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The volume explores how the southern engines, China, India, Brazil, and South Africa are reshaping the world economy. It looks at their development experiences, and examines how these could provide useful lessons to the developing world
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reflecting on the future prospects in Asia over the next twenty-five years. Gunnar Myrdal published his magnum opus, Asian Drama …: An Inquiry into the Poverty of Nations, in 1968. He was deeply pessimistic about development prospects in Asia. The fifty … years since then have witnessed a remarkable social and economic transformation in Asia – even if it has been uneven across …
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In the presence of inequality a status-driven utility function reconciles the conflict between income-based and nutrition-based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in the developing countries. The result is independent of...
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