10 must-read economics stories of the week, 12/01/2018

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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. Analysis: The Chinese are now buying as much stuff as Americans. Is this is a game-changer for the world economy? (Washington Post)

U.S. and Chinese retail sales are now equal - In 2018, domestic retail sales in China are expected to hit $5.8 trillion, the same as in the United States.

2. On the other hand, the photo of a Chinese boy who showed up to school with ice in his hair and hands swollen from cold went viral, and is heating up debate on the impact of poverty on children in rural regions in the country. (AFP)

3. Sustainable financing for economic development: your sneak peak at Brookings’ Foresight Africa 2018 Report, which looks at ways Africa can spur inclusive growth. (Brookings Institute)

4. India may be the world’s fastest growing economy – but regional disparity is a serious challenge. (Forbes)

5. CNN launches new digital series “#AsEquals” – looking at the challenges women face in the world’s least developed countries. (CNN.com)

6. Opinion: Economics Starts Reckoning With Its Gender Bias Problem. Acknowledging the issue was a first step - changing the culture will be harder. (Bloomberg View)

7. A village in Kenya is quietly disproving stereotypes about those receiving basic income. The 12-year experiment where villagers got paid to simply be alive, showed they typically spend free cash on necessities – not booze, drugs or gambling. (The Independent)

8. Dubai: The United Arab Emirates releases “State of Green Economy Report 2018.” Gulf nation aims to become a global hub for green economy. (Gulf News)

9. UK project helping disadvantaged youth gets a try out in South Africa: student ambition exported to South Africa's townships. (BBC News)

10. The globalization of tea: why there are only two words worldwide, for that delicious drink. (Quartz)

Catégories: Jennifer Blanke