World Bank will try to help India double its GDP growth rate from 4.8% to 9.6% and try to help Vietnam find steps to become an industrialized country in a single generation

1. The World Bank Group will bring increased financial and knowledge resources to help India return to the path of sustained high growth needed to bring prosperity to millions, especially the poor living in the lower income states. The World Bank Group will be ready to provide financial support worth $15-18 billion over the next …

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There is no evidence for poverty or middle income traps and development policy should reflect this reality

Country income classifications, with their division into low ( less than $1,036), middle ($1,036–$12,625), and high ( over $12,625) are arbitrary. $1.25 and $2 poverty lines are also arbitrary. 1. There is no natural grouping of economies based on GNI per capita. 2. Country income status does not correlate with trend breaks or end points …

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Ultra-High Temperature Ceramics could enable hypersonic planes

HYPERSONIC aircraft that could fly from Sydney to Madrid in less than two hours could be closer to reality following Australian scientific work with clay. Ultra-High Temperature Ceramics are promising materials for hypersonic aircraft parts because they offer good thermomechanical properties under extreme conditions and they do it without compromising the integrity of the overall …

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