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Despite becoming a global economic force, why does India win so few Olympic medals and have so many people living in poverty? Why have opportunities not become available more broadly? How can growing individuals assist with the task of building a growing economy? Krishna presents a refreshingly unusual perspective of emergent realities, drawing on the stories of everyday lives, of people like you and me and those less privileged. Through decades-long investigations, living in villages and slum communities, the author presents eye-opening details of missed opportunities and immense untapped talent that can be harnessed, with tremendous consequences for equity and growth. Offering possible solutions for inequality and those in need, The Broken Ladder is a comprehensive and fascinating account of development strategies in a fast-growing, yet largely agrarian, developing economy.

The idea of social capital allows scholars to assess the quality of relationships among people within a particular community and show how that quality affects the ability to achieve shared goals. With evidence collected from 69 villages in India, Krishna investigates what social capital is, how it operates in practice, and what results it can be expected to produce. Does social capital provide a viable means for advancing economic development, promoting ethnic peace, and strengthening democratic governance? The world is richer than ever before, but more than a fifth of its people are poor and

"Evidence from twenty-four diverse countries of Asia, Africa, and Latin America examined in this volume shows that poor people do not value democracy any less than their richer counterparts. Their faith in democracy is as high as that of other citizens, and they participate in democratic activities as much as their richer counterparts. Democracy is not likely to be unstable or unwelcome simply because poverty is widespread. Political attitudes and participation levels are unaffected by relative wealth. Education, rather than income or wealth, makes for more committed and engaged democratic citizens. Investments in education will make a critical difference for stabilizing and strengthening democracy."--Jacket

The rise of artificial intelligence and other new technologies has raised hopes that they might contribute to reducing poverty. History suggests that they need to be embedded in broader frameworks of institutions, regulations, and training.

Many developing countries have large populations at risk of falling into chronic poverty due to threats to their health and livelihoods. Despite global poverty reduction over recent decades, many remain near-poor, and an episode of ill health or job loss can plunge a household into poverty. The coronavirus pandemic threatens to send tens of millions of people around the world below the poverty line. Some countries are especially unprepared to protect their people from health and economic shocks. They should focus on reforms to improve access to health care, secure work, and opportunities for social mobility.

Many developing countries have large populations at risk of falling into chronic poverty due to threats to their health and livelihoods. Better access to health care, secure work, and oppportunity is needed.

"For many … significant upward mobility remains a doubtful prospect, while substantial downward mobility is a real possibility." Eighth in a series on social mobility around the world.

An attempt to curb tax evasion by taking large-denomination bills out of circulation overnight imposed new hardships on an Indian populace long accustomed to capricious government initiatives.

For generations, this urban bias in policy making, inherited from colonial times, has stunted the growth of human capital among the vast rural populations of [developing] countries.

ABSTRACTRising inequality alongside rapid economic growth reinforces the need to examine patterns of social mobility in India. Are children from less well‐off sections also able to rise to higher‐paying positions, newly created by the growing economy, or are these positions mainly accessible to established elites? Powered in particular by the software industry, no sector has grown as fast as engineering in India. Examining the social origins of students at a range of engineering colleges, including higher‐ and lower‐ranked ones, provides a useful lens for understanding how the new opportunities have availed different social segments. These results provide some grounds for optimism: women, scheduled castes, and sons and daughters of agriculturists have improved upon historical trends. However, the rural–urban divide remains deep: the more rural one is, the lower are one's chances of getting into any engineering college. Multiple simultaneous handicaps — being poorandrural or scheduled casteandrural — reduce these chances to virtually zero. Improving education quality together with better information provision and more accessible career advice are critical for making opportunity more equitable.