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Persistence of caste system in India makes socio-economic mobility of lower-castes much slower

August 16, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

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By V Santhakumar*

The breaking down of caste system occurs only when people marry or have sexual relationships and have children with, those who are outside their caste. Otherwise people would continue to carry the caste attribute whether they reject it explicitly or not.

Hence the caste continues to be a factor differentiating individuals in India due to the persistence of intra-caste marriages. Based on the latest data available, around 90 percent of marriages in India happen within the caste even during 21st century.Hence the question of how to break the caste system in India needs to be changed to […]

Income inequality in the USA

August 15, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Introduction

President Obama address in December 2013 hosted by the Center of American Progress spoke about the high disparities of income in the US, stating that his authorities precedences is to take downing the income inequality and promotes chances, particularly to the poorest ( The White House 2013 ) . Income inequality in the United States ( US ) is the 4th highest among the Organization for Economic Co-operation and Development ( OECD ) member states measured by the Gini coefficient, a measuring of inequality which intended to demo the income distribution of a nations’s occupant ( OECD 2014 […]

Boosting Economic Mobility in Asia: SMEs as Drivers of Inclusive Growth

August 15, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Photo/Conor Ashleigh

Weekly Insights and Analysis

Over the last four decades, Asia has experienced unprecedented economic growth that has shifted the global economic center of gravity to the region. Asia enters 2015 as the world’s fastest-growing region, with the International Monetary Fund predicting that GDP will increase by 5.5 percent this year. But although Asia has become wealthier faster than any other region of the world, striking disparities in growth between and within countries are creating new social tensions and economic vulnerabilities. Indeed, Asia embodies a number of very twenty-first-century paradoxes with extremes of poverty and prosperity mixing strikingly. Among the […]

The impact of caste on economic mobility in India

August 15, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Caste networks play an unusually important role in shaping economic mobility in the Indian economy. Photo: Bloomberg

Caste networks play an unusually important role in shaping economic mobility in the Indian economy. Photo: Bloomberg The caste system is arguably the most distinctive feature of Indian society. The Indian population is divided into four hierarchical classes, or varnas , with a large sub-population of untouchables excluded entirely from the system. Within each of these classes, and among the untouchables, are thousands of castes, or jatis . The central rule in Hindu society is that individuals must marry within their own caste. Recent genetic evidence indicates that this rule has been followed for over 2,000 years. Spatial segregation […]

‘The help never lasts’: why has Mexico’s education revolution failed?

August 15, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


It’s almost four in the afternoon, and a quarter of the fifth-grade pupils at Ángel Albino Corzo primary school in Buena Vista haven’t eaten all day. The children are fidgety and distracted as their teacher explains decimals on the white board.

They are counting down the minutes until break time, when they will be given a small portion of beans with tortillas – for some, the only meal they will eat today (Mexico’s schooling is split into two distinct shifts; these children study from 1.30-6pm).

“How can they learn if they’ve not eaten and we haven’t got the right tools?” their […]

Text of AP’s interview with NY Fed President William Dudley

August 14, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

FILE - In this May 20, 2014, file photo, New York Federal Reserve President William Dudley is interviewed by Peter Barnes on the Fox Business Network, in New York. In an interview with The Associated Press, Dudley indicated that the Fed will likely make an announcement at its September 2017 meeting that it is ready to start reducing its massive bond portfolio, a move expected to put upward pressure on long-term interest rates including home mortgages. Photo: Richard Drew, AP / Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistribu

NEW YORK (AP) — Below is the text of an interview The Associated Press conducted Monday with William Dudley, president of the Federal Reserve Bank of New York:

Q: I guess if we could just start with kind of your outlook for the economy, in particular the idea that at the beginning of the year, some economists were boosting their forecast, just because they felt that President Trump was going to — his economic program would give a boost to 2017 and 2018. Could you tell us, are you lowering it now, that his program is — your own […]

Morgan Stanley bumps up its Tesla price target — and moves its best-case scenario higher

August 14, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

model 3 event

Tesla’s Model 3 handover event. Screenshot/Tesla

Morgan Stanley’s Adam Jonas raised his price target for Tesla shares, to $317 from $305.

The carmaker’s shares are already well above that, at $366 and up 70% year-to-date. Jonas, though, also has a "bull case" price target which he raised to $526 from $511.The bull case is Jonas’ term for Tesla out-executing by a wide margin and effectively becoming a dominant provider of cars, energy storage, and transportation services.Shares were up another 2% on Monday."Both moves are fully explained by an increase in our valuation of the core auto business and we make no […]

It’s time to stop coddling the Confederacy

August 14, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

confederate flag nazi sign

Enough said? Joe Raedle/Getty Images It’s easy to see a simple connection between the people waving Nazi flags and Confederate flags in Charlottesville, Virginia to protest the removal of a statue of Confederate General Robert E. Lee on Saturday.

You can say it’s racism and leave it at that.

But the truth of that matter is that racism is just one of the parallels Nazis Germany and the Confederate South share, and it may not even be the most important one. While most Americans are quick to accept that Hitler’s Nazis were a government hell bent on spreading fascism […]

Universal Basic Income – The Future of Work in Aotearoa?

August 13, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Article: Joseph Cederwall A Universal Basic Income (UBI) is an unconditional minimum income provided to every member of society regardless of age, working status or level of income. The UBI seeks to maintain a functional market economy in the face of increasing technological disruption, unemployment, wealth inequality, and a hollowing out of the middle class. It would provide every citizen with enough income to cover the costs of their basic needs. Bettering one’s situation beyond this foundational amount is then the responsibility of each individual as usual. Most UBI proposals involve suggestions of significant reform of the welfare such […]

Australia in the Pacific

August 12, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Thank you Margaret and good morning distinguished guests. Ladies and gentlemen, I’m so pleased to see a number of my colleagues from the Pacific Islands Forum. We had a very long and productive day yesterday and I thank Minister Kubuabola for hosting us here in Fiji.

I commend Dame Meg for the focused agenda that we had yesterday and her Secretariat’s wonderful work and the Deputy Prime Minister of Samoa, thank you for the superb chairing of that meeting. For those Ministers who were still singing at 1am – I love the way our High Commissioner pretends that she wasn’t […]