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IN THE 1990S economists had almost given up on the developing world. Although individual countries, like Singapore or South Korea, occasionally scaled the income ladder, the overall picture was, in the words of Lant Pritchett, a development economist at Harvard University, “divergence, big-time” between advanced economies and the rest. Then the scene changed. From the […]
Emulating China’s development model is getting harder
Reuters/Kyle Grillot The death toll is rising as mudslides continue to ravage southern California. Twenty people have died as a result of the disaster in the wealthy enclave of Montecito, a community about 90 miles up the coast from Los Angeles. The Santa Barbara County Sheriff’s Office says finding anyone alive in the muck at […]
