Category Archives: Mobility

World Bank: Malaysia should focus on middle class’ growing aspirations


KUALA LUMPUR (Dec 5): Malaysia needs to focus on policies that could meet growing aspirations of the huge middle class group in the country, according to a senior World Bank economist during the launch of a report today which she co-authored.

“The policy agenda will need to be tailored to each country’s circumstances…For progressive prosperity countries like Malaysia, which have largely eliminated extreme poverty and fostered a large middle class, the priority is to satisfy the middle class’ growing aspirations, while mobilising resources to address remaining disparities,” said Dr Caterina Ruggeri Laderchi, who co-wrote the report entitled ‘ Riding the […]

Wealth Inequality a Threat to East Asia, Pacific, Says World Bank

A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region’s economic success, the World Bank said Monday.

"The whole basis for East Asia’s success was this sense that everything was fair — you worked hard, you got ahead — but that is beginning to unravel a little bit," said Sudhir Shetty, the bank’s chief economist for East Asia and the Pacific.

Booming economic growth has lifted millions in the region out of extreme poverty since the 1980s, but the wave of prosperity has not guaranteed upward mobility and economic security […]

Wealth Inequality a Threat to East Asia, Pacific, Says World Bank

W460

A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region’s economic success, the World Bank said Monday.

"The whole basis for East Asia’s success was this sense that everything was fair — you worked hard, you got ahead — but that is beginning to unravel a little bit," said Sudhir Shetty, the bank’s chief economist for East Asia and the Pacific.

Booming economic growth has lifted millions in the region out of extreme poverty since the 1980s, but the wave of prosperity has not guaranteed upward mobility and economic security […]

Wealth inequality a threat to East Asia, Pacific: World Bank


JAKARTA (AFP) – A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region’s economic success, the World Bank said Monday (Dec 4).

"The whole basis for East Asia’s success was this sense that everything was fair – you worked hard, you got ahead – but that is beginning to unravel a little bit," said Sudhir Shetty, the bank’s chief economist for East Asia and the Pacific.

Booming economic growth has lifted millions in the region out of extreme poverty since the 1980s, but the wave of prosperity has not guaranteed […]

Wealth inequality a threat to East Asia, Pacific: World Bank

A rapidly growing wealth gap is a threat to East Asian economies, the World Bank warns

A rapidly growing wealth gap is a threat to East Asian economies, the World Bank warns A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region’s economic success, the World Bank said Monday.

"The whole basis for East Asia´s success was this sense that everything was fair — you worked hard, you got ahead — but that is beginning to unravel a little bit," said Sudhir Shetty, the bank’s chief economist for East Asia and the Pacific.

Booming economic growth has lifted millions in the region out of extreme poverty […]

Are we really that woke?


The culture wars have been at the center stage of our political discourse for some time now, and it’s about time we contextualize them. While it is true that people voted for Trump due to cultural anxiety , they also did so out of a deep dissatisfaction with the so-called “ establishment ”.

Their political choices may be misplaced, but the anger of these voters is not unfounded—the system has failed them. The U.S. has the highest inequality of any developed country and a staggering lack of economic mobility . Despite what some may assert, our politicians are largely to […]

Violent Crime’s Toll on Economic Mobility


The sad fact is that American kids today may be the first generation who do not eclipse their parents’ economic status. In fact, Americans occupy two separate worlds when it comes to moving up the economic ladder. A small minority of us, anywhere from a fifth to a third who come from advantaged backgrounds, can expect economic mobility on par with any advanced nation. But, tragically, anywhere from two-thirds to 80 percent of Americans who are in less advantaged situations will see their economic prospects be as limited as those in the developing world. And it’s not just our […]

Dream Hoarders

If you’re looking for a passive-aggressive Christmas gift for your upper middle class friends, whatever their politics, you could do worse than Dream Hoarders: How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do About It . I have to admit that, despite the fact that my poverty-researcher friends have been recommending Richard Reeves to me for a long while, I read it sooner than I might have otherwise because of this Observer piece , drawn from the book, which discusses one of the arguments in my […]

Meetup, It’s the growing wealth inequality, duh

What each country leads in. http://thedoghousediaries.com/5414

What each country leads in. http://thedoghousediaries.com/5414 Though our deaths by lawn mower lead is probably safe, the United States is stagnating, lagging and falling behind in many areas. Any tenuous connection between the status of the US and racial or gender movements have been disproven by trends since the great recession. The most likely explanation for our plight is the 4 decade long giveaway to upper income brackets in the guise of supply-side or trickle-down economic policies pushed by Republicans.

All of the information herein is readily available and most of it has been widely reported. There will be a […]

The Lines That Divide America


Think of waiting in a long, slow-moving line, like the security lines at an airport. What’s your emotional reaction when you see someone cutting ahead of you, or shifting into a faster-moving line that you are not allowed to join? What if you are pulled aside for extra questioning, for no apparent reason?

Lines can bring fairness and order to what might otherwise be a free-for-all. There’s even a science, called queuing theory, that examines the optimal ways to make lines move equitably and efficiently. But they don’t always work that way; sometimes, they can operate to institutionalize unfairness and […]