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?

Microfinance · Poverty Reading List

Portfolios of the Poor book review

Recommended Reading Portfolios of the Poor: How the World’s Poor Live on $2 a Day by Collins, Morduch, Rutherford & Ruthven This recently published book has got a lot of buzz amongst the microfinance industry as providing new insights into the actual financial activities of < $2/day (key UN definition of very poor) families.  The… Continue reading Portfolios of the Poor book review