Views of a Nepali Economist

• What's troubling the Indian economy?
• Secret bank accounts in Switzerland
• Great note on the manipulation of currencies
• More at stake than cricket: India hosts Pakistan
• The Myth of American meritocracy
• How to pick a pocket? (New Yorker article on the world's best pick-pocket)
• Rape and murder in Delhi

Labels: cricket, currency manipulation, Delhi, India, pickpocket, rape, switzerland, usa

All charts are from different articles in The Economist (www.economist.com). If you're getting this in email, please visit my blog to see the chart images.

Labels: america, poverty, russia, usa

. Nicholas Kristof has a piece in New York Times about the need to send girls to school.

The head of the impoverished household during the week is a malnourished 14-year-old girl, Dao Ngoc Phung. She’s tiny, standing just 4 feet 11 inches and weighing 97 pounds...Yet if Phung is achingly fragile, she’s also breathtakingly strong. You appreciate the challenges that America faces in global competitiveness when you learn that Phung is so obsessed with schoolwork that she sets her alarm for 3 a.m. each day.

Phung wakes her brother and sister, and then after breakfast they all trundle off to school. For Phung, that means a 90-minute bicycle ride each way. She arrives at school 20 minutes early to be sure she’s not late.

Kristof compares the Asian culture with American, and writes about the emphasis that the Asian cultures put on education and meritocracy.

Phung yearns to attend university and become an accountant. It’s an almost impossible dream for a village girl, but across East Asia the poor often compensate for lack of money with a dazzling work ethic and gritty faith that education can change destinies. The obsession with schooling is a legacy of Confucianism — a 2,500-year-old tradition of respect for teachers, scholarship and meritocratic exams. That’s one reason Confucian countries like China, South Korea and Vietnam are among the world’s star performers in the war on poverty.

Granted, Asian schools don’t nurture creativity, and Vietnamese girls are sometimes treated as second-class citizens who must drop out of school to help at home. But education is generally a top priority in East Asia, for everyone from presidents to peasants.

Labels: education, gender inequality, new york times, usa, vietnam