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Inequality Comes to Asia

November 20, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Pink Diamond Auction

As income inequality becomes increasingly entrenched, it can undermine social cohesion and spur political instability. To avoid such an outcome, Asian countries need to change the rules of the game, providing opportunities for youth, regardless of their background, to ascend the income ladder.

SEOUL – From China to India, Asian countries’ rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades. Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West. From 1990 to 2012, the net Gini coefficient – […]

Inequality comes to Asia

November 20, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

/-/media/economia/images/article-images/asiaglobe630.ashx

Caption: Income distribution has lately worsened Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West.

From 1990 to 2012, the net Gini coefficient – a common measure of (post-tax and post-transfer) income inequality – increased dramatically in China, from 0.37 to 0.51 (zero signifies perfect equality and one represents perfect inequality). It rose in India as well, from 0.43 to 0.48. Even the four “Asian Tigers” – Hong Kong, Singapore, South Korea, and Taiwan – which had previously grown “with equity,” have lately faced rising […]

The secret to how Tesla gets its cars to look so good

November 19, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Tesla Model 3

The Tesla Model 3. Timothy Artman/Tesla Designer Franz von Holzhausen had an impressive resume before joining Tesla.

But the combination of his frustration with the traditional auto industry and Elon Musk’s distinctive ideas about how to solve problems has taken his work to a new level.

He’s followed an unlikely path to becoming the most influential car designer of his generation. Before Franz von Holzhausen signed on with what was then called Tesla Motors in 2010, he was on his way to being a member of the automotive design world’s elite.He had graduated from Art Center […]

Hilary Beckles | Imagining post-IMF Caribbean economy

November 19, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Professor Sir Hilary Beckles Circumstances are rapidly maturing that are demanding our conception of the need for both a new-style IMF and a 21st-century post-IMF Caribbean economy.

The elements of the regional dialogue are coming together. They might constitute at this time a blurred image of an alternative Caribbean economy, but they are calling attention to the growing regional interest in a serious focus upon economic sustainability and resilience, and nation building – phase two.

The growth in social and economic inequality across the region in recent decades under IMF tutelage has been identified as a major concern. The recent UNDP […]

‘New development design needed to create enough productive jobs’

November 19, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Former Prime Minister Manmohan Singh and Prof K V Thomas MP sharing a light moment during the inauguration of the national seminar at St Teresa’s College, Kochi, on Saturday | Albin Mathew KOCHI: The country needs a fresh design of development, which will create enough new productive jobs to absorb all the new entrants to the labour market, estimated at 10-12 million per annum, former Prime Minister Manmohan Singh has said.He was speaking on ‘Macroeconomic developments in India: Policy perspectives’, organised by the Department of Economics at St. Teresa’s College here on Saturday.
Singh also called for a fresh […]

Opinion: Thriving communities embrace economic mobility

November 18, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

The grim statistics tell the story. Economic mobility, the ability to move from a low income to a middle or higher income, is stagnant or falling in Atlanta and many American cities, according to the National Bureau of Economic Research’s 2015 Equality for Opportunity Project Study. The best predictor of whether a person will be poor, middle class or wealthy is whether that person’s parents were poor, middle class or wealthy.

In Atlanta, according to the NBER, a person who grows up in a family whose income is below the poverty line has less than a five percent chance of […]

Achieving Skill Mobility in the ASEAN Economic Community: Challenges, Opportunities, and Policy Implications

November 18, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Despite clear aspirations by the Association of Southeast Asian Nations (ASEAN) to create an effective framework to facilitate movements among skilled professionals within the ASEAN Economic Community (AEC) by December 2015, progress on the ground has been slow and uneven.

The challenge ASEAN Member States face is threefold. First, the complexity of the qualifications recognition process essentially discourages professionals who move within the region from having their professional and academic credentials assessed and recognized. Second, professionals face restricted access to the ASEAN labor market due to national-level barriers such as constitutional provisions reserving particular occupations for nationals, and complex and […]

Prominent Caribbean academic wants a post IMF Caribbean economy

November 18, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

sir-hilary-beckles-092317

Sir Hilary Beckles (FILE) MORE ARTICLES

KINGSTON – The Pro Chancellor of the University of the West Indies (UWI), Sir Hilary Beckles says there is need for both a new style International Monetary Fund (IMF) and a 21st century post-IMF Caribbean economy.

Writing in the Friday edition of the Jamaica Observer, one day after the Washington-based financial institution hosted the sixth IMF High level Caribbean forum here, Sir Hilary said that the elements of the regional dialogue are coming together and might constitute at this time a blurred image of an alternate Caribbean economy.But he wrote that they are calling […]

The Real Source of China’s Soft Power

November 17, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

The Real Source of China

Chinese soft power is not measured by blockbuster films, but by the appeal of its development model.

I can imagine that American studio executives and foreign policy wonks breathed a sigh of relief when the 2016 film The Great Wall (directed by Zhang Yimou) “bombed” at the global box office. Representing a co-production between China and the United States through the Wanda Group’s recent acquisition of Legendary Entertainment, The Great Wall was meant to bring together American film making and marketing skills with Chinese capital in order to showcase China to the world. Starring Hollywood stars Matt Damon and Willem […]

CRE Opinion: Big Changes for Mobility, Economic Development, and Partnerships in Dallas

November 17, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Joseph Haubert A recap of new City Hall leadership’s meeting with the Downtown Dallas Inc. Board.

In what Downtown Dallas Inc. (DDI) does every day, building the center of our city, public-private partnerships are imperative. DDI was founded nearly 60 years ago on this principle, bringing together the voice of the private sector interested in the social, economic, cultural, and environmental health of downtown to work with public sector to advance both large scale projects, as well as everyday stewardship of the urban experience. Whether luring Amazon’s HQ2, growing AT&T’s global headquarters, or creating new programs to activate vacancy and […]