Wednesday, 31 December 2014
Karachi is Open to Survey
Thursday, 11 December 2014
Ameliorate or leverage?
by Haris Gazdar
Photo Credit: Fatima Zaidi |
‘Poverty, Inequality and Economic Growth’ was the
title of this year’s annual general
meeting of the Pakistan Society of Development Economist (PSDE) – the
largest professional association of economists in the country – held in the
national capital in early December. Inequality,
as distinct from poverty, has occupied many minds of late. The financial and
economic crises of 2008 and 2009 swung opinion against fat cat bosses who were
seen to have been further enriched as the middle classes were
impoverished. The work of Thomas
Picketty, the French economist whose analysis of wealth and income distribution
trends, added academic gravitas to popular discontent with the plutocrats,
was frequently mentioned at the PSDE meeting.
Not to be left behind, the World Bank came
up with its own South Asia report on inequality, which actually showed that
at least in terms of consumption expenditure the region was among the least
unequal.
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