Wealth and Poverty
Ken E. Salo, Professor for Urban and Regional Planning at the University of Illinois Urbana Champaign and Dr. Hadi Esfahini, Professor of Economics and the Director of the Center for South Asian and Middle Eastern Studies at the University of Illinois talk about wealth and poverty in South Africa and the Middle East.
Ken E. Salo in part 1 discusses the reasons for the existence of unequal income distribution in South Africa and how South Africa can move toward greater special equality.
In part 2 of this series, Ken E. Salo discusses the responsibility of developed countries to aid the development of less developed countries.
In part 3 Ken E. Salo covers the impact of development on the environment in South Africa starting with colonialism through today.
Dr. Hadi Esfahani's first installment of his wealth and poverty discussion covers foreign direct investment and the reduction of poverty using the examples of Egypt, Iran and China and different industries foreign direct investment can benefit. Also, Dr. Hadi Esfahani discusses the negative aspects foreign direct investment can have.
In part 2 Dr. Hadi Esfahani covers the effect of foreign investment on poverty in the middle east using the examples of Iran and Haiti and covers the possible avenues of reducing poverty in the Middle East.
In part 3 Dr. Hadi Esfahani discusses the positive and negative aspects of oil dependence on the Middle East.
For additional resources, see the following readings:
- Doxtader, Erik, and Charles Villa-Vicencio, eds. To Repair the Irreparable : Reparation and Reconstruction in South Africa. Claremont: David Philip Publishers, 2004.
- Gunderson, Cory Gideon. The Need for Oil. Edina, Minn: Abdo & Daughters, 2004.
- Adams Jr., Richard H., and John Page. "Poverty, Inequality and Growth in Selected Middle East and North Africa Countries, 1980–2000." World Development 31.12 (2003): 2027.
- Choi, Yongjae, and Hadi Salehi Esfahani. "Direct Foreign Investment and Expropriation Incentives: A Mitigating Role for Match-Specific Capital." Quarterly Review of Economics and Finance 38.1 (1998): 47.
- Esfahani, Hadi Salehi, and M. H. Pesaran. "The Iranian Economy in the Twentieth Century: A Global Perspective." Iranian Studies 42.2 (2009): 177-211.
- Kremer, M., and DL Chen. "Income Distribution Dynamics with Endogenous Fertility." Journal of Economic Growth 7.3 (Sep 2002): 227-258.