Why Young People Can’t Get Jobs in Africa

by Karol Boudreaux 6.8 percent: that was July’s seasonally adjusted unemployment rate for US workers ages 18–44. For those ages 18–24, the rate was 9.5 percent. That’s a high rate for young people. But if you were 20 years old and lived in Africa, you might be thrilled with an unemployment rate like that. Today, 60% …

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Everything You Need to Know about Global Poverty

by Luis Pablo de la Horra In 2015, YouGov, an international market research firm, conducted a poll on the state of the world, in which 71 percent of respondents said they were convinced that the world was becoming a worse place, and only 5 percent thought that living standards were improving across the world. In …

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The mobile phone is an anti-poverty device

by Robert Colvile Imagine that you don’t have a bank account. Imagine how hard it would be to get through your life without being able to pay for goods with a tap or swipe of a card. Without your rent payments or Netflix subscription coming out of your account all by themselves, or your salary …

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Oxfam is Wrong About How to Alleviate Poverty

by Tim Worstall As it’s Davos time, Oxfam has issued its traditional demand for a handout.  Their wealth report this year informs us that a mere eight people have more wealth than the bottom 50 per cent of the world’s population. This is entirely true of course. But Oxfam’s solution is that we should take it from the …

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Mobile Money Has Lifted 194,000 Kenyan Households Out of Poverty

by Scott Burns In an earlier post, I showed how over the past few years M-PESA and other kinds of “mobile money” have made sending money across the world as easy as sending a text message, while also facilitating commerce and financial inclusion in developing nations around the world. It’s only recently, though, that experts …

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