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March 2009

Keynesian multipliers and market economies with a human face

Ryan Hahn's picture

Gearing up for the G20 summit on April 2, World Bank President Robert Zoellick made a speech this morning in London on the growth outlook for the developing world and what the G20 can do about it. Prospects look dim - newly released forecasts from the World Bank project growth of 2.1 percent in the developing world in 2009.

Remittances to East Asia & Pacific expected to fall by 4 to 7.4 percent in 2009

James I Davison's picture

As jobs become fewer and income harder to come by for immigrants in developed countries, the amount of money they send back home, known as remittances, is expected to fall this year more than previously expected. The Bank's Migration and Remittances team announced the latest outlook last week on its People Move blog: "We now expect a sharper decline of 5-8 percent in 2009 ... compared to our earlier projections," wrote economist Dilip Ratha, who leads the team.

While the steepest drops in remittances are expected for Europe and Central Asia – down 10-12 percent – countries in the East Asia and Pacific region are also forecasted to fall by 4-7.5 percent in 2009. Two of the world's biggest recipients of remittances are China, which received $34 billion in 2008, and the Philippines, which saw $18 billion last year. Other big receipients in East Asia include Indonesia, Vietnam and Thailand, according to the Bank's Migration & Remittances Factbook 2008.

Quote of the Week

Sina Odugbemi's picture

'There can be no public without full publicity in respect to all consequences which concern it.  Whatever obstructs and restricts publicity, limits and distorts public opinion and checks and distorts thinking on social affairs.  Without freedom of expression, not even methods of social inquiry can be developed.  For tools can be evolved and perfected only in operation; in application to observing, reporting and organizing a

South Asia Regional DM Grant Competition - Deadline Extended

Aaron Leonard's picture

 

The closing date for submission of proposals for the SAR Development Marketplace on Nutrition has been EXTENDED UNTIL APRIL 14, 2009!
 
Note that proposals must be submitted online. For more information about the competition, visit the SAR DM on the web at http://www.worldbank.org/nutritiondm2009.

African bloggers make some noise

Ryan Hahn's picture

Can blogging transform societies? More provocatively, can it speed up the process of development? We're about to find out: the African Bloggers Conference will be taking place in Nairobi this August. This will be the first of what the organizers are hoping will become an annual event. And they're looking for sponsors. Hello, Bill Gates?

If Force and Incentives Fail...Then What?

Sina Odugbemi's picture

As one observes the practice of policy in many contexts - including policy responses to the current global financial crisis - it is amazing to see how many expert advisers still see policy making and policy execution as a matter of command or the crude manipulation of incentives. Force relies on the coercive powers of the state: if you want citizens or groups of them to do something simply insist on compliance, and deploy the full apparatus of state power. Failing that, you manipulate incentives, especially financial incentives and citizens will fall in line. Expert systems are comfortable with either approach because each is something they understand and can easily deploy. And, to be fair, you can make and introduce policies by using force or manipulating incentives. Then you wait and see how far those approaches take you. But there is one big lesson coming out of policy studies: force and the manipulation of incentives can only take you so far.

Short video clip on the impact of a nickel mine in Tanjung Buli, Indonesia

Tony Whitten's picture

On the trip back to the base of PT Weda Bay Nickel after our two days in the Aketajawe-Lolobata National Park, we flew over the operating nickel mine at Tanjung Buli owned by publicly listed PT Aneka Tambang, but which has been operated since the opening in 2001 by a subcontractor.


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