The economy of the Philippines stands out for its relatively robust 6.6-percent growth in 2012 amid lackluster economic growth in most places around the world. The crucial question, however, is how the country can sustain this performance to generate far more jobs and reverse the rise in poverty seen in the past decade. Domestic [...]
The rising incidence of climate-related natural disasters will be a key concern at the milestone United Nations Conference on Sustainable Development in Rio de Janeiro in June. The recent report from the Intergovernmental Panel on Climate Change links more intense rainfall and more extreme temperatures worldwide with carbon emissions and manmade climate change. This scientific evidence warns us that it is no longer enough for affected countries to mop up after a flood; all the world’s economies together must turn off the tap.
Many countries experienced unprecedented economic growth and a significant reduction of poverty over the past decades. With an average yearly growth rate of 10 percent, China was able to cut poverty by nearly three quarters since 1990. In Latin America and the Caribbean, poverty fell by a quarter between 1995 and 2005. Globally, a one [...]
