People have been harnessing water to produce energy and perform work for thousands of years. The ancient Greeks used watermills to grind wheat into flour. Ancient Romans used the power of water to cut timber and stone.
Television pictures showed villagers wading waist deep in floodwaters with their livestock, mud-and-brick homes collapsing and people climbing into wooden boats
Ordinary people in many parts of the developing world are feeling more and more left out. While hundreds of millions have been lifted out of extreme poverty since the 1990s, particularly in places like China and Latin America, many have stayed behind.
Eminent developmental economist Prof.
Studies & Presentations
Given a poverty line, a person who is non-poor (poor) currently may not be treated as non-poor (poor) in a vulnerable situation. The poverty line is adjusted in the presence of vulnerability such that the utility of a person at the current poverty line and that at the adjusted poverty line become identical. Using an additive model of vulnerability, it is shown that if the utility function obeys constant Arrow-Pratt absolute risk aversion, then the harmonized poverty line is a simple absolute augmentation of the current poverty line.
The Pacific Possible: Climate change and Disaster Resilience report highlights the costs of making Pacific coastlines more resilient to climate change, which vary between one and thirteen percent of GDP across all Pacific Island countries, with higher costs in atoll island states such as Kiribati and Marshall Islands.