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Disparities in World Economies

Did you know there is a 4th world?

“Define the 4th world”


Top 15 Reasons Why Education is Extremely Important

educationYou may be knowing your A’s and B’s and C’s, but are you educated or just literate? No rolling your eyeballs please, there is a difference. Literacy is knowing how to read and write. Education is to be able to reason, to use your ability to read and write to your benefit and to be able to gain your spectrum of knowledge by trying to surge deeper into the literate knowledge imparted to you. ReadMore

Economics Warns Out-of-Control Inequality Harms the Economy

imageOne big part of the reason we have so much inequality is that the top 1 percent want it that way. The most obvious example involves tax policy …. Monopolies and near monopolies have always been a source of economic power—from John D. Rockefeller at the beginning of the last century to Bill Gates at the end. ReadMore

Benefits Of ObamaCare: Advantage of ObamaCare

ObamacareWHAT’S SO WRONG WITH AFFORDABLE HEALTHCARE FOR THE LESS FORTUNATE IN RICH COUNTRIES?: Everyone benefits from ObamaCare, the 15% of Americans who do not currently have coverage will have access to quality affordable health insurance through their State’s health insurance marketplace or the expansion of Medicaid and the Children’s Health Insurance Program (CHIP) by 2014. In 2015 the employer mandate expands access to work based coverage too. ReadMore

What the U.S. could learn from the Polish education system

Twenty-five years ago, Americans like economistJeffrey Sachs were running around Poland helping to turn moribund socialism into a vibrant market economy. Now, with the U.S. trying to fix its lagging educational system, it might just learn a thing or two from Poland educationPoland, which in the past decade has moved sharply forward from the rear of the international pack and beats the U.S. on most performance measures. And it didn’t even spend a lot money to get there.


The Revolutions of 1989 in Poland, Romania and China: Economics Revival

Student Project by Weihang Wang

Autumn 2014 – History 3269
at The Ohio State University

In 1989, both the Eastern European states and China underwent a series of democratic movements and social revolutions. However, the Eastern Bloc witnessed the fall of the Communism while China was still under the control of the Chinese Communist Party. The different outcomes of the 1989 revolutions raise question: Why the Chinese Communist Party still stayed in power while the Communist states in the Eastern Europe started to fall apart? In order to answer this question, it is necessary to look back on each country’s history and find discrepancies. This Prezi explores the causes of the different outcomes of the 1989 revolutions from a social and historical perspective. ReadMore 

Overview of Healthcare in Eastern Europe

healthcareFRANCEEastern Europe, in recent years, has become a popular destination for British expats looking to retire offshore or to purchase a second home. Unfortunately, Eastern Europe’s healthcare system leaves much to be desired as making retirement in these Soviet states a questionable proposition. Developing countries like The Czech Republic or Bulgaria shows a big gap between these poorer territories and Western Europe: the average GDP per head in Eastern Europe is around $8,300 compared to $45,000 in the UK.



Quality Education in Developing Countries

Education is essential to economic deveimagelopment. Citizens who can read, calculate, and think critically have better economic opportunities, higher agricultural productivity, healthier children, and better reproductive health. Fundamental educational skills form the basis for all future learning, but today too many students across the developing world— particularly the poorest—are missing out. ReadMore 

Mid-year Export Assessment: A Moderate and Uneven Market Outlook 


Emerging from the soft patch caused by the brutal winter weather, the US will continue to lead the pack, underpinned by low unemployment, steady payroll gains, an improving housing market, better household balance sheets and stronger consumer confidence. As the US economy gathers steam, the Federal Reserve will be on course to normalise its monetary policy, but at a slow and tempered pace. The consequent stronger dollar, though, will somewhat undermine US exports and the earnings of multinational corporations. By and large, US consumers will generally remain conservative. Many recession-induced consumption habits, especially the penchant for competitively priced products and low-cost outlets, are expected to persist, although the better-off shoppers are already showing an increased inclination to spend. ReadMore   

Life Expectancy and Intelligence


A recent study by Rosalind Arden et al (2015)10 analyzes the causes for the link between intelligence and longer lifespan. They note that many previous studies have found this correlation but that distinguishing the direction of the causality in this relationship is difficult. Common causes posited include socioeconomic status affecting both intelligence and life expectancy, higher intelligence causing more healthy behavior choices, and shared genetic factors influencing both intelligence and health. By analyzing three data sets of twins from the US, Sweden and Denmark, they determined that genetic factors contributed the most to the correlation between lifespan and intelligence. ReadMore   






Education Emergency: Africa

imageProgress across Africa to get all children in school and learning has stalled. If nothing is done to reverse current trends, there will be millions more children out of school in Africa in 2025 than there are today. With the 2015 MDG deadline fast approaching, African leaders and donors must keep their promise and take urgent action to ensure all children are in school. For many, even a basic primary education remains a matter of life and death. Attacks on education – and on students – are on the rise. More than 12 million of the nearly 30 million out-of-school children in Africa live in conflict or emergency settings. Financing for education is declining fastest in these fragile settings – where it was already inadequate. Read More 

Behavioral Economics at Work in Poor Countries

Boston Review - Nudging Towards Proserity

Tuesday, March 1, 2011

According to a standard economic model, a fourteen-year-old girl in Kenya will go to school if doing so will enable her to earn more than she spent on her education. A family will buy dilute-chlorine solution, measure out capfuls to treat their water, and wait for the chlorine to disinfect their water if the health benefits exceed the cost of the chlorine. Since a school uniform that lasts a year or two costs only six dollars, and a month’s supply of chlorine runs about $0.30, these costs should be fairly minor factors. Influenced in part by these arguments, many governments in the developing world and nongovernmental organizations (NGOs) concerned with development have maintained small charges for education and preventative health care. Read More 

Meet the woman championing vaccines for every child, everywhere | GlobalCitizen.org

Almost exactly a year ago, Gavi, the Vaccine Alliance (Gavi) celebrated a huge victory, when international donors committed $7.5 billion USD to fund vaccinations for children in the world’s poorest countries. Global Citizen sat down with Gavi, the Vaccine Alliance’s Deputy CEO Anuradha Gupta to find out why she is so passionate about child health, and why vaccines are crucial to the fight against extreme poverty.

Why do you personally care so much about child health and vaccinations?
I’m a mother, I have children and I dedicated my life to public health. It is not acceptable to see children dying of diseases that can be prevented. As you know each year more than 1.5 million children under five die of vaccine preventable diseases. Vaccines can stop this and can even wipe out diseases from the surface of the earth. For instance, smallpox was eradicated last century and we are on the verge of eliminating polio. India, the country I come from, has been polio free for four years and I was proud to have played my part in getting rid of that terrible disease which was taking so many lives and crippling our children. The power of vaccines is truly amazing. Read More 

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