Tag: poverty
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Half of Global Wealth Owned by 62 People: How Oxfam Lies While Telling the Truth
Once again, Oxfam is circulating that 62 people have as much wealth as the bottom half of the world's population. Think about that for a moment. When you read that, what do you think that means? Particularly, what is wealth? Many people will interpret "wealth" as financial assets. Many others realize wealth includes the value…
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How Nobel winner’s work links international aid and poverty
AP: How Nobel winner's work links international aid and poverty Angus Deaton has dug into obscure data to explore a range of problems: The scope of poverty in India. How poor countries treat young girls. The link between income inequality and economic growth. The Princeton University economist's research has raised doubts about sweeping solutions to…
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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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An Anti-Poverty Program That Really Works
Pacific Standard: An Anti-Poverty Program That Really Works "The study, run by an international team of economists, included 10,495 households in Ethiopia, Ghana, Honduras, India, Pakistan, and Peru. Almost half of the families in the study lived on less than $1.25 a day. The specifics of Graduation varied by country, but the basic premise was the same.…
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Globalization and Inequality: Two Complex Decades in One Simple Graph
Pew Research Center: Chart of the Week: How two decades of globalization have changed the world (Source: Milanovic, B., Lead Economist, World Bank Research Department, Global income inequality by the numbers. Annotations by James Plunkett.) I have seen the unannotated version of this graph several times, but the annotations really make things clear. The graph…
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GDP Growing Fastest in Poor Countries
The world's poorest regions have been growing the fastest for at least twenty years. The Economist forecasts world GDP to be 2.9%, Asia and Australasia (less Australia) at 5.7%, and Sub-Saharan Africa at 4.5%. These rates indicate a considerable slowing of growth from recent years. The US forecast is 3.2%. This is more evidence that…
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Low-income communities are not needy — they have assets
Faith and Leadership Blog: John McKnight: Low-income communities are not needy — they have assets Most people and institutions that want to serve poor communities are focused on what the residents lack. “What are the needs?” is often the first question asked. John McKnight says that approach has it backward. “I knew from being a…