Poverty and Prosperity

//Poverty and Prosperity

Following Up On The Link Between Poverty And Mental Illness

Although poverty is not the only determining factor influencing the status of a person’s mental health and mental health doesn’t always directly correlate with poverty, one often comes with the other. The World Health Organization has made it fairly clear that the two interact closely (and correcting one might lead to impacting the other for

Mind the gap: Addressing global income inequality

One of the most notable post-game analyses of the U.S. presidential election last November was penned by the French economist Thomas Piketty, who argued that Donald Trump’s upset victory was mainly a symptom of resentment over the widening gap between rich and poor. Piketty’s 2013 bestseller “Capital in the Twenty-First Century,” a sweeping account of

How can developing countries make the most of the digital revolution?

Digital technologies have been transforming the global economy. Yet many countries have yet to experience the full developmental benefits of digital technologies, such as inclusive and sustainable growth, improved governance, and responsive service delivery. Given the magnitude of change in competitive advantage that digital technologies can confer on adopters, the risks of slow or poor

Measures of poverty and well-being still ignore the environment – this must change

Orthodox economic measures like Gross Domestic product fail to measure the things that matter most, write Judith Schleicher & Bhaskar Vira: like human wellbeing and ecological health. This creates a systematic bias in 'development' policies that must urgently be addressed if we are to build an inclusive, equitable and sustainable society.  Without nature, humans could

Growing isolation of poor helps explain changes in concentrated poverty

Concentrated poverty — neighborhoods where 40 percent of the population or more lives below the federal poverty level — is back on the rise for all races in the United States, according to Penn State demographers. Growing residential separation and isolation of the poor in American metropolitan areas, as well as overall increases in poverty since

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Money Can’t Buy Happiness, But Lack of Money Can Lead to Depression

In August of 2016, a mother and her four children (all under the age of seven) were found dead in their home. After the situation was investigated, it was reported that the mother had poisoned her children and then taken her own life. A few days later the husband committed suicide. While the cause of

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Bootstrap myth exposed: White inheritance key driver in racial wealth gap

The old tried-and-true American bootstrap lore took a big hit this month with a study that shows most families living with the material comfort and range of opportunities normally associated with middle-class status have obtained them the old-fashioned way: inheritance. The racial and wealth gap in the United States is as large as ever and

Bill Gates wants to give the poor chickens. What they need is cash.

The evidence suggests cash offers a better return and more flexibility. It’s time for a definitive study: Dear Bill, A few weeks ago, you and your wife Melinda released your famous annual letter on global health and development. I’m always a fan. This year you chose to talk about health — highlighting the good news

Venturing Into New Territory at a Tech Company in Ghana

Stanford computer science student Musila Munuve, born and raised in Kenya, had long dreamed of putting his education and skills to work on the African continent. In the summer of 2016, the Seed student intern program gave him that chance. “For high school, I went to the African Leadership Academy in South Africa,” he said.

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Iceland Plans To Become World’s First Country To Require Equal Pay For Women

"Gender equality benefits all of us," Iceland's Prime Minister Bjarni Benediktsson said on International Women's Day, as his government works on a law to require companies to show they pay men and women the same salary for the same work. Benediktsson discussed the plan in New York, where he attended an International Women's Day summit

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10-cent DryCard to Help Farmers Keep Harvest Safe From Mold

Molds that contaminate dry foods, especially ground nuts and maize cause significant postharvest losses in the developing world.  Mold contamination results in poor flavor, loss of dry matter, and most importantly, is a health hazard.  Aflatoxin, produced by several fungi, contaminates up to one quarter of the world’s food crops and is a particular problem

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Science versus the ‘Horatio Alger myth’

LOS ALAMOS, N.M., Feb. 22, 2017—In a new study published today in the journal PLOS ONE, Los Alamos National Laboratory scientists have taken a condensed matter physics concept usually applied to the way substances such as ice freeze, called “frustration,” and applied it to a simple social network model of frustrated components. They show that

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This Kenyan village is a laboratory for the biggest basic income experiment ever

Jacklin Okotch Osodo, age 29, lives in a small hut with her son and daughter in a tiny village on the southwestern edge of Kenya. Their home is part of a larger compound centered on her husband’s father and his four wives. She is expecting her third child very soon. Her husband lives in Nairobi,

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How The Psychology Of Income Inequality Benefits Luxury Brands

The more extreme income inequality becomes, the more pressure people feel to create the impression that they’ve climbed up the social ladder. I like to think that despite being wealthier than most Americans, I remain immune to materialistic desires. I drive a 17-year-old Honda Accord and wouldn’t know designer clothes if you wrapped me in

New UTSA study delves into income inequality and inflation

A new study by Edgar Ghossoub, associate professor of economics at The University of Texas at San Antonio, posits that income inequality, in varying economies, can have substantial positive and negative effects for people in all walks of life depending on what kind of financial system they live under. Income inequality became a wide public

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Utopian thinking: the easy way to eradicate poverty

Why do poor people make so many bad decisions? It’s a harsh question, but look at the data: poor people borrow more, save less, smoke more, exercise less, drink more and eat less healthily. Why? Margaret Thatcher once called poverty a “personality defect”. Though not many would go quite so far, the view that there’s

Income inequality linked to export “complexity”

In a series of papers over the past 10 years, MIT Professor César Hidalgo and his collaborators have argued that the complexity of a country’s exports — not just their diversity but the expertise and technological infrastructure required to produce them — is a better predictor of future economic growth than factors economists have historically

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