Time for the BIG Idea in the Developing World
There is growing support in the rich world for a basic-income guarantee (BIG), in which the government would provide a fixed cash transfer to every adult, poor or not.
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There is growing support in the rich world for a basic-income guarantee (BIG), in which the government would provide a fixed cash transfer to every adult, poor or not.
I’m pleased to be on this list of “top economist” signatories of an open letter to UN Secretary-General Ban Ki-Moon endorsing the simple idea that economic growth should be the foundation stone on which the other Sustainable Development Goals, especially poverty reduction, are built.
Would you believe that half of Asia lives in poverty and the absolute number is rising? That’s what the new Key Indicators report by the Asian Development Bank (ADB) would have you believe.
In a recent SNL sketch Bill Haider is a white celebrity filming a commercial in a village using black people as props to plead for “39 cents a day” which he claims is “all these people need to survive.”
Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.
A set of more or less arbitrary lines continues to do very strange things to discussions about development.
Last week, we sat down with Lawrence to record a Wonkcast on our new working paper The Median is the Message: A Good-Enough Measure of Material Well-Being and Shared Development Progress. In the paper, we argue that survey-based median household consumption expenditure (or income) per capita should be incorporated into standard development indicators, as a simple, robust, and durable indicator of typical individual material well-being in a country.
When middle class households opt out en masse of public schools — as in India and Brazil and the inner cities of USA— it’s bad news for the children of the poor majority. That’s now a familiar and important argument for radical new thinking about school systems. But it’s even worse for poor people when the middle class and rich give up on basic public security, protecting themselves instead with private guards, gated communities and bullet-proof cars.
I’m a pretty big fan of cash transfers. I’ve become convinced that cash is an efficient immediate way to help the poor and very often a better alternative than other standard development interventions like training or building schools.
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