WIDER Angle Newsletter

Total Page:16

File Type:pdf, Size:1020Kb

WIDER Angle Newsletter World Institute for Development Economics Research No. 2/2006 WIDER Conference 2006 WIDER Annual Lecture Advancing Health Equity Global Patterns of Income and Health by Angus Deaton Inequalities in income and inequalities in health lobal inequality takes many dimensions. Not only is there great inequality across Gthe peoples of the world in material standards of living, but there are also dramatic ehtikuva / Reuters /Supri 2002 IMAP 2002 /Supri / Reuters ehtikuva inequalities in health. The inhabitants of poor L countries not only have lower real incomes, but they are also more often sick, and they live shorter lives. These international correlations between income and health should affect the way that we think about the level and distribution of global WIDER recently launched its research on health with an wellbeing. They also need to be understood if international conference entitled Advancing Health Equity, we are to be effective in reducing global poverty, held on 29–30 September 2006. Health is increasingly in incomes, or in health. Wellbeing should never recognized as an important indicator of a country’s be thought of only in terms of income, or only in standard of living as well as a measure of the wellbeing terms of health. Health scientists and economists of its citizens. Substantial and widespread improvement in need to come together if we are to fully understand health outcomes has taken place during the past century, yet global poverty and inequality and if we are to this progress has been highly uneven both within and across design policies that will be effective in making countries. This has resulted in health outcomes in many the world a better place, particularly for its most countries falling far short of commonly accepted levels. deprived inhabitants. For instance, in sub-Saharan Africa significant numbers of children now face more risk of dying than those ten years Income, life expectancy, and ago. Though these are important issues very little has been global wellbeing done to understand the root causes of the widening gap in health outcomes and even less has been done to address In a justly celebrated paper, Samuel Preston them through appropriate policies. drew a graph of life expectancy against national income, showing that, in the poorest countries, The conference, attended by over 100 experts, focused on small changes in average income were associated issues of health inequality and deprivation, specifically with large improvements in life-expectancy, in the context of developing countries. Papers presented while among the rich countries, the protective at the conference examined the causes and consequences effects of income, although still present, were less of this inequality, analyzed the patterns and trends in the pronounced. Figure 1 shows the relationship for outcomes, and evaluated policies with a particular focus the year 2000. Life expectancy is on the vertical on public health programmes. axis, and per capita national income in purchasing power parity dollars is on the horizontal axis; Papers presented at the conference and other details: the diameter of each circle is proportional to the www.wider.unu.edu population of each country. The point at which the slope flattens out, at an income per capita United Nations University of around $5,000 in 2000, is the ‘epidemiological transition’, where deaths from the ‘diseases of the bowels and lungs of children’ are replaced by deaths from ‘diseases of the arteries of the elderly’. Preston also showed that income is not the only factor at work. Even countries with stagnant incomes typically have increases in life expectancy, which he attributed to the adoption of new methods of public health, or more precisely in most cases, to the new adoption of old methods of public health. If we were to make an adjustment to income to take into account life chances, scaling down for those with poor health, and scaling up for those with good health, the and, after the Second World War, countries are mostly the lives of world distribution of this compound were rapidly brought to the rest of babies, and these reductions in of income and health would be the world. As a result of this diffusion infant mortality have a dramatic much more unequal than the world of health knowledge, cross national effect on increasing life expectancy. distribution of either health or inequality in life expectancies fell Indeed, in the years immediately income taken separately. The case quite sharply in the years after 1950. after the Second World War, in the for humanitarian action to improve If, for example, we take a simple heyday of malaria eradication and the lot of the world poorest is compound measure of income and child vaccination, some countries stronger once we recognize that the health by multiplying income by increased their life expectancies poor are doubly deprived, not only life-expectancy, then inequality by several years each year. By in material living standards, but also over countries declined for most of contrast, the current increase in in lower chances of living a long and the post-war period, driven not by life expectancy in rich countries healthy life. any reduction in income inequality is largely driven by reductions in between countries, but by the the mortality rates of the middle- The joint distribution of global convergence of life-expectancy. aged and elderly, partly through health and income has undergone reductions in smoking, partly remarkable changes over time. Things fell apart after 1990. HIV/ through improvements in medical Before the industrial revolution, AIDS in sub-Saharan Africa undid prevention and treatment, particularly there was relatively little inequality almost all of the increases in life- for cardiovascular disease, and between countries in either health or expectancy of the previous 40 years partly from improvements in the income, although there was a great and there was a significant, although health and nutritional standards deal of inequality within countries. smaller, reduction in life expectancy of children 50 years ago. It is far As the material living standards of in the countries of the former Soviet from clear how we should compare the countries of northwest Europe, Union. Huge gaps in life expectancy the value of mortality reductions particularly Britain, began to pull opened up again between many at different ages. Focusing on the away from the rest of the world, so African countries and the rich, effects on life expectancy is one did their life expectancy rates. This healthy countries of the world, way of comparing the two, but this growth in cross-country inequality of and health (and total) inequality essentially arbitrary ‘solution’ gives incomes that began in the eighteenth increased once again. If, as we much higher weight to reductions century shows no sign of reversal might hope, the AIDS pandemic is in infant and child mortality, and to this day, but the same is not a historical anomaly, international requires a better justification than true of health. The sanitary and health convergence will resume. habit and the convenient availability preventive measures associated with of information on life expectancy. an understanding of the germ theory The cross-country convergence in of disease spread to the countries of health is arguably overstated by One important consideration is that southern and eastern Europe in the focusing on life expectancy. The fertility falls with infant mortality, early years of the twentieth century lives that are being saved in poor albeit with a lag. If parents adjust 2 their fertility so that the number of In the ‘high income’ countries, less education which is more important surviving children is the same after than 1 per cent of deaths are deaths for child mortality and health than is the reduction in infant mortality as it of children. Worldwide, there are either economic growth or poverty was before, the new age structure of around four million deaths a year reduction. Better educated women the population will eventually settle from acute respiratory infections, are better caregivers to their children, down to the previous one, except for nearly two million from diarrheal as well as more effective users of and the absence of those young children disease, and more than a million lobbyists for better health services. who were previously destined to die. from diseases that are preventable In the new demographic equilibrium, by childhood immunization. How Economic growth is much to be the babies who used to cease to exist to prevent or cure these diseases is desired because it relieves the very soon after they were born, well-known, and often long known, grinding material poverty of much of because of lack of vaccinations or so that these deaths come not from the world’s population. But economic clean water, are now not born at all lack of knowledge, but because of growth, by itself, will not be enough or, to use parallel language, now some other factor, among which to improve population health, at cease to exist immediately before poverty is clearly a leading suspect. least in any acceptable time. Instead, they are born. Before the health In further support of the poverty governments must tackle the often improvement, these now unborn hypothesis, it has long been known difficult task of increasing education, children would have been born, and that countries whose economies and of providing better public health most would have led lives beyond have grown faster have had the and health services, particularly in infancy. These possibly good lives are largest (proportionate) reductions the poorest and least served areas. lost. While not everyone accepts the in infant and child mortality. (What As far as health is concerned, the legitimacy of including the potential happens to adult mortality is not market, by itself, is not a substitute lives of unborn children in welfare something that we know with any for collective action.
Recommended publications
  • Curriculum Vitae
    Curriculum Vitae of Yanis Varoufakis 1. Personal information Place and date of birth: Athens, 24 March 1961 Nationality: Greek and Australian E'mail: [email protected] and [email protected] 2. Educational Background Doctorate: University of Essex, Department of Economics, 1987, PhD in Economics; Title: Optimisation and Strikes; Description: A statistical investigation of competing time series, cross-section, econometric, parametric and game theoretical models of industrial strikes based on USA and UK data. The data sets used were of two forms: macroeconomic (aggregate). and panel data. Supervisor: Professor Monojit Chatterji (currently at Dundee University) Examiners: Professors David Ulph (University of Bristol) and Anthony Shorrocks (University of Essex). Masters: University of Birmingham, Department of Mathematical Statistics, 1982, MSc in Mathematical Statistics Specialisation: Time series, statistical inference, statistical theory, stochastic processes, limited dependent variable estimation, maximum likelihood estimation, non-parametric statistics. Bachelor: University of Essex, School of Mathematical Studies, 1981, BA(Hons) Mathematical Economics High School Moraitis School, Athens, Greece 1 3. Academic positions Primary position January 2013 – Visiting Professor, Lyndon B. Johnson Graduate School of Public Affairs, University of Texas, Austin, USA September 2006 – Professor of Economic Theory, Faculty of Economic Sciences, University of Athens, Athens, Greece September 2000 to September 2006 Associate Professor of Economic
    [Show full text]
  • Spatial Decomposition of Inequality
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Shorrocks, Anthony; Wan, Guanghua Working Paper Spatial decomposition of inequality WIDER Discussion Paper, No. 2004/01 Provided in Cooperation with: United Nations University (UNU), World Institute for Development Economics Research (WIDER) Suggested Citation: Shorrocks, Anthony; Wan, Guanghua (2004) : Spatial decomposition of inequality, WIDER Discussion Paper, No. 2004/01, The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki This Version is available at: http://hdl.handle.net/10419/52738 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Discussion Paper No. 2004/01 Spatial Decomposition of Inequality Anthony Shorrocks and Guanghua Wan* January 2004 Abstract This paper reviews the theory and application of decomposition techniques in the context of spatial inequality.
    [Show full text]
  • The Global Wealth Report 2019 in Mid-2019
    October 2019 Research Institute Global wealth report 2019 Color gradient or Image placeholder Thought leadership from Credit Suisse and the world's foremost experts Editorial Ten years ago, the Credit Suisse Research To mark its tenth anniversary, this year’s report Institute launched the first Global wealth report examines in more detail the underlying factors providing the most comprehensive and up-to- for the evolution of wealth levels and wealth dis- date survey of household wealth. Since then the tribution. The growth records of countries can be Global wealth report has become the standard quite different depending on whether wealth is reference point to monitor wealth growth across measured in US dollars or domestic currencies, countries and the extent to which wealth inequalities or in nominal or inflation-adjusted units. In the are widening or narrowing. longer term, the most successful countries are those that succeed in raising wealth as a multiple For the past decade, global wealth creation has of Gross Domestic Product (GDP) by addressing centered around China and the United States. institutional and financial-sector deficiencies. This year, the United States extended its un- This can result in a virtuous cycle in which broken spell of wealth gains, which began after higher wealth stimulates GDP growth, which in the global financial crisis in 2008. The United turn raises aggregate wealth. China, India and States also accounts for 40% of dollar million- Vietnam provide examples of this virtuous cycle aires worldwide and for 40% of those in the top in action. 1% of global wealth distribution. Wealth in China started the century from a lower base, but grew Second, the report looks at the evolution of at a much faster pace during the early years.
    [Show full text]
  • The World Distribution of Household Wealth
    The World Distribution of Household Wealth James B. Davies*, Susanna Sandstrom†, Anthony Shorrocks†, and Edward N. Wolff‡ July 2007 * Department of Economics University of Western Ontario London, Canada N6A 5C2 † UNU-WIDER Katajanokanlaituri 6 B 00160 Helsinki, Finland ‡ Department of Economics 19 West 4th Street 6th Floor New York University New York, NY 10003 USA Valuable comments and suggestions were received from participants at the WIDER project meeting on Personal Assets from a Global Perspective in May 2006 and at the International Association for Research in Income and Wealth Conference in Joensuu, Finland, in August 2006. Special thanks are due to Tony Atkinson, Brian Bucks, Markus Jäntti, and Branko Milanovic. Responsibility for all errors or omissions is our own. 1. Introduction Research on economic inequality – both within countries and between countries – is usually framed in terms of differences in income or consumption. In recent years a number of studies have extended this line of work to the global stage, by attempting to estimate the world distribution of income: see, for example Bourguignon and Morrison (2002), and Milanovic (2002, 2005). The findings document the very high disparity of living standards amongst the world’s citizens, but indicate that the rising inequality seen within many countries in recent decades has not led to a clear upward trend in global income inequality. The lack of trend is due to the rapid increase of incomes in certain developing countries, of which China is by far the most important. Alongside this work there has been growing recognition of the importance of other contributions to individual well-being, most especially health status, but also education, environment, personal security, and vulnerability to natural disasters.
    [Show full text]
  • When Aligned with Political Or Ethnic Divisions
    Unequal incomes in Asia a “particular worry” when aligned with political or ethnic divisions Income disparities undermine social and political stability, say experts Tokyo, 17 January 2006 – The unequal distribution of income, wealth, power and resources between peoples in different locations (“spatial disparities”) are a potential cause of conflict and can undermine social and political stability, according to forthcoming book published by United Nations University Press. “Spatial Disparities in Human Development” provides a series of perspectives from Asia – home to two thirds of the world’s poorest people – and describes how this crucial problem will impact on the Millennium Development Goals. The book is based on a research project launched by the World Institute for Development Economics Research of the United Nations University (UNU-WIDER). A worldwide group of experts analyzed evidence on the extent of spatial inequalities and the resulting book has been edited by Ravi Kanbur, an economics professor at Cornell University, New York, Anthony J. Venables, the Chief Economist in the UK Department for International Development (DFID) and a professor of Economics at the London School of Economics, and Guanghua Wan, a Senior Research Fellow at UNU-WIDER in Finland. The gaps in living standards within developing and transition economies are a growing source of concern. “The topic takes on added significance when spatial and regional divisions align with political and ethnic tensions to undermine social and political stability,” says Professor Anthony Shorrocks, the Director of UNU-WIDER, in the Foreword to the book. “Whatever the original source, there is a widespread perception that spatial disparities in human development have become more visible and that they are increasing over time,” he says.
    [Show full text]
  • The Global Wealth Report 2021
    June 2021 Research Institute Global wealth report 2021 Thought leadership from Credit Suisse and the world’s foremost experts Introduction Now in its twelfth year, I am proud to present to you the 2021 edition of the Credit Suisse Global Wealth Report. This report delivers a comprehensive analysis on available global household wealth, underpinned by unique insights from leading academics in the field, Anthony Shorrocks and James Davies. This year’s edition digs deeper into the impact of the COVID-19 pandemic and the response of policymakers on global wealth and its distribution. Mindful of the important wealth differences that have built over the last year, our report also offers perspectives and, indeed, encouraging prospects, for wealth accumulation throughout the global wealth pyramid as we look to a world beyond the pandemic. I hope you find the insights of this edition of the Global Wealth Report to be of particular value in what remain unprecedented times. António Horta-Osório Chairman of the Board of Directors Credit Suisse Group AG 2 02 Editorial 05 Global wealth levels 2020 17 Global wealth distribution 2020 27 Wealth outlook for 2020–25 35 Country experiences 36 Canada and the United States 38 China and India 40 France and the United Kingdom 42 Germany, Austria and Switzerland 44 Denmark, Finland, Norway and Sweden 46 Japan, Korea, Singapore and Taiwan (Chinese Taipei) 48 Australia and New Zealand 50 Nigeria and South Africa 52 Brazil, Chile and Mexico 54 Greece, Italy and Spain 56 About the authors 57 General disclaimer / important
    [Show full text]
  • Inequality and Injustice in Our Global Economy
    UNU World Institute for Development Economics Research (UNU-WIDER) WIDER Annual Lecture 9 The World is not Flat: Inequality and Injustice in our Global Economy Nancy Birdsall UNU-WIDER gratefully acknowledges sponsorship of the 2005 Annual Lecture by the Finnish Ministry for Foreign Affairs UNU World Institute for Development Economics Research (UNU-WIDER) A research and training centre of the United Nations University The Board of UNU-WIDER Francois Bourguignon Ronald Findlay Nora Lustig Ernest Aryeetey Deepak Nayyar, Chairperson Martti Hetemäki Vladimir Popov Ex Officio J. A. van Ginkel, Rector of UNU Anthony Shorrocks, Director of UNU-WIDER UNU World Institute for Development Economics Research (UNU-WIDER) was established by the United Nations University as its first research and training centre and started work in Helsinki, Finland in 1985. The purpose of the Institute is to undertake applied research and policy analysis on structural changes affecting the developing and transitional economies, to provide a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and to promote capacity strengthening and training in the field of economic and social policy making. Its work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world. UNU World Institute for Development Economics Research (UNU-WIDER) Katajanokanlaituri 6 B 00160 Helsinki, Finland Copyright © UNU-WIDER 2006 Camera-ready typescript prepared by Liisa Roponen at UNU-WIDER Printed at Hakapaino Oy, Helsinki, Finland: www.hakapaino.fi The views expressed in this publication are those of the author. Publication does not imply endorsement by the Institute or the United Nations University of any of the views expressed.
    [Show full text]
  • The Climate Change Challenge
    UNU World Institute for Development Economics Research (UNU-WIDER) WIDER Annual Lecture 11 The Climate Change Challenge Kemal Derviş In cooperation with the United Nations Development Programme (UNDP). UNU-WIDER acknowledges the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development). UNU World Institute for Development Economics Research (UNU-WIDER) A research and training centre of the United Nations University The Board of UNU-WIDER Ernest Aryeetey François Bourguignon Ronald Findlay Ricardo Frenkel Martti Hetemäki Deepak Nayyar, Chairperson Vladimir Popov Ex Officio Konrad Osterwalder, Rector of UNU Anthony F. Shorrocks, Director of UNU-WIDER UNU World Institute for Development Economics Research (UNU-WIDER) was established by United Nations University as its first research and training centre and started work in Helsinki, Finland in 1985. The purpose of UNU-WIDER is to undertake applied research and policy analysis on structural changes affecting the developing and transitional economies, to provide a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and to promote capacity strengthening and training in the field of economic and social policy making. Its work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world. UNU World Institute for Development Economics Research (UNU-WIDER) Katajanokanlaituri 6 B 00160 Helsinki, Finland Copyright © UNU-WIDER 2008 Camera-ready typescript prepared by Lisa Winkler at UNU-WIDER Cover design by Ara Kazandjian at UNU-WIDER.
    [Show full text]
  • On the Unequal Inequality of Poor Communities
    On the Unequal Inequality of Poor Communities Chris Elbers, Peter F. Lanjouw, Johan A. Mistiaen, Berk O¨ zler, and Ken Simler Public Disclosure Authorized Communities differ in important ways in their needs, capacities, and circumstances. Because central governments are not able to discern these differences fully, they seek to achieve their policy objectives by relying on decentralized mechanisms that use local information. Household and individual characteristics within communities can also vary substantially. A growing body of theoretical literature suggests that inequality within communities can influence policy outcomes in ways that are either harmful or helpful, depending on the circumstances. Until recently, empirical investigations into the impact of inequality have been held back by a lack of systematic evidence on community-level inequality. This study uses household survey and population census data to estimate per capita consumption inequality within communities in three devel- oping economies. It finds that communities vary markedly in their degree of inequality. It also shows that there should be no presumption that inequality is less severe in poor communities. The kind of community-level inequality estimates generated here can be used in designing and evaluating decentralized antipoverty programs. Public Disclosure Authorized Governments commonly implement decentralized antipoverty programs that are designed to distribute assets or cash to individuals or households. Usually, the central government distributes antipoverty funds to communities, which then decide how to allocate the funds. One example is social fund projects, a type of community-based development initiative in which poor communities identify projects, apply for funding, and design, implement, and manage their projects (Mansuri and Rao 2004).1 These initiatives intend to improve poverty Chris Elbers is a professor at the Vrije (Free) University Amsterdam; his e-mail address is celbers@ feweb.vu.nl.
    [Show full text]
  • Global Wealth Report 2014 G 45 28 23 14 38 04 03 Contents
    October 2014 Research Institute Thought leadership from Credit Suisse Research and the world’s foremost experts Global Wealth Report 2014 GLOBAL WEALTH REPORT 2014_2 Contents 03 Introduction 04 Global wealth 2014: The year in review 14 Global trends in household wealth 23 The global wealth pyramid 28 Wealth inequality 38 Household wealth in 2019 45 Wealth of nations 46 United States: Land of fortunes 47 Japan: Shock therapy 48 China: Star of the east 49 India: Emerging wealth 50 France: Uncertain prospects 51 United Kingdom: Advancing again 52 Switzerland: View from the top 53 Russia: Little sign of growth 54 Singapore: Robust and stable growth 55 Taiwan: Asian tiger 56 Indonesia: Impressive growth 57 Australia: No worries 58 South Africa: Signs of growth 59 Chile: Sustained growth 60 Canada: Rising wealth 61 Brazil: Slumbering giant 62 Authors 63 Imprint / Disclaimer ILASYEUNG ILASYEUNG S For more information, please contact: Richard Kersley, Head of Global Securities Products and Themes, Credit Suisse Investment Banking, [email protected] Markus Stierli, Head of Fundamental Micro Themes Research, Credit Suisse Private Banking & Wealth Management, PHOTO: ISTOCKPHOTO.COM/PACOPINILLOS, ISTOCKPHOTO.COM/ [email protected] R COVE GLOBAL WEALTH REPORT 2014_3 Introduction The Credit Suisse Global Wealth Report provides the most comprehensive and up-to-date source of information on global household wealth. Since 2010, we have collaborated with Professors Anthony Shorrocks and Jim Davies, recognized authorities on this topic, and the principal authors of “Personal Wealth from a Global Perspective,” Oxford University Press, 2008. Unlike other studies, this report measures and analyzes trends in wealth across nations from the very base of the “wealth pyramid” to the ultra-high net worth individuals.
    [Show full text]
  • WIDER Special Issue: Inequality and Poverty in China
    World Institute for Development Economics Research No. 2/2007 Why the Poorest Countries four distinct traps that between them account for the problem, each requiring a distinct remedy. I also argue are Failing and What Can that globalization, though it has been benign for the be Done About it majority of the developing world, is not working for the bottom billion and is not likely to do so. On by Paul Collier the contrary, it is liable to make them increasingly marginalized. So what are the key policy issues? One is that Africa has failed to develop jobs in export manufactures, the strategy that has been transforming Asia. Bangladesh has generated nearly three million jobs by exporting garments. If Kenya could do the same, it would be transformed. But Asia’s success has made it harder for Africa to get started. It will help by granting Africa better access to developed country markets. At present most of the G8 countries impose tariffs on imports of garments from Africa. There is one exception: the US. The US allows Kenya to export shirts duty-free into its market. Europe does not. Even the few African countries that are allowed duty-free access into Europe get blocked by absurd technical © Friedrich Stark / Das Fotoarchiv. / Still Pictures / Still Fotoarchiv. / Das Stark Friedrich © requirements: Lesotho sells thousands of shirts to America, but they do not satisfy the regulations of the European Union. As a result, over the last five years Africa’s garments exports to Europe have declined while increasing sevenfold to the US. The G8 could easily adopt a common set of rules for these African exports that would generate jobs across the region.
    [Show full text]
  • WIDER Annual Lecture 10 Global Patterns of Income and Health
    UNU World Institute for Development Economics Research (UNU-WIDER) WIDER Annual Lecture 10 Global Patterns of Income and Health: Facts, Interpretations, and Policies Angus Deaton UNU-WIDER gratefully acknowledges the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida), and the United Kingdom (Department for International Development). UNU World Institute for Development Economics Research (UNU-WIDER) A research and training centre of the United Nations University The Board of UNU-WIDER Ernest Aryeetey Francois Bourguignon Ronald Findlay Roberto Frenkel Martti Hetemäki Deepak Nayyar, Chairperson Vladimir Popov Ex Officio Hans van Ginkel, Rector of UNU Anthony Shorrocks, Director of UNU-WIDER UNU World Institute for Development Economics Research (UNU-WIDER) was established by the United Nations University as its first research and training centre and started work in Helsinki, Finland in 1985. The purpose of the Institute is to undertake applied research and policy analysis on structural changes affecting the developing and transitional economies, to provide a forum for the advocacy of policies leading to robust, equitable and environmentally sustainable growth, and to promote capacity strengthening and training in the field of economic and social policy making. Its work is carried out by staff researchers and visiting scholars in Helsinki and through networks of collaborating scholars and institutions around the world. www.wider.unu.edu [email protected] UNU World Institute for Development Economics Research (UNU-WIDER) Katajanokanlaituri 6 B 00160 Helsinki, Finland Copyright © UNU-WIDER 2007 Camera-ready typescript prepared by Lorraine Telfer-Taivainen at UNU-WIDER Printed at Hakapaino Oy, Helsinki, Finland: www.hakapaino.fi The views expressed in this publication are those of the authors.
    [Show full text]