-Live Mint Reducing poverty through growth matters more than reducing inequality Income inequality is back on the radar of politicians and policymakers, if it had disappeared in the first place. The World Economic Forum's Global Risks 2014 report highlighted severe income inequality as one of the top 10 global risks. In a speech in London on Monday, Christine Lagarde, managing director of the International Monetary Fund (IMF), paid special attention to...

-AFP ILO says by 2018, about 215 million people worldwide are expected to be unemployed Geneva: Global unemployment climbed by five million people in 2013 to 202 million despite green shoots in the world economy, signalling a jobless recovery, the International Labour Organisation (ILO) said on Monday. Business activity is picking up but the misery of unemployment continues to pile up. "We continue to be on an upward trajectory in terms of unemployment in...

-Economic and Political Weekly The government has notified a Draft Land Reforms Policy which, on paper, has all the requisites of an earnest programme. Yet, the near total failure of earlier efforts at land reforms in India leave little room for hope that something substantial will at last be done to combat landlessness. Harsh Mander (manderharsh@gmail.com) is with the Centre for Equity Studies, New Delhi, and works with survivors of mass violence,...

-The Indian Express To reduce poverty, India needs to concentrate on promoting healthcare and education of the poor It is sometimes argued that a country such as India, aiming to eliminate absolute poverty, should only be concerned about economic growth, and not worry about inequality. Is that right? Yes, growth is (typically) good for the poor but it is no less true that inequality is (typically) bad for the poor. There is little...

-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...