10 must-read economics stories of the week, 11/01/2019
Welcome to your weekly update – a curated list of some of this week’s most interesting stories on economic growth, human and social development.
1 - The Big Mac index shows currencies are very cheap against the dollar. Index is based on the theory of purchasing-power parity, which states that currencies should adjust until the price of an identical basket of goods – or, a Big Mac - costs the same everywhere. (The Economist)
2 - Charting how “the world has become a better place” in the last decade. Why one writer argues globalization has lifted hundreds of millions of people above the global poverty line. (The Conversation)
3 - In its annual ranking of the world’s largest economies, Standard Chartered predicts China will overtake America as the world’s largest economy in 10 years. The predictions see a Top Ten global shift away from Western economies. (Newsweek)
4 - China predicts that their population will peak at 1.442 billion people in 2029. The country has warned of potential "unfavorable social and economic consequences" of what Beijing sees will be a shrinking population. (Business Insider)
5 - Does higher education still prepare people for jobs? Reports suggest the value added from a college degree decreases as the number of graduates increases. (Harvard Business Review)
6 - Why Prioritizing Gender Balance Is Good Business. A perspective for the United Arab Emirates. (Forbes)
7 - The government of Bangladesh signed a US$250 million development policy operation. Funds to support the country’s reform efforts to create large-scale, better-paid and inclusive jobs. (Modern Diplomacy)
8 - China-US rivalry is heading to East Africa. The US will step up efforts to counter China’s growing influence in Africa this year, according to a recent report. (The Independent)
9 - Rwanda innovation: drones deployed to fight malaria. Drone fitted to carry insecticide, follow pre-mapped routes and spray fields that host mosquito larvae. (New Times)
10 - In South Sudan, girls forced into war face gender double standards in peace.
Programs intended to ease their transition back into society are traditionally designed for boys and controlled by men. (IRIN News)