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We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
Persistent link: https://www.econbiz.de/10011304762
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what quot;povertyquot; means in the world's poorest countries-is found to be more … the early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world …
Persistent link: https://www.econbiz.de/10012746763
-case, "pessimistic," path to that goal would see the developing world outside China returning to its slower pace of growth and poverty … of the time series data and non-linear simulations of inequality-neutral growth for the developing world as a whole …
Persistent link: https://www.econbiz.de/10012974682
Against what standards should we judge the developing world's overall performance against poverty going forward? The … about a 1 percentage point higher growth rate for the gross domestic product of the developing world, as long as this did …
Persistent link: https://www.econbiz.de/10012974972
-relative poverty in the developing world has been falling since the 1990s, but more slowly for the relative measure. While the number …
Persistent link: https://www.econbiz.de/10012975151
National poverty lines vary greatly across the world, from under $1 per person per day to over $40 (at 2005 purchasing … across the world and micro data on subjective perceptions of poverty are consistent with a weak form of relativity that …
Persistent link: https://www.econbiz.de/10012976570
surveys, 99 percent of the variance in the observed changes in PPPs is explicable. Using a nested test, the World Bank …
Persistent link: https://www.econbiz.de/10012976671
poverty incidence, but more slowly for the upper bound. Either way, the developing world has a higher poverty incidence but is … making more progress against poverty than the developed world …
Persistent link: https://www.econbiz.de/10012949043