Yesterday’s New York Times included a useful review of the assaults on the notion of GDP. It reminded readers that as long ago as 40 years ago it was attacked by Robert F Kennedy who said it: “measures everything, in short, except that which makes life worthwhile.” The article also welcomed the review of GDP […]
Jeffrey Sachs writes in an article for Project Syndicate on the spread of mobile phones in the world’s poorer countries: “market penetration in poor countries is rising sharply. India has around 300 million subscribers, with subscriptions rising by a stunning eight million or more per month. Brazil now has more than 130 million subscribers, and […]
No doubt the new report on global health inequalities by a commission backed by the World Health Organization (WHO) will repay close study. It is a comprehensive work on an important subject. It also looks certain that some will use the fact that there is not a 100% clear correlation between income levels and health […]
Spiked has published an extended version of my review of Robert Reich’s Supercapitalism. The original was published in Fund Strategy (see 4 August 2008 post).
Worldwrite is to launch an online monthly video news channel called Worldbytes at 7pm (London time) on Friday 5 September. More details to follow but it promises to be a must watch programme with its staunchly pro-development stance and irreverent attitude to growth scepticism.
The World Bank has launched its new $1.25 a day poverty measure (see post of 25 May 2008). Under the new measure a greater number of people are classified as poor although the proportion of people living in poverty is still falling over time. The number living in poverty is 400m more than previously assumed […]
The United Nations Development Programme is recruiting sports stars to promote the Millennium Development Goals. It is running full page ads in prominent newspapers featuring a large picture of Maria Sharapova (photogenic Russian tennis player) and LeBron James (basketball player). The campaign is evidently also backed by two footballers: Zidane and Ronaldo (the Brazilian one […]
It’s always nice to be proved right on something but it doesn’t often happen right on cue. After noting in yesterday’s post that inequality is a big debate in America many competing views have been expressed in relation to the Poverty, Income and Health Insurance report published by the US Census Bureau. The New York […]
Chrystia Freeland, the US managing editor of the Financial Times (FT), reviews what she describes as a “fine new book” on “the most important US economic trend, and hence most critical domestic issue – growing income inequality” (FT, 25 August): Claudia Godlin and Larry Katz, The Race Between Education and Technology, Belknap Press. However, I’m […]
The following comment by me appeared in this week’s Fund Strategy. It is related to my cover story on the rising trend in oil prices which you can read here. Although this week’s cover story is about oil it also helps explain why inflation is rising so strongly. It is not just that energy prices […]
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