Tag: economic development
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“Orphans” Versus The Abandoned: The Church’s Complicit Role in Poverty
FCS Urban Ministries: Big Heart to Love the Abandoned Bob Lupton has an excellent piece on how most orphans in Haiti are, in fact, children who have been unwillingly abandoned because their parents are without the means to care for them. Yet faith-based "orphanages" market these children as orphans. He concludes: "There are…
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Why “Sustainable Development” is Not the Answer
New York Times: A Call to Look Past Sustainable Development – Eduardo Porter If billions of impoverished humans are not offered a shot at genuine development, the environment will not be saved. And that requires not just help in financing low-carbon energy sources, but also a lot of new energy, period. Offering a solar panel…
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Why the West Progressed in Ways No One Else Had
I just read Cathedral, Forge, and Waterwheel: Technology and Invention in the Middle Ages by Frances & Joseph Gies. The book focuses on technological development during the 1,000 years from 500-1500 C.E. The Middle Ages was once cast as an age of regression from the golden age of Greece and Rome until the Renaissance and…
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Is China the new idol for emerging economies? – Dambisa Moyo
TED: Is China the new idol for emerging economies? – Dambisa Moyo "The developed world holds up the ideals of capitalism, democracy and political rights for all. Those in emerging markets often don't have that luxury. In this powerful talk, economist Dambisa Moyo makes the case that the west can't afford to rest on its…
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The Story of Globalization in 1 Graph
Atlantic: The Story of Globalization in 1 Graph … Globalization has winners and losers. The winners—particularly the upwardly mobile middle classes of China, India, Indonesia,Brazil, and Egypt—occupy the long hump of this elephant-like line. They have seen their inflation-adjusted incomes grow by 70 percent or more. The world's "1%" (which works out to the top…
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One Person’s Exploitation is Another Person’s Blessing
Writing in his recent post The Alleged "Perils" of "Premature De-Industrialisation." Economist Gavin Kennedy writes: "… I also recall more recently of a Vietnamese woman on being questioned by a Western journalist about her 14-hour working day that she worked six days a week in a new computer-board manufacturing plant near her home village. The…
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A Case Study in Toxic Charity: Malawi and Donated Clothes
The BBC has a troubling video about the destruction of the Malawi cotton and textile industries due to Western charity. Before the video, I want to say a few things about economic aid and development. Economic Development comes in three modes: relief, rehabilitation, and development. When people are at the edge of survival, say during…
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Poverty And The Power of Economic Growth
There will always be a need for relief aid and charity, but economic development is the answer to poverty. Here is a short video that illustrates how it works: