Ending poverty and boosting shared prosperity is about realizing human potential | Voices – the World Bank Whilst

These key indicators of human well-being have ...

These key indicators of human well-being have all improved since 1970. (Photo credit: Wikipedia)

This is a worthwhile read. Check it out!

via Ending poverty and boosting shared prosperity is about realizing human potential | Voices.

Personally, I struggle with these concepts for the developed as well as the developing world. Whilst I have witnessed first-hand, the effectiveness of international organizations, like UNESCO, the contextual challenges are enormous.

Examples of barriers abound everywhere. In the US, look at the example of unpaid internships. In Europe, look at the impact of austerity. Germany‘s public humiliation of Greece this week is just the latest example.

As John Gelmini and I have frequently highlighted in this blog, young people must get smart and get ahead of the curve.

Let me turn this to an open question:

How should young people from humble or poor backgrounds realize their own human potential?

Thoughts?

Greece’s terrible choice: receivership or liquidation | The Australian

This an outstanding article and video interview, published in the Australian. Check it out!

via Greece’s terrible choice: receivership or liquidation | The Australian.

The headline is stark but realistic. Either Greece allows receivership, effectively foreign control or it’s liquidation.

Germany is now playing hard-ball and humiliating Greece, which they hope will be a powerful signal for other Southern European countries to stay in line. France meanwhile has been playing a strong-hand supporting Greece.

The context is that Germany’s domestic politics is weary with Greece. Angela Merke, Germany’s Chancellor, has been papering over the cracks in the Eurozone for years. She prefers incremental rather than strategic decisions. But she faces two political crises. Firstly, there’s domestic opinion in Germany. Secondly, there’s the US, France and Italy that are worried by the geo-strategic implications of a Grexit – Putin is ready to give Greece help with energy.

Perhaps, the greatest crisis is that the hard-left government in Greece has not been honest with the Greek people – it has been arrogant and mislead the Greek people about the strength of their negotiating hand.  This could well lead to an early change of government. Once the ECB turns off the emergency liquidity tap to Greek banks, rapid implosion is expected to follow.

Thoughts?

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