Globalization

Worker productivity really does matter everywhere

The Economist recently reported some interesting observations about why Latin America has fallen so far behind the economic growth in East Asia. One word — Worker Productivity The chart on the right shows that in the past 30 years relative to the USA, workers in East Asia have increased their productivity faster and workers in… Continue reading Worker productivity really does matter everywhere

Globalization

A better way of tracking economic growth?

Kaushik Basu of Cornell University and author of Prelude to Political Economy: A Study of the Social and Political Foundations of Economics, researched and found that governments rarely listen to economic advisors unless they are telling them what they want to hear. Basu recently became the chief economic advisor to India’s finance ministry and so… Continue reading A better way of tracking economic growth?

Globalization

Connecting small farms to global supply chain

This past week, the Wall Street Journal published an article called Weaving Africa’s Breadbasket which discussed the announcement by the Gates Foundation and the Howard Buffett Foundation that they will be subsidizing trials in 13 African and 4 Central American countries to help small farmers become suppliers to UN’s World Food Program (WFP). To date,… Continue reading Connecting small farms to global supply chain

Globalization · Opinion

Affirmative action for the poor

The Economist recently wrote about (article: With reservations) the current debate within India about whether the existing affirmative action (called “reservations” in India) quota legislation for the poor should be extended from higher-education education and government jobs to private companies. First, there are a variety of viewpoints of who should get affirmative action benefits. Historically,… Continue reading Affirmative action for the poor

Globalization · Poverty Facts

The seemingly impossible is possible

In my quest for facts about poverty … here is very edutaining video by Hans Rosling demonstrating how developing countries are pulling themselves out of poverty. He shows us the next generation of his Trendalyzer software — which analyzes and displays data in amazingly accessible ways, doctor allowing people to see patterns previously hidden behind… Continue reading The seemingly impossible is possible