https://twitter.com/WorldBank/status/664161394955304961
Night-light maps shows huge need 4 #infrastructure investment in African #cities. Video: https://t.co/21z0sT1fXk pic.twitter.com/BJXzwAZPyE
— World Bank (@WorldBank) November 10, 2015
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
14 Nov 2015 1 Comment
in development economics, energy economics, environmental economics, growth disasters, growth miracles Tags: Africa, child poverty, energy poverty, extreme hunger, extreme poverty, global hunger, Greenpeace, Oxfam, The Great Escape
11 Nov 2015 Leave a comment
in development economics, economics of bureaucracy, growth miracles
10 Nov 2015 Leave a comment
in constitutional political economy, development economics, environmentalism, growth miracles, liberalism
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
When my father was born, 7 in 10 people lived in absolute poverty.
Today, it's 1 in 10! https://t.co/1Caqku3AY1—
Tim Fernholz (@TimFernholz) October 21, 2015
10 Nov 2015 Leave a comment
Breathing Beijing’s air: the equivalent of smoking nearly 40 cigarettes a day. http://t.co/7M3TxrgUPD—
ian bremmer (@ianbremmer) October 13, 2015
10 Nov 2015 Leave a comment
in applied welfare economics, development economics, economic history, growth disasters, growth miracles Tags: China, India, The Great Escape, The Great Fact
05 Nov 2015 1 Comment
in development economics, economic history, growth miracles Tags: East Asian Tigers, Hong Kong, Japan, Singapore, South Korea, Taiwan
Japan has gone first to be last having been just overtaken in the last year or two by South Korea on a per capita real GDP basis, PPP. The Lost Decade certainly has taken its toll on Japanese relative prosperity. Singapore overtook Japan in the 1970s – a testament to the Singapore miracle. Hong Kong too overtook Japan on a purchasing power basis in the mid-1990s followed not long after by Taiwan. Singapore is seriously rich.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
05 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, macroeconomics, Robert E. Lucas Tags: capitalism and freedom, industrial revolution, The Great Enrichment, The Great Escape, The Great Fact
05 Nov 2015 Leave a comment
in development economics, economic history, growth miracles Tags: South Korea, The Philippines
About 20 years ago, Robert Lucas reminded that in 1960 the Philippines and South Korea were at the same level of economic development. What followed for one was an economic miracle while the other the other grew at the same average pace as other developing countries is the central puzzle for the economics of economic growth.

Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

Source: Robert E. Lucas Jr. “Making a Miracle” Econometrica (1993).
04 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: China, economics of fertility, one child policy, The fatal conceit, The pretense to knowledge, unintended consequences
01 Nov 2015 Leave a comment
in constitutional political economy, development economics, economic history, growth disasters, growth miracles, liberalism, Public Choice Tags: Africa, capitalism and freedom
01 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, Marxist economics, population economics Tags: China, economics of fertility, Hong Kong, one child policy, The fatal conceit, The pretense to knowledge
01 Nov 2015 Leave a comment
in development economics, environmental economics, growth miracles, urban economics Tags: air pollution, indoor pollution
https://twitter.com/wef/status/655654641145876483/photo/1
Live map shows the air-pollution level in hundreds of cities around the world buff.ly/1LyAECb http://t.co/Y89ESUhmWI—
Business Insider (@businessinsider) October 18, 2015
31 Oct 2015 Leave a comment
in development economics, economic history, growth miracles Tags: China, extreme poverty, India
Despite coming out of the blocks together, the Chinese economic miracle led to far larger increase in its respective real GDP PPP. Indian GDP only increased eightfold while Chinese GDP increased 18 fold since 1980 on a purchasing power parity basis.

Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
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