If you are a high school student eager to demonstrate your leadership and initiative, consider launching a Mercy Beyond Borders Youth Advisory Board in your home town. Details here...
DO POVERTY traps exist? Academics seem to think so. According to Google Scholar, so far this year academics have used the phrase “poverty trap” 1,210 times. (Paul Samuelson, possibly the greatest economist of the 20th century, was mentioned a mere 766 times). Some of the most innovative work in development economics focuses on how individuals' lowly economic position may be perpetuated (geographical and psychological factors may be important). But, says a new paper by two World Bank economists, the idea of poverty traps may be overblown. They focus on national economies and present some striking statistics. In the graph below, a country that manages to get to the left side of the line has seen real per-capita income improvement from 1960 to 2010. The vast majority are on the left: What is more, the bottom 20% of countries in 1960, over the subsequent fifty years, saw an average annual growth rate in real per-capita GDP of 2.2%. (The richest 20% only mustered 2.1%.) In fact, over the last 50 years the poorest 10% of countries have grown at the same rate that America did in the past 200. That fact, argue the economists, “is difficult to square with models of poverty traps.”But I'm not so sure. For instance: let’s compare the bottom quintile of countries in 1960 (of which there were 22) with the bottom 22 in 2010. The average annual per-capita GDP growth rate falls ...
Jean-Bertrand Aristide was placed on house arrest in a corruption investigation, an order protested by his supporters whom claimed there was no provision in Haitian law for such a penalty.
Children should learn in the language they speak at home, not French.
Secretary General Ban Ki-moon of the United Nations visited Haiti on Monday and sought to assure Haitians that he was committed to ending a cholera epidemic “as quickly as possible,” but he did not acknowledge his organization’s possible...
Secretary General Ban Ki-moon’s spokesman denied that the official had been served.
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