Same good earth, different harvests
Just like in harvests, severe economic and political limitations restrict the income of individuals around the world, as well.
Case in point:
Within India – $1trillion economy 1billion individuals – $1000 per capita
Overseas Indians: $350 billion annual income 20 million individuals – $17500 per capita
(rough figures, not adjusted for PPP)
As far as I know, there has been [...]
Argentina misses out on grain bonanza as farm crisis sparks fears of economic downturn
From a sound economic point of view, it is more effective for governments to make direct cash transfers or provide vouchers to the poor than to mess with the price mechanism this way. Government-induced price distortions always end in more tears for the poor. Politicians around the world seems to have trouble with the concept [...]
Where is the Wealth of Nations?
Solutions are known, it is the execution/implementation which is a problem
Executive summary via World Bank
Where is the Wealth of Nations?
Answering this question yields important insights into the prospects for sustainable development in countries around the world.
Bottomline: The evidence in this volume suggests that investments in produced capital, human capital, and governance, combined with saving efforts [...]
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