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Hollis B. Chenery
Hollis Burnley Chenery (January 6, 1918 – September 1, 1994) was an American economist well known for his pioneering contribution in the field of development economics. Early life Chenery was born in Richmond, son of Christopher Chenery, a businessman and horseman. He was educated in Virginia, Pelham Manor, New York and at the University of Arizona (BSc Mathematics, 1939), the University of Oklahoma (BSc Engineering, 1941), and California Institute of Technology (MSc Engineering, 1943). He served in the United States Army Air Forces in World War II. After the war he earned degrees from the University of Virginia (MA Economics, 1947) and Harvard University (PhD Economics, 1950). His doctoral dissertation, entitled ''Engineering Bases of Economic Analysis'', was written under the direction of Wassily Leontief. Career He worked as a professor of economics at Stanford from 1952 to 1961, as a Guggenheim fellow in 1961 and joined the United States Agency for International Development ...
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Chief Economist Of The World Bank
The Chief Economist of the World Bank (full title: Senior Vice President for Development Economics and Chief Economist of the World Bank Group) is the senior economist at the World Bank Group, tasked with providing intellectual leadership and direction to the Bank’s overall international development strategy and economic research agenda, at global, regional and country levels. As a member of the Bank’s senior management team, the person advises the President and Bank’s management on economic issues. List of Chief Economists of the World Bank See also *Chief Economist of the International Monetary Fund The Chief Economist of the International Monetary Fund (IMF) is also the economic counsellor and director of the fund's Research Department and is responsible for providing independent advice to the fund on its policy issues, integrating ideas of th ... References * {{Economist-stub ...
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Doctor Of Philosophy
A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is an earned research degree, those studying for a PhD are required to produce original research that expands the boundaries of knowledge, normally in the form of a dissertation, and defend their work before a panel of other experts in the field. The completion of a PhD is often a requirement for employment as a university professor, researcher, or scientist in many fields. Individuals who have earned a Doctor of Philosophy degree may, in many jurisdictions, use the title ''Doctor'' (often abbreviated "Dr" or "Dr.") with their name, although the proper etiquette associated with this usage may also be subject to the professional ethics of their own scholarly field, culture, or society. Those who teach at universities or work in academic, edu ...
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Secretariat (horse)
Secretariat (March 30, 1970 – October 4, 1989), also known as Big Red, was a champion American thoroughbred racehorse who is the ninth winner of the American Triple Crown, setting and still holding the fastest time record in all three races. He is regarded as one of the greatest racehorses of all time. He became the first Triple Crown winner in 25 years and his record-breaking victory in the Belmont Stakes, which he won by 31 lengths, is widely regarded as one of the greatest races in history. During his racing career, he won five Eclipse Awards, including Horse of the Year honors at ages two and three. He was nominated to the National Museum of Racing and Hall of Fame in 1974. In the List of the Top 100 U.S. Racehorses of the 20th Century, Secretariat is second only to Man o' War. At age two, Secretariat finished fourth in his 1972 debut in a maiden race, but then won seven of his remaining eight starts, including five stakes victories. His only loss during this perio ...
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The World Bank
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Recons ...
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Aid Effectiveness
Aid effectiveness is the degree of success or failure of international aid (development aid or humanitarian aid). Concern with aid effectiveness might be at a high level of generality (whether aid on average fulfils the main functions that aid is supposed to have), or it might be more detailed (considering relative degrees of success between different types of aid in differing circumstances). Questions of aid effectiveness have been highly contested by academics, commentators and practitioners: there is a large literature on the subject. Econometric studies in the late 20th century often found the average effectiveness of aid to be minimal or even negative. Such studies have appeared on the whole to yield more affirmative results in the early 21st century, but the picture is complex and far from clear in many respects. Many prescriptions have been made about how to improve aid effectiveness. In 2003–2011 there existed a global movement in the name of aid effectiveness, around ...
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United States Agency For International Development
The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 billion, USAID is one of the largest official aid agencies in the world and accounts for more than half of all U.S. foreign assistance—the highest in the world in absolute dollar terms. Congress passed the Foreign Assistance Act on September 4, 1961, which reorganized U.S. foreign assistance programs and mandated the creation of an agency to administer economic aid. USAID was subsequently established by the executive order of President John F. Kennedy, who sought to unite several existing foreign assistance organizations and programs under one agency. USAID became the first U.S. foreign assistance organization whose primary focus was long-term socioeconomic development. USAID's programs are authorized by Congress in the Foreign Assist ...
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Wassily Leontief
Wassily Wassilyevich Leontief (russian: Васи́лий Васи́льевич Лео́нтьев; August 5, 1905 – February 5, 1999), was a Soviet-American economist known for his research on input–output analysis and how changes in one economic sector may affect other sectors. Leontief won the Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize ( Paul Samuelson 1970, Robert Solow 1987, Vernon L. Smith 2002, Thomas Schelling 2005). Biography Early life Wassily Leontief was born on August 5, 1905, in Munich, Germany, the son of Wassily W. Leontief (professor of Economics) and Zlata (German spelling ''Slata''; later Evgenia) Leontief (née Becker). Wassily Leontief Sr. belonged to a family of Russian old-believer merchants living in St. Petersburg since 1741. Evgenia (Genya) Becker belonged to a wealthy Jewish family from Odessa. At 15 in 1921, Wassily Jr. entered University of Leningrad in present-day S ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, massa ...
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United States Army Air Forces
The United States Army Air Forces (USAAF or AAF) was the major land-based aerial warfare service component of the United States Army and ''de facto'' aerial warfare service branch of the United States during and immediately after World War II (1941–1945). It was created on 20 June 1941 as successor to the previous United States Army Air Corps and is the direct predecessor of the United States Air Force, today one of the six armed forces of the United States. The AAF was a component of the United States Army, which on 2 March 1942 was divided functionally by executive order into three autonomous forces: the Army Ground Forces, the United States Army Services of Supply (which in 1943 became the Army Service Forces), and the Army Air Forces. Each of these forces had a commanding general who reported directly to the Army Chief of Staff. The AAF administered all parts of military aviation formerly distributed among the Air Corps, General Headquarters Air Force, and the groun ...
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Pelham Manor, New York
Pelham Manor is an affluent village located in Westchester County, New York. As of the 2020 census, the village had a total population of 5,752. It is located in the town of Pelham. History The Bolton Priory, Edgewood House, and Pelhamdale are listed on the National Register of Historic Places. Geography Climate Demographics As of the census of 2000, there were 5,466 people, 1,862 households, and 1,504 families residing in the village. The population density was 4,121.3 inhabitants per square mile (1,586.8/km2). There were 1,909 housing units at an average density of 1,439.4 per square mile (554.2/km2). The racial makeup of the village was 92.15% White, 2.12% African American, 0.07% Native American, 2.80% Asian, 0.00% Pacific Islander, 1.06% from other races, and 1.79% from two or more races. 4.63% of the population were Hispanic or Latino of any race. There were 1,862 households, out of which 43.3% had children under the age of 18 living with them, 71.1% were marri ...
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Development Economics
Development economics is a branch of economics which deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels. Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as intertemporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods. Common topics include growth theory, poverty and inequality, human capital, and institutions. Unlike in many other fields of economics, approaches in development ec ...
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Economist
An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophical theories to the focused study of minutiae within specific markets, macroeconomic analysis, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess this information using advanced methods in statistical analysis, mathematics, computer programming nd ...
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