Oxfam International managed to post a video clip blaming Brazilian poverty on inequality then tweet the same day on an important cause of poverty in developing nations. That important cause was the difficulty of establishing property rights in poor countries.
Brazil is a terrible place to start a business, register property, pay taxes and trade across borders to name but a few of many deficiencies is a business environment. Little wonder that it is poor because of all these factors that are within the remit of its government.
Oxfam International would serve the poor of Brazil and the rest of the Third World far better by spending more time complaining about bad business environments.
Countries that embraced capitalism such as in East Asia did far better than those in Latin America that hesitated and preferred crony capitalism.
Oxfam mislead its readers about the degree of inequality in Latin America compared to the past.
By Paolo Falco.
Despite unprecedented progress over the past century, gender gaps in the labour market persist throughout the emerging world and are accompanied by important skill gaps. Most notably, women tend to perform worse in STEM subjects, have lower financial literacy and business knowledge than men. The OECD Employment Outlook 2016 paints an up-to-date picture of gender gaps in 16 emerging economies accounting for over half of the world’s population and outlines a comprehensive set of policy recommendations.
The integration of women into the labour market was one of the most momentous trends of the 20th century, and it was accompanied by an unprecedented process of skills catch-up. In 1950, women worldwide only had three quarters of the years of schooling that men had. By 2010, the ratio had almost reached 90% and it continues to increase (Barro and Lee, 2013). The rate of convergence was even higher in…
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