption, slower economic growth and poverty. Cutting off the flow would be far more beneficial, says Dambisa Moyo.
Increased interest in the continent’s real estate and resources will enhance the bargaining power of governments there—but they need to bargain for the right things.
INDIA’S farmers should be the happiest in the world. For decades governments have showered them with perks including a blanket tax exemption; subsidies on fertiliser, seeds, energy and water for irrigation; low-interest loans; cheap crop insurance; high tariffs to block food imports; and price supports for more than 20 crops.
THE arrival of T.N. Srinath into the middle class will take place in style, atop a new Honda Activa 4G scooter. Fed up with Mumbai’s crowded commuter trains, the 28-year-old insurance clerk will become the first person in his family to own a motor vehicle.
DRIVING through the Liberian countryside, on a rare paved highway, two kinds of roadside sign catch the eye. One advertises local Protestant churches. The other sort advertises the splendid work done by aid agencies.
OUTSIDE a thatched hut in Panyijiar, in South Sudan, Nyakor Matoap, a 25-year-old woman, clutches the youngest of her three children. Dressed in a silky emerald shawl, she hides the baby, named Nyathol, underneath its folds. Her other children crowd happily enough around her legs. But the baby is in a bad way.
Large projects funded by the bank have left millions of poor people worse off, an investigation found. The bank says the vast majority of its projects don't fall into this category.
Helping you become more knowledgeable about how the world works, our content covers the biggest topics and headlines through the eyes of economists. The team explores a wide range of subjects improving your ability to understand the world more clearly.
Joshua Busby, Sarang Shidore, Johannes Urpelainen, and Morgan Bazilian argue that the U.S. and the international community should support India's just transition away from coal. They discuss potential financing vehicles to mobilize funding for this purpose and recommend ways to use the funds.
As we know John Oliver made a rousing condemnation of the way in which child labour is used in the making of the cheap fashion that we all enjoy. All sorts of people are insisting that this is just great, it's a pernicious evil that needs to be snuffed out. [...]
EVERYONE IN NAWAB COLONY can point to victims. Twenty-year-old Annisa, for instance, has the face of a Bollywood starlet, but limbs so withered she cannot walk. Raj, 13, shrunken and largely paralysed, is carried by his father like a large doll. Another teenage boy, Shyamlal, sits alone on a doorstep.
DARKNESS is falling as coal starts its long, lawless journey from the pit. The first signs are the cycle-pushing foot-soldiers, such as Ravi Kumar, a 26-year-old whose yellow shirt and grey turban are as coal-smudged as his face and hands.
The British government is strikingly generous in foreign aid donation But if money alone were the solution we would be along the road not just to ameliorating the lives of poor people today but ending…
TO PEOPLE who believe that the world used to be a better place, and especially to those who argue that globalisation has done more economic harm than good, there is a simple, powerful riposte: chart 1, below. In 1981 some 42% of the world’s population were extremely poor, according to the World Bank.
A HUNDRED-DOLLAR BILL is lying on the ground. An economist walks past it. A friend asks the economist: “Didn’t you see the money there?” The economist replies: “I thought I saw something, but I must have imagined it.
HOOPS of razor wire overlooked by guard towers mark the border between order and chaos in Kaga-Bandoro, a market town in the middle of the Central African Republic (CAR).
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