Today we take a look the UN’s call for an investigation into Ethiopia’s Tigray region, a campaign to boycott Amazon, the ongoing Covid-19 vaccine development efforts in Cuba, and the declaration of an end of absolute poverty in China
Over the last eight years, China has lifted a total of 98.99 million poor out of poverty.
Through state-led initiatives it has lifted more than 770 million people out of poverty since 1979, which accounts for more than 70% of total global poverty reduction
Advanced countries have been more open-handed in fiscal support for their economies, in particular for workers, while Third World countries have been extremely niggardly, not necessarily out of choice (except in the case of India)
While US continues to suffer the devastating impacts of poor management of the COVID-19 pandemic, China’s people-centered approach serves as a model to follow
This is not the time for fiscal conservatism. To get out of economic crisis, governments must undertake fiscal boosts which increase purchasing power of the poor
Why has there been a tendency toward persistent ‘excess supply’ in the foodgrain market when growth rate of foodgrain output has barely exceeded the population growth rate?