Ideas to action: independent research for global prosperity
On the Equity-Friendly Property Tax: Time for Developing Countries to Invest?
April 25, 2018
A large proportion of revenue gains over the last two decades has come from countries’ efforts to improve the design and compliance of consumption and other indirect taxes, particularly the VAT (value-added tax); in doing so, the objective has been to minimize VAT’s regressive effe...
Strugglers: The New Poor of the 21st Century
March 05, 2018
Mohamed Bouazizi is the man whose protest sparked the Arab Spring in December 2010. Bouazizi was a typical “struggler,” as in the title of my keynote speech at the Australasian Aid conference several weeks ago: “Strugglers: This Century’s New Development Challe...
Increasing External Debt and Electoral Cycles in Emerging Markets: How Do They Affect Prospects for Long-Term Growth?
January 23, 2018
Recently, the World Bank published its latest Global Economic Prospects report, which highlights a welcomed cyclical recovery for all major regions of the world following recent slow growth. I was pleased to participate in a panel discussion at CGD analyzing the report’s finding...
Middle Class: Winners or Losers in a Globalized World?
August 02, 2017
Globalization is under attack in the West. The debate among pundits is no longer about whether globalization is to blame or not. It is about why globalization is now the bugaboo it has become. A common thread are changes, for the worse, in the economic and social standing of the Western middle class...
Middle-Class Heroes: The Best Guarantee of Good Governance
February 16, 2016
The two economic developments that have garnered the most attention in recent years are the concentration of massive wealth in the richest one percent of the world’s population and the tremendous, growth-driven decline in extreme poverty in the developing world, especially in China. But ju...
Median Income / Consumption Data as Extracted from the World Bank’s PovcalNet
February 09, 2016
By making this data public, we hope to encourage more development professionals to use the median in evaluating individuals’ material well-being in developing (and developed) countries and progress toward broad-based economic growth and shared prosperity. We also hope that wider use of the median wi...
Median Income versus GDP
February 06, 2016
Median measures of well-being give us a better picture than the mean of the well-being of a “typical” individual. Take Nigeria and Tanzania: in 2010, Nigeria’s GDP per capita (at PPP) was $5,123; Tanzania’s stood at only $2,111. This suggests that Nigerians were more than twice as well off as Tanzan...
The World Bank’s Poverty Statistics Lack Median Income Data, So We Filled In the Gap Ourselves — Download Available
February 06, 2016
PovcalNet, the World Bank’s global poverty database, provides all kinds of country statistics, including mean income, the share (and number) of the population living in absolute poverty ($1.90), the poverty gap and several measures of income inequality, such as the Gini coefficient. But one th...
Does the Rise of the Middle Class Lock in Good Government in the Developing World?
April 28, 2015
The current size of the income-secure middle class and its likely future growth, suggest that optimism is indeed warranted for many of today’s middle-income countries. But it is not warranted for all of them, and especially not for most of the low-income countries of South Asia and sub-Sah...