On Feb. 14, its president, David Holt, issued the following statement: The Green New Deal is not a practical solution for American consumers. This segment of the population lacks the financial resources to replace the most essential appliances the Green New Deal would require.
Right chart - WDI Cabo Verde’s poverty reduction achievements are grounded in political stability and strong institutions as well as an open economy that has been driven by exponential growth of the tourism sector exploiting the country’s natural beauty.
This may reflect the declining contribution of agriculture, in which the majority of poor households are engaged, the limited job opportunities for higher productivity in the services sector, and a largely capital-intensive industrial development.
Introducing our new Sustainable Communities blog series Making sure that villages, cities, but also countries and societies at large can grow in a sustainable way will be key to achieving the World Bank’s twin goals of eliminating poverty and boosting shared prosperity.
Economists typically use the Gini index of per capita income or household consumption expenditure as a measure of inequality. For example, in Nepal, as incomes and living standards have improved, private school enrollments have increased leaving public schools, especially in remote rural areas, struggling to fill classrooms.