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Daily chart: The urbanisation trap | The Economist

Moving from farms to cities does not always translate to gains in income

AS A general rule, moving to work in cities is synonymous with economic growth, and the more people do the first, the more countries get of the second. The left-hand chart, drawn from the World Bank’s latest World Development Report, shows the processes at work in Asian countries in 1985 to 2010. But general rules are made to be broken. As the right-hand chart shows, in many African countries an increase in the size of the …

More via Daily chart: The urbanisation trap | The Economist.

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Filed under: Africa, Blogosphere, News, Political Economy, , ,

Free exchange: The geography of poverty | The Economist

WHERE do the world’s poor live? The obvious answer: in poor countries. But in a recent series of articles Andy Sumner of Britain’s Institute of Development Studies showed that the obvious answer is wrong. Four-fifths of those surviving on less than $2 a day, he found, live in middle-income countries with a gross national income per head of between $1,000 and $12,500, not poor ones. His finding reflects the fact that a long but inequitable period of economic growth has lifted many developing countries into middle-income status but left a minority of their populations mired in poverty. Since the countries involved include giants like China and India, even a minority amounts to a very …

MORE via Free exchange: The geography of poverty | The Economist.

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India’s telecoms scandal: Megahurts | The Economist

AS SCANDALS go, it is a corker. It involves secret recordings of lobbyists talking to tycoons about ministers, fraudulent documents, unrelated firms that share the same …

MORE via India’s telecoms scandal: Megahurts | The Economist.

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The world economy: Self-induced sluggishness | The Economist

POLITICIANS like to promise better times ahead. But these days many are peddling gloom. In her new year’s address, Angela Merkel, Germany’s chancellor, predicted that 2012 would be more difficult for the euro zone than 2011. Nicolas Sarkozy, France’s president, spoke of “the year of all risks”. Half a world away, Manmohan Singh, India’s prime minister, warned …

MORE via The world economy: Self-induced sluggishness | The Economist.

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World economy to trudge on in 2012 despite Europe: poll | Reuters

Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction.

MORE via World economy to trudge on in 2012 despite Europe: poll | Reuters.

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Obama and Wen Jiabao of China Talk at Asian Meeting – NYTimes.com

President Obama and China’s prime minister, Wen Jiabao, held an unscheduled meeting on Saturday at the end of an Asian forum, following a week when the United States made it clear that it …

MORE via Obama and Wen Jiabao of China Talk at Asian Meeting – NYTimes.com.

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Europe, China, U.S.: Whose Economy Has It Worst? – WSJ.com

It’s no wonder that global markets are so jittery. The world’s three largest economies can’t continue along their current paths, and everybody knows it. Investors watch nervously for signs that China is headed toward a hard landing, that America will sink back into recession, and that the euro zone will …

MORE via Europe, China, U.S.: Whose Economy Has It Worst? – WSJ.com.

Filed under: Banks, Blogosphere, consumers, Economic Recession, Election 2012, European Alliances, Job Sector, Mass Media and Public Opinion, National Debt, News, Oil and Gas, political corruption, Political Economy, political plots, propaganda and spin, Public Policy, WeSeeReason, , , ,

The oil business: Big Oil’s bigger brothers | The Economist

BUSINESS could scarcely be better for the supermajors, as the world’s biggest listed international oil companies are known. A barrel of Brent crude has changed hands for $100 or more for most of the year and cash is gushing in. On October 25th BP announced quarterly profits of $5.1 billion. Two days later Shell reported profits of $7 billion and Exxon Mobil of $10.3 billion. But the tide of the oil business is …

MORE via The oil business: Big Oil’s bigger brothers | The Economist.

Filed under: Blogosphere, consumers, Economic Recession, Election 2012, Environmental Policy, Mass Media and Public Opinion, Middle East Freedom, News, Oil and Gas, profit motive and carcinogens, WeSeeReason, , , ,

The world economy: Be afraid | The Economist

IN DARK days, people naturally seek glimmers of hope. So it was that financial markets, long battered by the ever-worsening euro crisis, rallied early this week amid speculation that Europe’s leaders had been bullied by the rest of the world into at last putting together a …

MORE via The world economy: Be afraid | The Economist.

Filed under: Blogosphere, Economic Recession, Election 2012, European Alliances, News, WeSeeReason,

A game of catch-up | The Economist

QUARRY BANK MILL is a handsome five-storey brick building set in the valley of the river Bollin at Styal, a small English village a few miles south of Manchester. It was built in 1784 by Samuel Greg, a merchant, who found profit in supplying cotton thread to Lancashire’s weavers. The raw cotton shipped from America’s slave plantations was processed on the latest machinery, Richard Arkwright’s water frame. Later Greg extended the factory and installed coal-fired steam engines to add to the water power from the Bollin. All this gave a huge boost to productivity. In 1700 a spinster with a pedal-driven spinning wheel might take 200 hours to produce a pound of yarn. By the 1820s it would take her around …

MORE via A game of catch-up | The Economist.

Filed under: Blogosphere, Demographic Change, Economic Recession, Election 2012, Environmental Policy, European Alliances, Latin American Alliances, Mass Media and Public Opinion, Middle East Freedom, National Debt, News, Oil and Gas, Public Policy, Social Media, WeSeeReason, , ,

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Donald Trump’s full inauguration speech transcript, annotated – The Washington Post

In seemingly endless times of “trash talk” that led to an improbable and unpopular political victory, the newly minted president clamors: “Now arrives the hour of action.” Fleeting relief comes to the nation as the transition […]

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