Anirudh Krishna found that the lack of connections, rather than a shortage of better jobs, is what keeps poor Indians from escaping poverty.
Trying to navigate the World Bank's data on lending and country projects? Check out our new interactive map – it's an easy way to get the full picture.
The IMF presented recently its Fall World Economic Outlook, with the title Globalization and Inequality.
The World Economic Outlook presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries.
The IMF's World Economic Outlook forecasts a 6.8 percent growth for the continent in 2008. Up from 6.1 percent in 2007, it's a performance not seen in the region since the 1970s.
The total bottom of the pyramid household market for information and communication technologies (ICT) is estimated at $51.4 billion and includes 3.96 billion people with annual incomes below $3000.
There are three reasons to be optimistic: a new, more effective drug and two vaccine prototypes - one of which made using mosquitoes' saliva glands. Stefan Kappe, the researcher, says:
We've made vaccines from pus and poop, we make them now using eggs—so why not make them in live mosquitoes?
We continue our weekly series, as usual from Raj Nallari and Breda Griffith's lecture notes.
Land Policies and Women
At times when the cost of credit in the mainstream market rises, subprime borrowers, who have to pay even higher interest rates, can find their chance in the arms of social lenders. Because peer-to-peer lenders, such as Prosper, don't face the same constraints during a financial crunch as normal banks, they are able to charge lower rates and prosper.