Poverty and Prosperity

//Poverty and Prosperity

Social inequality more impactful on well-being than income inequality

Boston Consulting Group’s Sustainable Economic Development Assessment (SEDA) suggests that the correlation between well-being and social equality is stronger than that between income equality and well-being. Likewise, those individuals in countries with high levels of social equality tend to be happier than those without. SEDA makes an objective measurement of well-being by examining and analyzing

The Exploitation Time Bomb

Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality—posing a threat not only to economic growth, but also to democracy. Since reducing inequality became an official goal of

Safe, cheap and sustainable: Clean water technology for Africa

Mozambique is one of 16 sub-Saharan countries belonging to the Southern Africa Development Community. Around 40% of the community's population has no access to safe water - that's around 130 million people. The small town of Ressano Garcia, near the border with South Africa, illustrates the gravity and urgency of the situation. "Right now, 14,000

2019-07-16T05:15:34-05:00Tags: |

How U.S. Women’s Soccer Highlights Broader Economic Inequalities

Chants of “equal pay!” rang out across the World Cup stadium after the U.S. Women’s national team (USWNT) clinched their fourth World Cup victory on Sunday. Throughout the tournament, the women of the U.S. national team were dominant - on the pitch and off. Against the backdrop of seemingly endless goals, pay inequality loomed large on the world stage.

Income inequality is neither ubiquitous nor inevitable.

Rising levels of inequality has become a key political issue in recent years; “the defining issue of our time,” as Barack Obama described it back in 2013. It was at the heart of the Occupy movement protests, and has received a huge amount of attention in the media and in policy circles. But much of this

A Deep Data Crunch, a New Atlas of Inequality

Most of us want to live rich, full lives. What do we mean by that? We don’t mean get filthy rich. Yes, most of us do seek economic security, but we don’t wake up every morning scheming to make ourselves a grand private fortune. We endeavor to be rich in a broader sense. We want

Nearly half of global wages received by top 10%, survey finds

Nearly half of all global pay is scooped up by only 10% of workers, according to the International Labour Organization, while the lowest-paid 50% receive only 6.4%. The lowest-paid 20% – about 650 million workers – get less than 1% of total pay, a figure that has barely moved in 13 years, ILO analysis found. It

Cocoa farm workers aren’t reaping the benefits

Long before it hits supermarket shelves, cocoa passes through dozens, if not hundreds, of hands—many of which belong to the laborers that harvest and hack the beans from their large, leathery pods. For years, members of the cocoa industry in Côte d’Ivoire (Ivory Coast)—the world’s leading producer of this product—have been partnering with Fairtrade International,

2019-07-02T07:51:47-05:00Tags: |

Skill Development: How CEOs Can Tackle Income Inequality

The rapid growth in income inequality in America over the past decade is alarming. It threatens our economic and social stability. The income disparity between the top rung and the bottom rung is stark and getting worse. The wealth disparity is even more pronounced. The plight of average Americans will erode trust in capitalism unless

10 Inequality Takeaways from the Democratic Debates

The Democratic primary debates have officially begun. And as the candidates shared a stage for the first time, it was clear that serious contenders needed to not only acknowledge our country’s extreme economic inequality but also put forward concrete plans for tackling the problem. How much has the conversation changed since the last presidential election?

The Gap Between Rich And Poor Americans’ Health Is Widening

Income inequality in the U.S. has grown over the past several decades. And as the gap between rich and poor yawns, so does the gap in their health, according to a study published in JAMA Network Open Friday. The study drew from annual health survey data collected by the Centers for Disease Control and Prevention from 1993 to 2017,

Bad news for the world’s poorest

The global economic mood is souring. At their meeting in Fukuoka, Japan, earlier this month, G20 finance ministers and central bank governors warned that economic growth remains weak, with risks still tilted to the downside. Just a few days before that gathering, the World Bank had lowered its 2019 global growth forecast to 2.6% – the lowest rate in

Billionaires from George Soros to Abigail Disney are begging to be taxed more

Calls for a wealth tax have high support among Americans — including some ultra-wealthy Americans. In an open letter to 2020 presidential candidates published Monday, a group of ultra-wealthy Americans including George Soros, Abigail Disney and members of the Pritzker and Gund families expressed their support for a moderate wealth tax on the 1%. "America

World faces ‘climate apartheid’ risk, 120 more million in poverty

Climate change “threatens to undo the last 50 years” of development, global health and poverty reduction, a United Nations expert said on Tuesday, citing the risk of a new era of “climate apartheid” where the rich buy their way out of rising heat and hunger. “Even if current targets are met, tens of millions will

Promoting Prosperity

View Lant Pritchett's, Research Director at Research on Improving Systems of Education (RISE), presentation on reducing global poverty. Countering the intuitive notion that poverty reduction is about finding and implementing effective programmes for the poor, his slides show how broad-based increases in economic productivity that create prosperity are in fact the only route to the

2019-06-27T11:34:55-05:00

More than half of the world’s poor are children

As global leaders prepare to discuss progress in achieving the Sustainable Development Goals at the U.N. High Level Policy Forum (HLPF) in early July, the holy grail of the agenda—eradicating extreme poverty—may well seem elusive and complex. On the one hand, there is much to celebrate: Since 2016, according to the World Poverty Clock, the ranks of Earth’s

5 ways to fight wealth inequality, according to economists

The rise of income inequality and the struggles of so many families to get ahead have shaken American politics across the spectrum. President Donald Trump invokes the plight of “the forgotten people.” Liberals call for massive new government programs. Wall Street titan Jamie Dimon proposes “a Marshall Plan for America.” Ideological conservatives warn of a

Persistent poverty endangers health in 20% of UK children

A recent study shows that one in five children in the UK have a higher risk of developing adolescent mental health disorders or physical illness because of persistent poverty. This alarming scenario comes from a new paper published in the Archives of Disease in Childhood. In 2016-17, about 4.1 million children, or 30%, in the

2019-06-23T07:57:32-05:00Tags: |