Some 800 million people in the world were malnourished even before the food and economic crises hit.  Now a push to confront this longer-term problem is picking up steam. Leaders at recent global gatherings agreed to back a multibillion dollar initiative to boost agriculture and food security in low-income countries. Discussions on the overall design and level of funding are continuing. In September, the G20 asked the World Bank to...

If a country’s national income is rising, someone in the country must be getting richer. Unless income distribution is changing, all income classes must get richer at about the same pace. If a constant standard of living is defined to classify everyone below it as poor, then as incomes rise, the proportion of the poor so defined must shrink, eventually to zero. If income grows 5 per cent a year...

The draft agreement being discussed ahead of December’s crucial Copenhagen summit is long, confusing and contradictory.  It is a blueprint to save the world. And yet it is long, confusing and contradictory. Negotiators have released a draft version of a new global agreement on climate change, which is widely billed as the last chance to save the planet from the ravages of global warming. Running to some 200 pages, the...

The spectre of inflation has returned to haunt India. It is not even six months since the United Progressive Alliance (UPA) government returned to power but its inability to control food prices is arguably its single biggest failure till now. The inflation rate will eventually come down sometime in the (hopefully) not-too-distant future and the government will surely take credit for bringing prices down as and when that happens. But...

WASHINGTON, September 15, 2009–Developing countries can shift to lower-carbon paths while promoting development and reducing poverty, but this depends on financial and technical assistance from high-income countries, says a new World Bank report released today. High-income countries also need to act quickly to reduce their carbon footprints and boost development of alternative energy sources to help tackle the problem of climate change. World Development Report 2010: Development and Climate Change,...