Tag: Poverty reduction

The Great Escape

In The Great Escape: Health, Wealth, and the Origins of Inequality, Nobel Laureate Angus Deaton provides a sweeping historical analysis of humanity’s remarkable progress in overcoming poverty and deprivation. Prof. Deaton frames this journey as a massive, ongoing escape from the historical traps of high infant mortality, frequent famines, and pervasive destitution. Driven primarily by the wealth generated during the Industrial Revolution and subsequent breakthroughs in public health, global life expectancy has soared and extreme poverty has plummeted over the past two centuries. This trajectory represents an unprecedented triumph of human ingenuity, demonstrating how economic growth and scientific innovation can fundamentally transform global living standards.

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Islamic Financial Inclusion and Economic Growth in OIC Countries: Panel Quantile Regression Analysis

The authors argue that by expanding the network of Islamic banks and enhancing the technological infrastructure for financial access, policymakers can harness the transformative potential of Islamic finance to promote sustainable economic growth and development in the OIC countries. The authors urge policymakers to prioritize initiatives aimed at expanding the network of Islamic banks and enhancing technological infrastructure for financial access.

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Highlights of Financing for Sustainable Development Report 2024

Financing is crucial for achieving the Sustainable Development Goals (SDGs) because it enables countries to invest in the infrastructure, programs, and services necessary to achieve the goals. Without sufficient financing, countries may struggle to make progress towards the SDGs. The United Nations estimates that achieving the SDGs will require an additional $2.5 trillion in annual investment until 2030. Due to misaligned incentives, both public and private actors still invest in brown activities and have not yet fully aligned their decision-making and financing with the SDGs.

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