Tag: economic growth
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Welfare is Key to Entrepreneurship and Economic Growth
The Atlantic: Welfare Makes America More Entrepreneurial A common perspective among political conservatives, especially of the libertarian and Tea Party varieties, is that welfare is a drag on economic growth and a disincentive to initiative. Paul Ryan wants a safety net and not a safety hammock. Some libertarians don’t even want the net. It would…
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Global Warming Scare Tactics (They Usually Backfire)
New York Times: Global Warming Scare Tactics This article confirms what I've been arguing for some time now: … evidence that a fear-based approach backfires has grown stronger. A frequently cited 2009 study in the journal Science Communication summed up the scholarly consensus. "Although shocking, catastrophic, and large-scale representations of the impacts of climate change…
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Economic Boom in Africa – Philip Jenkins
Christian Century: Economic Boom in Africa – Philip Jenkins When I lecture on global Christianity, I am sometimes asked whether, in retrospect, I would revise what I wrote many years ago in books like The Next Christendom. Usually my answer is no. But in one critical area conditions are changing so quickly as to demand…
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6 of the world’s ten fastest growing economies are in sub-Saharan Africa
Economist: Development in Africa: Growth and other good things … Six of the world’s ten fastest growing economies of the past decade are in sub-Saharan Africa. A clutch of countries have enjoyed growth in income per person of more than 5% a year since 2007. … … GDP is not a perfect measure of living…
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Why the US economy doesn’t weigh as much as we thought it did
AEI Ideas: Why the US economy doesn’t weigh as much as we thought it did … One way of analyzing the changing nature of the US economy is by looking at how much GDP physically weighs. Former Federal Reserve Chairman Alan Greenspan once remarked that the value of US GDP is five times as great…
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Poor Countries Leading the Way in Economic Growth
"IN recent years poor countries have enjoyed impressive improvements in GDP per person. But in the rich world they have hardly grown at all." Click on the link to see the short video: Economic growth There is also this chart: Poor little rich countries
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The 10 Things In Economics That Everybody Should Know
Business Insider: The 10 Things In Economics That Everybody Should Know We discuss a lot of economic concepts here, but sometimes it's good to go back over the basics. Balaji Viswanathan, CEO of ZingFin.com, has written a great post on Quora, going over the 10 concepts that everybody should know. It's a very good overview…
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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…
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Honduras Sets Stage for 3 Privately Run Cities
ABC News: Honduras Sets Stage for 3 Privately Run Cities Investors can begin construction in six months on three privately run cities in Honduras that will have their own police, laws, government and tax systems now that the government has signed a memorandum of agreement approving the project. An international group of investors and government…