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India, China and our growth forecasts

Last month, the World Bank and IMF both put out predictions that, this year, India would overtake China in terms of GDP growth rate. This caused a flutter and was widely reported around the world. How...

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Remembering John Nash

Last weekend, as my wife and I drove back to Washington after visiting James Madison’s home and the birthplace of the American constitution in Virginia, our daughter called to give us the news. John...

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Measuring poverty in a rapidly changing world

Also available in:Español | Français | العربية | 中文 | 日本語The World Bank Group has set itself the target of bringing down the number of people living in extreme poverty to less than 3 percent of the...

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Development in the digital age

I have spoken only once before at the UN. I was then just a professor and was invited to speak on my research on labor market regulation. I was told it would be a distinguished audience. However, as I...

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Optimism about Africa’s demographic dividend

Based on new data and research, there is reason for optimism about Africa’s demography and development. Population growth rates may continue to be high for some more time, but some underlying signals...

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The poverty line’s battle lines

For a long time, as a college professor and then as the chief economic adviser to the Indian government, I was a happy user of the World Bank’s data on global poverty, tracking trends and analyzing...

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Education is the topic for the new World Development Report

Education is central to improving human welfare and to achieving the goals of eliminating extreme poverty and boosting shared prosperity.  Schooling was recognized as vital to achieving the MDGs, and...

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Negative interest rates as a fishhook

The State of the Global Economy [Based on the opening remarks made at the Chief Economists’ Roundtable on “Growth and Inclusion in Turbulent Times”]  It is time for the annual Spring Meetings. Many of...

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A welcome address on IDAHOT 2016

I am honored to address the World Bank event celebrating IDAHOT 2016; and to join the activists, scholars and Bank staff, who have gathered here to celebrate inclusion. The LGBTI community ought to be...

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Farewell

It has been four wonderful years. Hard work, engagement with the big wide world, and lots of love and warmth in the workplace. The only alarming fact is that the love and warmth seems to have increased...

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