Daniel Gerszon Mahler's Books

Fair Progress?

Economic Mobility across Generations around the World

By: Ambar Narayan,Roy Van der Weide,Alexandru Cojocaru,Christoph Lakner,Silvia Redaelli,Daniel Gerszon Mahler,Rakesh Gupta N. Ramasubbaiah,Stefan Thewissen

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Fair Progress?

Economic Mobility across Generations around the World

By: Ambar Narayan,Roy Van der Weide,Alexandru Cojocaru,Christoph Lakner,Silvia Redaelli,Daniel Gerszon Mahler,Rakesh Gupta N. Ramasubbaiah,Stefan Thewissen

Fair Progress? Economic Mobility across Generations around the World focuses on an issue that has gotten much attention in the developed world, but will present new data and analysis covering most of the world including developing economies. The analysis considers whether those born in poverty or in prosperity are destined to remain in the same economic circumstances into which they were born, and looks back over a half a century at whether children's lives are better or worse than their parents' in different parts of the world. It suggests local, national, and global actions and policies that can help break the cycle of poverty, paving the way for the next generation to realize their potential and improve their lives.

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Page Count

352

Publisher

World Bank Publications

Published Date

ISBN 10

1464812799

ISBN 13

9781464812798

Fragility and Conflict

On the Front Lines of the Fight against Poverty

By: Paul Corral,Alexander Irwin,Nandini Krishnan,Daniel Gerszon Mahler

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Fragility and Conflict

On the Front Lines of the Fight against Poverty

By: Paul Corral,Alexander Irwin,Nandini Krishnan,Daniel Gerszon Mahler

Fragility and conflict pose a critical threat to the global goal of ending extreme poverty. Between 1990 and 2015, successful development strategies reduced the proportion of the world’s people living in extreme poverty from 36 to 10 percent. But in many fragile and conflict-affected situations (FCS), poverty is stagnating or getting worse. The number of people living in proximity to conflict has nearly doubled worldwide since 2007. In the Middle East and North Africa, one in five people now lives in such conditions. The number of forcibly displaced persons worldwide has also more than doubled in the same period, exceeding 70 million in 2017. If current trends continue, by the end of 2020, the number of extremely poor people living in economies affected by fragility and conflict will exceed the number of poor people in all other settings combined. This book shows why addressing fragility and conflict is vital for poverty goals and charts directions for action. It presents new estimates of welfare in FCS, filling gaps in previous knowledge, and analyzes the multidimensional nature of poverty in these settings. It shows that data deprivation in FCS has prevented an accurate global picture of fragility, poverty, and their interactions, and it explains how innovative new measurement strategies are tackling these challenges. The book discusses the long-term consequences of conflict and introduces a data-driven classification of countries by fragility profile, showing opportunities for tailored policy interventions and the need for monitoring multiple markers of fragility. The book strengthens understanding of what poverty reduction in FCS will require and what it can achieve.

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Page Count

162

Publisher

World Bank Publications

Published Date

ISBN 10

146481547X

ISBN 13

9781464815478

Sovereign Debt Sustainability

Multilateral Debt Treatment and the Credit Rating Impasse

By: Daniel Cash

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Sovereign Debt Sustainability

Multilateral Debt Treatment and the Credit Rating Impasse

By: Daniel Cash

In 2020, the G20 proposed a solution for the debt-related issues affecting the world’s poorest countries due to the COVID-19 pandemic. However, their initiatives have failed to meet their objectives. The author argues that the reason for this failure is the inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors as they fear credit rating agencies and the prospect of a downgrade. The author refers to this as the ‘credit rating impasse’. This book proposes a novel solution. The author asserts that there is a need in the literature to unpick the dynamic that exists and creates that impasse, namely the pressures that exist between sovereign states, private creditors, credit rating agencies, and the geo-political backdrop that is massively influential in the dynamic, that is, the adversarial relationship between China and the US. This book addresses the recent history of debt treatment for poorer countries and related successes and failures: COVID-19-related issues and the development of the Debt Service Suspension Initiative and the Common Framework for Debt Treatment. This book examines the reasons for their failure by analysing the positions of the sovereign states, the division between private and official creditors and between multilateral institutions such as the IMF and the World Bank, credit rating agencies, and the competing political entities of China and the US. It presents a wider picture of the systemic underpinnings to such debt-related issues and, when examined through a geo-political perspective, the subsequent chances of future debt treatment-related successes. Licence line: The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

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