Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Wednesday, September 21, 2005

Violence Impedes Economic Development

As Melanie Phillips says, "Duh!"

The UN Development Programme’s Human Development Report 2005 is a massive tome. But chapter five which deals with violent conflict makes it clear that it was the second intifada beginning in Sept. 2000 which reversed a small trend towards improvement on the Human Development Index [HDI] and resulted ‘in a sharp deterioration in living standards and life chances,’ more than doubling the poverty rate. Israel is commonly blamed for this deterioration. But as the report observes: ‘...violent conflict is one of the surest and fastest routes to the bottom of the HDI table’.

And we know who initiated the violence after September 2000.

What does this say about Scotland (ref by The Gods of the Copybook Headings)?
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