Long Story Short: Poverty, Development & Coronavirus

Written by Ryan McGuine // Poverty and development are intimately related, and COVID-19 provides an example of that connection as it continues to spread worldwide, including to ill-prepared regions like South America and Africa. Combating poverty typically involves short-term, programmatic interventions, while promoting development usually consists of long-term, macro policies. These were long considered two … Continue reading Long Story Short: Poverty, Development & Coronavirus

Poor Economics, Great Economists

Written by Ryan McGuine // In October, economists Abhijit Banerjee, Esther Duflo, and Michael Kremer were awarded the Nobel Prize in Economic Sciences "for their experimental approach to alleviating global poverty." All three recipients are Americans, though Mr Banerjee and Miss Duflo are immigrants. Miss Duflo is just the second woman to have won the … Continue reading Poor Economics, Great Economists

The Sustainable Development Goals

Written by Ryan McGuine // In the year 2000, the United Nations (UN) adopted the United Nations Millennium Declaration, a document that established the Millennium Development Goals (MDGs) — eight goals related to economic development with a target completion date of 2015. Those targets were: To eradicate extreme poverty and hunger To achieve universal primary education To promote gender equality and … Continue reading The Sustainable Development Goals

Defining Development

Written by Ryan McGuine // The term "development" broadly refers to the level of well-being that people enjoy, but quantifying well-being is not an easy thing to do. The traditional, and still most commonly-used, way to measure and compare levels of well-being across countries is personal income — gross national income (GNI) per capita. A … Continue reading Defining Development