ECOLOGY: Shared Prosperity

Promoting Shared Prosperity in South Asia

The global geography of poverty has changed over the last two decades. More than 70 percent of the world’s poor at US$1.25 a day now live not in low-income countries, but in middle-income countries (Kanbur and Sumner 2011). This raises a number of big questions. Is economic growth not sufficient to pull everybody out of poverty? Can middle-income countries or parts thereof suffer from poverty t...

Eight Transformation Factors for Driving the New Silk Road Towards Sustainability and Shared Prosperity

The name, Silk Road (German: Seidenstraße), was first coined in 1877 by the German geographer Ferdinand von Richthofen as a term given to the network of trade routes linking China to Central and West Asia, India and the Mediterranean region. More recently, Peter Frankopan, the director of the Oxford Centre for Byzantine Research, extensively writes about the ancient Silk Road departing from Eur...

The 4th Globelics International Conference: Innovation Systems for Competitiveness and Shared Prosperity in Developing Countri

Neglected tropical diseases: A proxy for equitable development and shared prosperity

Neglected tropical diseases (NTDs) prevail among poor people in developing countries who that largely remain out of reach of national health care delivery systems. Since 2005, the WHO has moved away from a disease-centred to an integrated, intervention-based approach to counter these diseases, providing marginalised communities with better access to health care [1]. In 2007, a meeting of the WH...

Patience and prosperity

This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth. Savings rates and incom...