pace of diffusion of digital technologies in the developing world far exceeds growth in access to basic services http://t.co/Kig46T713M—
Laurence Chandy (@laurencechandy) May 20, 2015
Technology diffusion to underdeveloped countries is quickening
20 Oct 2015 Leave a comment
in development economics, growth disasters, growth miracles Tags: creative destruction, international technology diffusion, technology diffusion
Height differences between South Koreans and North Korean female escapees
20 Oct 2015 Leave a comment
in development economics, growth disasters, growth miracles, Marxist economics
Capitalism delivers growth miracles – Twitter Left still grumbles
20 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles
#inequality matters for achieving the end of #poverty. #EvenItUp @OxfamAmerica @dpaulobrien https://t.co/Ld9qhJhfcl—
Nick Galasso (@vngalasso) October 19, 2015
The Left over Left would grumble at the gates of heaven.
Source: Inequality in Asia and the Pacific | Asian Development Bank.
The fact that most of the Twitter Left would have to go through the eye of a needle would not dawn of them. They would be more interested in whether there was free Wi-Fi.
where do the extreme poor live? this @worldbank graphic wont tell you as it ignores new survey data 4 Nigeria & India http://t.co/APb0M0TuYK—
Laurence Chandy (@laurencechandy) April 14, 2014
The latest grumblings of the Twitter Left is after the World Bank announced that extreme poverty is to drop below 10% of the world’s population for the first time ever.
Rather than celebrate this tremendous achievement of capitalism and freedom, the Twitter Left grumbles about inequality.
A look at hunger reduction → performance + projections by region: brook.gs/1FWLLOS http://t.co/ELNzKn6BCQ—
Brookings Global (@BrookingsGlobal) June 16, 2015
A legitimate reason for the opposition to capitalism in Latin America is crony capitalism. This is opposed to the competitive capitalism that produces economic miracles. Becker defines crony capitalism as
…a system where companies with close connections to the government gain economic power not by competing better, but by using the government to get favoured and protected positions. These favours include monopolies over telecommunications, exclusive licenses to import different goods, and other sizeable economic advantages. Some cronyism is found in all countries, but Mexico and other Latin countries have often taken the influence of political connections to extremes.
Nearly all of Asia (where much of the world’s population lives) has undergone rapid and sustained economic and social progress because they became market economies, starting with the Asian Tigers and recently in previously socialist India and communist China.
Growth paths of #LatAm & the Caribbean the South East Tigers: wrld.bg/NCtLt #RiseoftheSouth http://t.co/IFuUOWldox—
World Bank Pubs (@WBPubs) May 31, 2015
Latin America adopted the inward economic policies of the mid-20th century that renegade liberals praise so much and they became development disasters.
How can we eradicate #poverty by 2030? @Winnie_Byanyima wef.ch/1QvSVPW #development http://t.co/reBsT24BU3—
World Economic Forum (@wef) September 24, 2015
The trend in past several decades in most countries has been toward more open economies with greater competition within industries. There is more reliance on private enterprise, and with a reduced role for government, government-run enterprises, and cronyism.
Hot off the press: @WorldBank publishes new global poverty estimates and forecasts. 1.01 billion < $1.25/day in 2011 http://t.co/cGfdEAdOMo—
Laurence Chandy (@laurencechandy) October 08, 2014
As the world embraced free market policies in the late 20th century, living standards rose sharply; life expectancy, education and democracy improved and absolute poverty declined.
Xavier Sala-I-Martin and Maxim Pinkovskiy (2010) found that between 1970 and 2006, extreme poverty fell by 86% in South Asia, 73% in Latin America, 39% in the Middle East and 20% in Africa.
The percentage of people living on less than $1 a day (in PPP-adjusted 2000 dollars) fell from 26.8% in 1970 to 5.4% in 2006.
#Africa represents the last hurdle to ending extreme #poverty ($1.25 per day) → brook.gs/1JS4EUH http://t.co/ihDFc6R3ly—
Brookings Global (@BrookingsGlobal) July 29, 2015
Xavier Sala-I-Martin also estimated eight indexes of income inequality. All of them show reductions in global inequality during the 1980s and 1990s.
@BernieSanders @JeremyCorbyn4PM in 1962, people in 51 nations ate <2000 calories a day – how many do today?
19 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: child poverty, extreme poverty, global hunger, global poverty, The Great Escape
In 1962, people in 51 countries consumed <2000 calories per day. In 2011? One. buff.ly/1PmjIRK #WorldFoodDay http://t.co/zdJRWK1Mtj—
HumanProgress.org (@humanprogress) October 16, 2015
The Great Escape in China
18 Oct 2015 Leave a comment
in development economics, economic history, entrepreneurship, growth disasters, growth miracles Tags: China, The Great Escape
@GreenpeaceNZ @jamespeshaw The Futility and Farce of Global Climate Negotiations @RichardTol
18 Oct 2015 Leave a comment
in constitutional political economy, development economics, economics of bureaucracy, environmental economics, environmentalism, global warming, growth disasters, growth miracles, international economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: bootleggers and baptists, climate alarmism, expressive voting, free-riders, global warming, green tariffs, international public goods, Leftover Left, New Zealand Greens, Twitter left
It is time for the environmental movement to face up to the fact that there never will be an international treaty to restrain carbon emissions. The practical way to respond to global warming is healthier is wealthier, richer is safer. Faster economic growth creates more resources for resilience and adaptation to a changing environment.
NEW REPORT: The Futility and Farce of Global Climate Negotiations bit.ly/1LvFFv3 http://t.co/TwbFUwaPlm—
Manhattan Institute (@ManhattanInst) October 17, 2015
India's target compared to its recent history http://t.co/pIvwhoSTpL—
Richard Tol (@RichardTol) October 02, 2015
Cell phones are conquering Africa
14 Oct 2015 Leave a comment
in development economics, economics of media and culture, growth disasters, growth miracles Tags: Africa, cell phones, technology diffusion
Africa is more connected than ever, with a record 84 cell phone subscriptions per 100 people. buff.ly/1L4Daw8 http://t.co/GkqcKAUPmW—
HumanProgress.org (@humanprogress) October 06, 2015
Leaked letter shows how @Oxfam @sierraclub lobbied to block cheap energy for poor nations @GreenpeaceNZ @oxfamnz
12 Oct 2015 Leave a comment
in development economics, energy economics, entrepreneurship, environmental economics, environmentalism, growth disasters, growth miracles Tags: energy poverty, expressive voting, global poverty, green rent seeking, Leftover Left, Oxfam, rational ignorance, rational irrationality, stream poverty, The Great Escape
https://twitter.com/MichaelBTI/status/651503672002785281
Outrageous & Orwellian for @Oxfam to lobby to deny cheap energy to poorest people in world. #ElectrifyAfrica http://t.co/b2P09Gn7rP—
Mike Shellenberger (@MichaelBTI) October 06, 2015
Oxfam world HQ looks like such a pleasant place to work. Grid electricity. Effective security. Ample parking. http://t.co/lsxTf2DN6b—
Mike Shellenberger (@MichaelBTI) October 06, 2015
Here's @Oxfam's luxury office building in UK. Were its steel & glass components constructed with solar panels? http://t.co/642mm2zB4B—
Mike Shellenberger (@MichaelBTI) October 06, 2015
https://twitter.com/MichaelBTI/status/651458416569909248
https://twitter.com/VoxMaps/status/608411758022291456/photo/1?ref_src=twsrc%5Etfw
Chile and Venezuela compared
09 Oct 2015 Leave a comment
in development economics, growth disasters, growth miracles, Marxist economics Tags: Chile, Venezuela
Embrace the free market and overtake your socialist competitors. buff.ly/1PZ3yuN http://t.co/xfpF4vtqlv—
HumanProgress.org (@humanprogress) October 05, 2015
What will it take to finish the Last Mile in ending extreme poverty
09 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality Tags: capitalism and freedom, The Great Escape, The Great Fact
What will it take to finish the “Last Mile” in ending extreme #poverty? brook.gs/1LiFT8E http://t.co/YxSZ36VCSW—
Brookings (@BrookingsInst) October 07, 2015
@oxfamnz still more mass kidnappings of #ODA & #Occupy activists
05 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: capitalism and freedom, ODA, The Great Enrichment, The Great Escape, The Great Fact
Why are they not dancing in the streets on the news today that extreme poverty has fallen below 10% of the world’s population for the first time ever.
The only possible explanation is these principled activists for the cause of the poor and oppressed not celebrating the latest achievements of capitalism and freedom is they have been kidnapped by nefarious forces.
We pray for their safe return so they can join the celebrations of The Great Fact and The Great Escape.
.@Worldbank: Est. 702M ppl living in #extremepoverty in 2015, down from 902M in 2012: wrld.bg/SZKfZ http://t.co/y6r1gVlciH—
World Bank (@WorldBank) October 05, 2015
Rising incomes helped bottom 40% of income earners in most countries over last 10 yrs -WBG: wrld.bg/SZM2M http://t.co/f9vdfA2htk—
World Bank (@WorldBank) October 05, 2015
How can we eradicate #poverty by 2030? @Winnie_Byanyima wef.ch/1QvSVPW #development http://t.co/reBsT24BU3—
World Economic Forum (@wef) September 24, 2015
Which are the poorest countries in the world? wef.ch/1RcYiVo #economics http://t.co/uK1BFlcZQb—
World Economic Forum (@wef) October 05, 2015
The Great Era of Global Development: Steve Radelet
04 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: The Great Enrichment, The Great Escape, The Great Fact
Bono – Capitalism Reduces Poverty
03 Oct 2015 Leave a comment
in development economics, economic history, economics of media and culture, growth disasters, growth miracles, Music Tags: Africa, Bono, China, The Great Enrichment, The Great Fact, U2
The % of the world living on less than $1.25 a day will fall to 5% by 2030
02 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: extreme poverty, global poverty, The Great Enrichment, The Great Escape, The Great Fact
The portion of the world population living on less than $1.25 a day will fall to 5% by 2030: j.mp/1Lvk5D4 http://t.co/vd6dkCYpoY—
Cato Institute (@CatoInstitute) September 16, 2015
Belonging to the freest countries in the world greatly improves the average person’s income: j.mp/1JWMi93 http://t.co/mMEDCklcis—
Cato Institute (@CatoInstitute) September 12, 2015
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