Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.
Category: Income Inequality
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India Election: What 10 Years of Modi Has Meant for the Economy
Narendra Modi has kept India on its swift upward path among the world’s largest economies. Many Indians are better off, though wealth gaps have widened.
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5 Things to Know About India’s Economy Under Modi
As Prime Minister Narendra Modi seeks a third term, India’s growth has received the attention of the world’s investors but inequality has deepened.
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Against All Odds, New York’s Artist Buildings Have Survived
Generations of creatives once flocked to the city seeking affordable rent. Now, despite skyrocketing real estate prices, some continue to carve out studio spaces of their own.
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As Utility Bills Rise, Low-Income Americans Struggle for Access to Clean Energy
The Biden administration has deployed various programs to try to increase access to clean energy. But systems that could help lower bills are still out of reach for many low-income households.
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Philippine Poverty and Farm-Based Economy Have Roots in Colonial Era
Decades after independence, the Philippines lacks the kind of factory economy that has lifted up other Asian nations, tying millions to farm work.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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New Sickle Cell Therapies Will Be Out of Reach Where They Are Needed Most
There is no clear path for African patients to get access to the treatments, which have multimillion-dollar price tags and are highly complex to manufacture and deliver.
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More States Now Require Financial Literacy Classes in High Schools
The surge in offerings is a response to the pandemic, which revealed glaring income inequality, as well as inflation and the resumption of student loan payments, an expert said.
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Apple Is Doing Its Part to End Green Bubble Shaming. It’s Our Turn.
While texting technology will soon get better, the “blue versus green bubble” disparity is far from over.
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The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently
Americans are angry and anxious, and not just about prices, which may be driving economic sentiment more than their financial situations, economists said.