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Countries with abundant natural resources – gold, diamonds, crude oil– often fail to transform that advantage into favourable development outcomes. This is known as the natural resource curse. Countries like Nigeria, Angola and the Democratic Republic of Congo are often cited as examples. Several explanations have been offered for the resource course. These include the lack of government accountability usually associated with large windfalls from natural resources relative to other sources of tax revenues. Others are an increase in the local currency against major currencies such a...

Climate and socio-economic experts expressed deep concerns about the findings of The Intergovernmental Panel on Climate Change (IPCC) report.    

“If the same trend continues at such alarming levels in change of temperatures, Bengaluru city will face acute drinking water shortage in the coming years with the reduction in water availability in the Cauvery River basin mainly due to variation in precipitation levels,” he said.

Background: Rheumatic heart disease (RHD) has declined dramatically in wealthier countries in the past three decades, but it remains endemic in many lower-resourced regions and can have significant costs to households. The objective of this study was to quantify the economic burden of RHD among Ugandans affected by RHD. Methods: This was a cross-sectional cost-of-illness study that randomly sampled 87 participants and their households from the Uganda National RHD registry between December 2018 and February 2020. Using a standardized survey instrument, we asked participants and household member...

Boosting exports for South Asia July 5, 2021 The Covid-19 pandemic has disrupted the global economy and world trade. As South Asia emerges from the worst economic performance in decades, exports can be an important engine to help foster economic recovery. In recent decades, exports have been a key catalyst in transforming many Asian economies and lifting hundreds of millions of people out of poverty. But South Asia, one of the fastest growing subregions in the world before the pandemic, is yet to see dynamic export growth spanning across diverse sectors. Home to about a quarter of the world...