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An aerial view of the Datong Panda Power Plant, Shanxi Province of China, 25 July 2017. The plant aims for a total capacity of 100MW upon completion. EPA/HOW HWEE YOUNG

China’s green planning for the world starts with infrastructure

China has become a commanding authority in infrastructure and has the opportunity to shape global development in ways that may define the rest of the 21st century.
Metropoles like Shanghai have survived and thrived in large part because of their massive populations. But what happens when people start to become a liability rather than an asset? Reuters/Aly Song

Can the world’s megacities survive the digital age?

Research shows that technology disrupts economies of scale, turning megacities’ huge populations from strength to liability. To survive, megacities, like companies, must adapt.
The Virgin Mary may not be able to pull Brazil out of a deep recession, but her church-sponsored house calls do wonders to ease economic malaise among participating Catholic families. Pilar Olivares/Reuters

This old Catholic ritual is giving Brazil’s economy a small boost, one Virgin Mary statuette at a time

For a century, Brazil’s Catholic Church has sent holy statues out to parishioners’ homes. A new study finds that these visits create a local subeconomy, benefitting families and the church.
Cutting off the Maduro regime’s cash flow won’t help the humanitarian crisis in Venezuela, where hunger, poverty and sickness are deepening the nation’s plunge into chaos. AP Photo/Ariana Cubillos

Venezuela: Why Trump’s sanctions won’t work

New US sanctions against Venezuela deliver a clear condemnation of the Maduro regime’s authoritarian maneuvering but overlook two key problems: Russian meddling and the humanitarian crisis.
In Cuba, unlike in many Latin American countries, when you see children on the street, they’re not begging; they’re playing. And therein lies Castro’s dilemma: how to reform Cuba’s stagnant economy without losing what’s working? Dan Lundberg/flickr

Castro’s conundrum: finding a post-communist model Cuba can follow

Cuba won’t tolerate the high social costs paid by China and Vietnam in their shift to market capitalism, but its economy desperately needs a reboot.
Tax sheltering is not just the domain of exotic Caribbean isles. Major world powers, including the United Kingdom, play a critical and previously undisclosed role in global tax avoidance. CORPNET

These five countries are conduits for the world’s biggest tax havens

The Netherlands, Switzerland, the United Kingdom, Singapore and Ireland are among the rich countries that funnel major corporate money into secret offshore tax shelters, according to a new study.
How much trickles down to her? Rachele Caretti/flickr

Can tourism alleviate global poverty?

International tourism is a booming business, with tourists spending US$1.4 trillion each year. Who’s benefiting from this outlay of cash?
A massive protest against the Gorrano Dam on January 26 2017 in Islamkot, Tharparkar. Bheem Raj /Thar Voice Forum

For Pakistan, China’s huge energy investments may have serious political costs

China is sinking billions into energy development in rural Pakistan, much of it earmarked for renewables. That may be good for the climate and the national economy, but what about the locals?
Inflation reached 800% in Venezuela. Here, a banknote featuring president Nicolas Maduro’s face has been stamped as ‘devalued’. Jorge Silva/Reuters

Inside Venezuela’s economic collapse

How is a country that was once South America’s richest now on the verge of bankruptcy? A Venezuelan economist breaks down his country’s descent into chaos.
The first microloans were made to women in rural Bangladesh in the 1970s. Banesa Khatun (far left) here in 2006, was still using Grameen Bank 30 years later. Rafiquar Rahman/Reuters

Yes, microlending reduces extreme poverty

A new study finds that giving small loans to very poor people reduces both the incidence and depth of poverty in the developing world.
Be careful! In Uttar Pradesh, the cow trade is now almost wholly criminalised. Jitendra Prakash/Reuters

‘Cow economics’ are killing India’s working class

A crackdown on the beef and leather trades has put hundreds of thousands of Indian Muslims and Dalits out of work, vexing already-tense religious relations and hurting India’s economy.