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Roundtrip travels of a T-shirt

In the award winning book, ‘Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade,’ Pietra Rivoli tracked the making of T-shirts as it traveled from American cotton farms to Chinese factories, finally arriving on a showroom in Ft. Lauderdale – and all of the tariffs and protective barriers in between.

China’s investments in Africa

Between 1990 and 1997, Chinese investment into Africa amounted to about $20 million, but from 1998 to 2002 that increased six-fold to $120 million. Only about twenty percent of that amount came into South Africa, not as large a share as might have been expected. The report indicates that there are 450 Chinese-owned investment projects in Africa, of which 46 percent are in manufacturing, 40 percent in services and only 9 percent in resource-related industries.

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.  

The ‘Nescafé’ development model

Anyone who's ever spent time in Africa (and many other places - feel free to chime in) has run into the "Nescafe" phenomenon. I also like to refer to it as the "who do I have to kill to get a decent cup of coffee" kunumdrum. Rather than real coffee, most establishments, office coffee areas (if you are lucky enough to have one), etc. have Nescafe - instant coffee. It's just not that great. And rather than just recognize it's inadequacies and replacing it, it's just modified and jazzed up to appear better than it is.

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.


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