According to a survey of 100 senior executives at top Western corporations, the average company expects to have one-third of its sales coming from rapidly developing economies like China and India by 2010, compared to 21% now. That's not surprising, given that more than 40% of world economic growth over the next decade is expected to come from China, India, Central and Eastern Europe, and Latin America.
As every Friday, we are posting one of the lecture notes on Economic Policies for Growth and Poverty Reduction, from Raj Nallari.
Steps in Measuring Poverty
There are three main steps to be taken into consideration when measuring poverty.
Define an indicator of welfare
Establish a minimum acceptable standard of that indicator to separate the poor and the non-poor (often known as the poverty line) and
The always great Kennedy School International Development Conference will be held April 7-9. Some very interesting panels and workshops this year. I hope to be there on the 7th.
Entrepreneurial Tanzanians are combining the ultra-violet power of the sun, black-painted roofs and plastic water bottles to sterilize their drinking water of cholera, typhoid, dysentery and the like.
The World Bank's Independent Evaluation Group has issued the first comprehensive and independent assessment of Bank assistance for trade. The report finds that despite greater openness, full benefits from trade are yet to be realized. The $38 billion in World Bank financing for trade programs since 1987 helped poor countries open markets, but were not as effective as hoped in boosting exports and growth, and fighting poverty.
"The developed world has a responsibility to help developing economies meet their energy needs in an environmentally sustainable way… So at the World Bank meetings in April... I will propose a World Bank facility -- a 20 billion-dollar fund for developing economies to invest in alternative sources of energy and greater energy efficiency."
That’s Gordon Brown, UK Chancellor of the Exchequer.