poverty
In the wake of COVID-19, the world economy is set to contract 3 percent in 2020, according to recent estimates from the International Monetary Fund. As devastating as this may be, the long-term economic prospects are even worse, as a research analysis by IMF economists found that five years after a pandemic, economic inequities will […]
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Since the end of 2019, 13 deaths in the Mississippi prison system, most at the infamous Parchman Penitentiary, have graphically illustrated the level of crisis in the state’s penal system. Observers across the political spectrum agree that a perpetual lack of funding is the root problem, causing understaffing and poor prison services. Yet they disagree […]
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Wealthy, influential political and business leaders, experts, celebrities — and the attendant press — love to jet around the world to luxurious, insulated venues such as Davos, Switzerland, where they meet to discuss and find solutions to the world’s problems. Problems such as the hundreds of millions of people still living in extreme poverty. Enter […]
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Poorly-regulated micro-finance institutions, supposedly intended to help alleviate poverty, are doing the opposite. Millions of Cambodians are now submerged in personal debt from institutions supposedly set up to help the poor — who typically have great difficulty procuring bank loans — succeed in various types of small economic activities such as entrepreneurship. Predatory micro-loans are […]
> Read MoreA new World Bank report predicts that 87 percent of the world’s extremely poor people by 2030 will be in sub-Saharan Africa. Also striking is the forecast that sometime in 2018 Nigeria would take over from India as the country with the most poor people, This shift is a result of South Asia’s economic growth, […]
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