Adverse health shocks fuel discontent. Social unrest can be driven by grievances with the provision of local public services. This column examines the effect of a large-scale health intervention – the expansion of HIV antiretroviral therapy – on violent events throughout Africa. Where the treatment was expanded, incidents of social violence dropped substantially at both
Wealth inequality can limit people’s ability to accumulate human capital, carry out business projects, or cope with major economic crises. Focusing on France, Spain, the UK, and the US, this column shows that intergenerational transfers, such as inheritances and inter vivos gifts, play a significant role in underpinning wealth inequality. When inheritancesand gifts exceed a
Global debt levels surged in 2020 as a result of the COVID-19 pandemic. A rise in debt has led to several countries initiating debt restructuring, while many others are in or at high risk of debt distress and may also need debt relief.
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