Daron Acemoglu wrote a marvelous article discussing the supportive role of incentives and institutions in global poverty reduction and economic development (link):
“If we know why nations are poor, the resulting question is what can we do to help them. Our ability to impose institutions from the outside is limited, as the recent U. S. experiences [...]

As one more bit of proof that the education system of the United States is a dysfunctional piece of liberal crap, how else to explain the fact the far-leftist moron Michael Moore actually got funding, which assumes an interested audience, for his latest movie, titled Capitalism: A Love Story, which, according to Reuters, “launches an [...]

Emmanuel Saez’s work on income inequality has been getting a lot of attention recently, for good reason. He has shown the extent to which inequality has grown rapidly in recent years. The benefit of economic growth this decade has gone almost exclusively to the extremely rich. The top 1% of the population now earn [...]

Poverty and affluence may be relative concepts, but they are absolute experiences. A striking and dangerous feature of the recent global economic downturn is the ways in which it has blurred, if not reversed, the relativity and absoluteness of these two historically imminent psychosocial and economic conditions on individual, corporate and international levels. The [...]

Around the world, millions of children are engaged in child labor. The International Labour Organization (ILO) has estimated that up to 1 in 5 children globally are working, with the proportion even higher in some regions of Africa and Asia. Recent estimates of the overall numbers involved range from 158 to 246 million, although the [...]

Globalization of the world economy has increased the flow of goods and services between countries, but it also has a darker side: the growing trade in people. Human trafficking has become one of the most lucrative aspects of international organized crime, estimated by the United Nations to have a total market value of $32 billion. [...]