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Fridays Academy (2): What is poverty and how do we measure it?

Ignacio Hernandez's picture

This is the second posting in the Fridays Academy series. This series is based on the lecture notes on Economic Policies for Growth and Poverty Reduction, by Raj Nallari. We will post a note every Friday.


What is Poverty and how do we measure it?

  • To design effective policies and strategies aimed at reducing poverty, it is critical to understand the characteristics of poverty in a country or in a geographic area. Adequate Poverty measurement techniques are essential.  

Economics of Happiness

Raj Nallari's picture

What is the appropriate goal of economic policy? From 1950s to now, this measurement of economic performance has been steadily changing from monetary to non-monetary aspects -- increasing per capita incomes, to broad-based GDP growth, to human development, to sustainable environment, gender equity, development as freedom and empowerment, poverty reduction, equity in opportunities, and more recently, to happiness.


Raj Nallari's picture

Internet technology began as a Cold War communications network developed by  America’s Department of Defense (DOD).  Between 1968 and 1998, the DOD controlled the operation of internet protocols and was coordinated by a tech-god (late Jon Postel).  Since 1998, a group called the Internet Corporation for Assigned Names and Numbers (ICANN) operating under the oversight of the American Government manages the dot-com addresses, names and routing numbers. 

Global Imbalances and Adjustment Scenarios

Yan Wang's picture

How will global external imbalances adjust? Economists have vastly diverse views. The IMF presented two adjustment scenarios using its Global Economic Model, a benign baseline and a more abrupt adjustment. Depending on views regarding the probabilities of various adjustment scenarios, proposed policy responses differ. This note provides a survey of recent literature and summarizes diverse views on various assessment of the probability of a hard landing, and the proposed policy responses.

Like a Cart with Two Wheels

At a high-level conference in Washington recently, World Bank President Paul Wolfowitz recollected an experience he had visiting a small town in Pakistan last summer.

“…development is like a cart with two wheels - one man and one woman. If one of the wheels isn’t moving, the cart won’t go very far,” one woman described to Wolfowitz.

The "Dutch Disease": Theory and Evidence

Ignacio Hernandez's picture

The term “Dutch Disease” originated in the Netherlands during the 1960s, when the high revenue generated by its natural gas discovery led to a sharp decline in the competitiveness of its other, non-booming tradable sector. Despite the revenue windfall the new discovery brought, the Netherlands experienced a drastic decline in economic growth.