Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Poverty’

Investing in Poverty Reduction

Posted by hkarner - 19. März 2018

Laura Tyson, a former chair of the US President’s Council of Economic Advisers, is a professor at the Haas School of Business at the University of California, Berkeley, and a senior adviser at the Rock Creek Group.

Lenny Mendonca, Chairman of New America, is Senior Partner Emeritus at McKinsey & Company.

After almost a year of accomplishing nothing, the Republican-led US Congress has managed to enact a far-reaching tax law and budget legislation that will shape the contours of future government spending. Neither will solve America’s most pressing economic challenges, but each does include at least one sensible idea for tackling poverty.

BERKELEY – The tax legislation that US President Donald Trump signed into law last December will dramatically increase inequality and the federal budget deficit. Yet, hidden within it – and within budget legislation enacted in February – are two promising programs for helping state and local governments address the needs of disadvantaged Americans.

The new tax law creates generous incentives to encourage private investment in distressed urban and rural areas; and a provision in the budget package will establish a competitive grant program to help states fund “pay-for-success” contracts. Both ideas have their roots in the Democratic administrations of Presidents Bill Clinton and Barack Obama; but they attracted congressional Republican support because they empower state and local governments, rely on public-private partnerships, and encourage rigorous impact assessments. Den Rest des Beitrags lesen »

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Europe’s Poverty Time Bomb

Posted by hkarner - 15. Februar 2018

Edoardo Campanella

Edoardo Campanella is a Future of the World Fellow at the Center for the Governance of Change of IE University in Madrid.

Poverty, especially among the young, has been a growing problem across many European countries since the 2008 financial crisis. And now political leaders in hard-hit countries like Italy are calling attention to the issue in the worst way possible: by promising quick fixes that won’t work and would jeopardize government budgets.

MADRID – The poor don’t often decide elections in the advanced world, and yet they are being wooed heavily in Italy’s current electoral campaign. Former Prime Minister Silvio Berlusconi, the leader of Forza Italia, has proposed a “dignity income,” while Beppe Grillo, the comedian and shadow leader of the Five Star Movement, has likewise called for a “citizenship income.”

Both of these proposals – which would entail generous monthly payments to the disadvantaged – are questionable in terms of their design. But they do at least shed light on the rapidly worsening problem of widespread poverty across Europe. Den Rest des Beitrags lesen »

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The Enlightenment Is Working

Posted by hkarner - 12. Februar 2018

Date: 11-02-2018
Source: The Wall Street Journal By Steven Pinker

Don’t listen to the gloom-sayers. The world has improved by every measure of human flourishing over the past two centuries, and the progress continues, writes Steven Pinker.

For all their disagreements, the left and the right concur on one thing: The world is getting worse. Whether the decline is visible in inequality, racism and pollution, or in terrorism, crime and moral decay, both sides see profound failings in modernity and a deepening crisis in the West. They look back to various golden ages when America was great, blue-collar workers thrived in unionized jobs, and people found meaning in religion, family, community and nature.

Such gloominess is decidedly un-American. The U.S. was founded on the Enlightenment ideal that human ingenuity and benevolence could be channeled by institutions and result in progress. This concept may feel naive as we confront our biggest predicaments, but we can only understand where we are if we know how far we’ve come. Den Rest des Beitrags lesen »

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Globale Armut: Es gibt Hoffnung

Posted by hkarner - 1. Januar 2018

Kommentar der anderen: Andreas Obrecht, 29. Dezember 2017, 17:04 derstandard.at

Eine kritische Replik auf Philipp Blom

Neben anderen kulturpessimistischen Befunden geht Philipp Blom im Standard-Interview vom 28. 12. auch auf die Hoffnung auf Armutsreduktion ein, die sich nicht verwirklicht habe: „Die Hoffnung von Vorgängergenerationen war ganz anders. Sie hofften, dass die Fortschritte in Wissenschaft und Medizin die Welt verbessern und Armut abschaffen werden. Das hat sich zwar als unsinnig herausgestellt, aber es hat diese Gesellschaften getragen. Die gegenwärtige Situation gibt keinen Anlass zur Hoffnung.“

Dieser Aussage muss aufgrund der Faktenlage widersprochen werden: Als ich zehn Jahre alt war, im Jahre 1970, lebten 2,2 Milliarden Menschen unter der „absoluten Armutsgrenze“, hatten also kaufkraft- und inflationsbereinigt weniger als 1,90 US-Dollar pro Kopf und Tag zur Verfügung – das waren damals 60 Prozent der Weltbevölkerung. Das Jahr 1970 markiert freilich auch eine Trendwende, denn ab dann begann die globale Armut sukzessive zu sinken – und dies nicht nur prozentuell, sondern auch in absoluten Zahlen. Heute leben rund 800 Millionen Menschen unter der absoluten Armutsgrenze, das sind bei rund 7,5 Milliarden Menschen im Jahr 2017 rund 10,7 Prozent der Weltbevölkerung. Den Rest des Beitrags lesen »

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Great strides have been made against disease and poverty

Posted by hkarner - 17. September 2017

Date: 16-09-2017
Source: The Economist

A report from the Gates Foundation spells out the biggest risks to future progress

IF YOU look beyond the rich West, most of which has been in a funk ever since the financial crisis of 2007-08, the world has had an amazing run. Fully 6m fewer children under the age of five died in 2016 than in 1990. Never before have so many people been free of grinding poverty and ill health. Never have women been so unlikely to die as a result of giving birth, or to lose a baby to illness.

But the possibility that after this long winning streak humanity could be about to trip and fall is preoccupying Bill and Melinda Gates, a pair of self-described “impatient optimists” who run a foundation dedicated to solving the world’s problems. A report from the foundation published on September 13th suggests that progress on several fronts may be starting to falter. Den Rest des Beitrags lesen »

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The world has made great progress in eradicating extreme poverty

Posted by hkarner - 3. April 2017

Date: 01-04-2017
Source: The Economist

But the going will be much harder from now on

TO PEOPLE who believe that the world used to be a better place, and especially to those who argue that globalisation has done more economic harm than good, there is a simple, powerful riposte: chart 1, below. In 1981 some 42% of the world’s population were extremely poor, according to the World Bank. They were not just poorer than a large majority of their compatriots, as many rich countries define poverty among their own citizens today, but absolutely destitute. At best, they had barely enough money to eat and pay for necessities like clothes. At worst, they starved.

Since then the number of people in absolute poverty has fallen by about 1bn and the number of non-poor people has gone up by roughly 4bn. By 2013, the most recent year for which reliable data exist, just 10.7% of the world’s population was poor (the modern yardstick for destitution is that a person consumes less than $1.90 a day at 2011 purchasing-power parity). Poverty has almost certainly retreated further since 2013: the World Bank’s finger-in-the-wind estimate for 2016 is 9.1%. Homi Kharas of the Brookings Institution, a think-tank, calculates that someone escapes extreme poverty every 1.2 seconds. Den Rest des Beitrags lesen »

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How to Spread the Wealth

Posted by hkarner - 5. Januar 2017

 The best explanation and approach to a solution  on inequality I have heard so far. What a pity this man is dead! (hfk)

Date: 04-01-2017
Source: Foreign Affairs

Practical Policies for Reducing Inequalityatkinson-website

By Anthony B. Atkinson.

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Reducing Inequality and Poverty in America

Posted by hkarner - 24. August 2016

Photo of Martin Feldstein

Martin Feldstein

Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, chaired President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984. In 2006, he was appointed to President Bush’s Foreign Intelligence Advisory Board, and, in 2009, was appointed to President Obama’s Economic Recovery Advisory Board. Currently, he is on the board of directors of the Council on Foreign Relations, the Trilateral Commission, and the Group of 30, a non-profit, international body that seeks greater understanding of global economic issues.

AUG 23, 2016, Project Syndicate

CAMBRIDGE – With a new American president and Congress taking office just six months from now, the time has come to rethink the government’s programs aimed at helping the poor. The current election season has reflected widespread concern about the issue of inequality. Reducing poverty, rather than penalizing earned success, is the right focus for dealing with it.

The United States government now spends more than $600 billion a year on programs to help the poor. That’s about 4% of America’s total GDP. Half of those outlays are for health programs, including Medicaid and the health-insurance subsidies under the 2010 Affordable Care Act (so-called Obamacare). The other half are for a complex range of programs including food stamps, housing subsidies, the Earned Income Tax Credit, and cash relief. Den Rest des Beitrags lesen »

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Promises to Keep in 2016

Posted by hkarner - 21. Januar 2016

Photo of Bill Gates

Bill Gates

Bill Gates, Founder and Technology Adviser of the Microsoft Corporation, is Co-Chair of the Bill & Melinda Gates Foundation.

Photo of Melinda Gates

Melinda Gates

Melinda Gates is Co-Chair of the Bill & Melinda Gates Foundation.

JAN 20, 2016, Project Syndicate

DAVOS – We live in extraordinary times. Each day seems to bring fresh headlines about an unfolding crisis – whether it is migration, economic volatility, security, or climate change. One factor common to all these complex and unprecedented challenges is poverty; so eliminating it will make overcoming them significantly easier.

There is good reason for optimism about progress on reducing inequity. Since the turn of the century, remarkable strides have been taken toward a world in which every person has the chance to lead a healthy, productive life. Maternal deaths have almost halved; child mortality and malaria deaths have halved; extreme poverty has more than halved. And last year, the world signed up to finish the job. Den Rest des Beitrags lesen »

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The World is Getting Better!

Posted by hkarner - 31. Dezember 2015

… but we are being betrayed by the media, which believe to need living of bad news! (hfk)

So: let’s be optimisitic! A Happy New Year!

Mohamed Nagdy and Max Roser (2015) – ‘Optimism & Pessimism’. Published online at OurWorldInData.org. Retrieved from: http://ourworldindata.org/data/culture-values-and-society/optimism-pessimism/ 

The world is improving in almost every measurable way; fewer people are dying of disease, conflict and famine; more of us are receiving a basic education; the world is becoming more democratic; we live longer and lead healthier lives. So why is that we, mostly in the developed world, are pessimistic about our collective future?

Things Are Getting Better

With all the negative news stories and sensationalism that exists in the media it may be hard to believe things are improving. These events can be contextualised as short-term fluctuations in an otherwise positive global trend. Quantifying this progress and identifying its causes will help researchers develop successful strategies to combat the world’s problems. Below is a selection of graphs showing just how much progress has been made over the centuries. More examples can be found on http://ourworldindata.org/data/.

Absolute number of people living in extreme poverty, 1820-2011 – Max Roser13

Roser Poverty2

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