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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 […]