-The World Bank It is generally thought that two groups are the big winners of the past two decades of globalization: the very rich, and the middle classes of emerging market economies. The statistical evidence for this has been cobbled together from a number of disparate sources. The evidence includes high GDP growth in emerging market economies, strong income gains recorded for those at the top of the income pyramid in the...

-The Financial Express Mexico City: The world's happiest people aren't in Qatar, the richest country by most measures. They aren't in Japan, the nation with the highest life expectancy. Canada, with its chart-topping percentage of college graduates, doesn't make the top 10. A poll released yesterday of nearly 150,000 people around the world says seven of the world's 10 countries with the most upbeat attitudes are in Latin America. Many of the seven do...

-The Indian Express Under fire for her suggestion that a family of five could purchase a month’s ration of rice, wheat and pulses for Rs 600, Chief Minister Sheila Dikshit on Sunday claimed that her statement had been taken out of context. With the BJP cashing in on the criticism against Dikshit’s statement, the Chief Minister held her ground claiming that the critics had “failed to understand” the Delhi government scheme she...

Should they be targeted? Should they go to individuals or households? Are conditionalities necessary? Without a full consideration of these issues, cash transfers will remain an expensive gamble Having worked on cash transfers for over 25 years, and being an economist, I find recent criticisms of the idea shrill and ill-informed. Only a right-wing ideologue would call them a panacea or a cure-all. They would merely be a vast improvement on...

-Down to Earth The treated water recharges aquifers It is a common sight that greets those visiting the villages in the semi-arid Mewat district of Haryana—streams of waste water emerging from doorsteps of homes, running through streets, and forming puddles here and there. Village Rawli is one such village. It has no sanitation facilities or sewers. Children play in these puddles while their parents watch them without any sign of concern. They...