Economia
In 1991 India started dismantling the “license raj”—the need for government approval to start a business, expand capacity or even purchase foreign goods like computers and spare parts. Such policies strangled the Indian economy for decades and kept millions in poverty. When the government stopped suffocating business, the Indian economy began to flourish, with faster growth, higher wages and reduced poverty.
The economic progress of China and India, which are home to more than 35% of the world’s population, explains much of the global poverty decline. But many other countries, from Colombia to Vietnam, have enacted their own reforms.
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Economia
Redução da pobreza global
The Ultimate Global Antipoverty Program
Extreme poverty fell to 15% in 2011, from 36% in 1990. Credit goes to the spread of capitalism.
"... In 1978 China began allowing private agricultural plots, permitted private businesses, and ended the state monopoly on foreign trade. The result has been phenomenal economic growth, higher wages for workers—and a big decline in poverty. For the most part all the government had to do was get out of the way. State-owned enterprises are still a large part of China’s economy, but the much more dynamic and productive private sector has been the driving force for change.In 1991 India started dismantling the “license raj”—the need for government approval to start a business, expand capacity or even purchase foreign goods like computers and spare parts. Such policies strangled the Indian economy for decades and kept millions in poverty. When the government stopped suffocating business, the Indian economy began to flourish, with faster growth, higher wages and reduced poverty.
The economic progress of China and India, which are home to more than 35% of the world’s population, explains much of the global poverty decline. But many other countries, from Colombia to Vietnam, have enacted their own reforms.
Mais
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- Pobreza E Colonialismo
Africa: A Tragic Continent By Walter E. Williams October 28, 2014 Poverty is not a cause but a result of Africa’s problems. What African countries need the West cannot provide. They need personal liberty. That means a political system in which...
- Lições Da Grande Depressão
Causas da Grande Depressão Hoover and Roosevelt − The 1920s was a period of healthy economic growth until President Herbert Hoover instituted anti-market, anti-globalization, anti-immigration, and pro-cartelization policies, Edward Prescott...
- Mulheres E O Progresso Econômico Na América Latina
Women key to Latin America economic progress By Stephanie Leutert, CFR Editor's note: Stephanie Leutert is a research associate at the Council on Foreign Relations. This entry of Latin America's Moment originally appeared here. The views...
- Brasil Precisa Um Novo Pensamento Econômico, Diz The Economist (e Eu Também)
Brazil A moment of truth for Dilma The president needs to do more to tackle the “Brazil cost” Aug 18th 2012 WRITING about the Brazil of a century ago, Warren Dean, an economic historian, noted that the country’s foreign trade “appears...
- Bric Ou Ric?
Brazilian Economy Threatened By Bloated Government April 10, 2012 Alvaro Vargas Llosa Investors.com Just over a decade ago, in a paper entitled “The World Needs Better Economic BRICs,” Goldman Sachs Asset Management Chairman Terence James “Jim”...