Tag: economic development
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Is a rising tide of hope behind the historic shift in poverty
Christian Science Monitor: Behind the historic shift in poverty A United Nations report on human development signals huge progress in reducing poverty. All the reasons for it may add up to a turnaround in attitudes among the poor about their future. … For much of history, despair often bred despair among the poor. “The anticipation…
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How China Became Capitalist
CATO: How China Became Capitalist … Nonetheless, China has been transformed from the inside out over the past 35 years. This transformation is the story of our time. The struggle of China, in other words, is the struggle of the world. … Conclusion Given our account of how China became capitalist, what can we say…
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Why Africa Is Essential to America’s Future
US News and World Report: Why Africa Is Essential to America's Future … So, yes, let us acknowledge these problems in Africa, and let us not be romantic about the opportunities that exist in Africa. Instead, let us be realistic about the opportunities, and the reality is that the opportunities for investment, trade, and economic…
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The Manufacturing Curve in Economic Development
Business Insider: Manufacturing's Role In Job Creation Evolves The Same Way In Every Country In a new report from the McKinsey Global Institute, we learn that the manufacturing sector's share of employment rises and then falls as GDP per capita rises. The decline is associated with the rise in service sector hiring as people demand…
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Africa For Norway: Viral Video Pokes Fun At Stereotypes In Aid Efforts
NPR: Africa For Norway: Viral Video Pokes Fun At Stereotypes In Aid Efforts A group of South African students and an aid agency in Norway are challenging the stereotypical image of Africa as a continent riddled with conflict, disease, corruption, poverty, and brutal dictatorships needing rescue from developed nations. … … The video is humorous,…
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Latin America’s income inequality falling, says World Bank
Guardian: Latin America's income inequality falling, says World Bank Region now has as many middle class people as those who are poor thanks to rapid growth in incomes, study reveals. Income inequality is falling in Latin America even as it rises elsewhere in the world, according to a World Bank study that encourages government intervention…