Natural resources management, particularly in the extractives industry, can make a meaningful contribution to a country’s economic growth when it leads to linkages to the broader economy. To maximize the economic benefits of extractives, the sector needs to broaden its use of non-mining goods and services and policymakers need to ensure that the sectors infrastructure needs are closely aligned with those of the country’s development plans.
In Africa, especially, mining and other companies that handle natural resources traditionally provide their own power, railways, roads, and services to run their operations. This “enclave” approach to infrastructure development is not always aligned with national infrastructure development plans.
The World Bank’s Governance Global Practice (GGP) is integrating its approach to address technical and political constraints to effective public procurement in Cameroon.
In efforts to boost efficiency and integrity in public spending, the Government of Cameroon created the Ministry of Public Procurement (MINMAP), the first of its kind in the world, to take responsibility for providing oversight to public contract procurement and management. It is also in charge of executing high value contracts on behalf of all sector ministries and designing public procurement policies and capacity development strategies in partnership with the pre-existing public procurement regulatory body (ARMP).
Shanta: Jishnu, your blog post and mine on cash transfers generated a lot of comments. Some people argued that giving poor people cash will not “work” because they will spend it on consumption rather than on their children’s education, which is something we care about. What do you have to say to that?
Jishnu: I don’t think the question “does giving cash to poor people work?” is well-defined. It can only be answered in the negative if we (the donors who give the cash) impose our preferences and judge what poor people spend on relative to those preferences. But if we give poor people cash so they will be better off, then—by definition—they are better off, regardless of how they choose to spend the extra money.
- In the Washington Post – Jay Matthews discusses a 10,000 student experiment measuring the value of field trips – conclusion is they encourage critical thinking
The world is fast. The three biggest forces on the planet—globalization, Mother Nature, and Moore’s Law (the exponential growth of computing power and, so, of digitalization)—are all surging so fast at the same time that the most critical challenge for the planet now is knowing how to plan for them.
These are some of the views and reports relevant to our readers that caught our attention this week.
How Information Flows During Emergencies
MIT Technology Review
Mobile phones have changed the way scientists study humanity. The electronic records of these calls provide an unprecedented insight into the nature of human behaviour revealing patterns of travel, human reproductive strategies and even the distribution of wealth in sub-Saharan Africa. All of this involves humans acting in ordinary situations that they have experienced many times before. But what of the way humans behave in extraordinary conditions, such as during earthquakes, armed conflicts or terrorist incidents? READ MORE.
‘Fragile Five’ Is the Latest Club of Emerging Nations in Turmoil
The New York Times
The long-running boom in emerging markets came to be identified, if not propped up, by wide acceptance of the term BRICs, shorthand for the fast-growing countries Brazil, Russia, India and China. Recent turmoil in these and similar markets has produced a rival expression: the Fragile Five. The new name, as coined by a little-known research analyst at Morgan Stanley last summer, identifies Turkey, Brazil, India, South Africa and Indonesia as economies that have become too dependent on skittish foreign investment to finance their growth ambitions. The term has caught on in large degree because it highlights the strains that occur when countries place too much emphasis on stoking fast rates of economic growth. READ MORE.
|The World Bank just published its January 2014 Commodity Outlook. With the exception of energy, all the key commodity price indices declined significantly in 2013. Fertilizer prices led the decline, down 17.4 percent from 2012, followed by precious metals (down almost 17 percent), agriculture (-7.2 percent), and metals (-5.5 percent).|
On January 16, the World Bank welcomed a delegation from the Organisation for Economic Cooperation and Development (OECD), led by Andrew W. Wyckoff, the director of the OECD's Directorate for Science, Technology and Industry (DSTI). Over the past two years, the World Bank Group and the OECD have developed a strong partnership as part of our effort to build the Innovation Policy Platform (IPP). The OECD delegation's visit took place within the framework the launch the IPP, which included a stimulating conference on inclusive innovation with MIT's Scott Stern as the keynote speaker. This post by Andrew W. Wyckoff, on the importance of public research commercialization to innovation, was originally published on the "OECD Insights" blog.
Do you know what FedEx, the well-known overnight shipping company, and Dell Computers, a multinational technology company, have in common? Both firms’ core business ideas were developed by young student entrepreneurs. There are many other stories out there illustrating that universities and other public research institutions (PRIs) are a major source of innovations.
In searching for new routes to growth, policymakers around the globe invest high hopes in public research. A premium is being placed on the contributions of public research to the creation of new knowledge capital. The way universities and PRIs operate is also changing, including notably the mechanisms and terms on which universities and PRIs are engaging with business and society. We also see that innovation is becoming more open and collaborative, and that knowledge circulates more quickly and more freely than ever. This inevitably has impacts on the commercialisation of public research.
There is a self-interested economic logic that often holds true for political questions relating to climate change. As reflected in the poll of public attitudes toward climate change commissioned by the WDR and published last month, citizens of the poorest countries—those most vulnerable to the physical impacts of climate change—are much more likely to rate climate change as “very serious” than are citizens of high-income countries, who possibly perceive themselves as less vulnerable. The shares ranking climate change as a very serious problem were: U.S. 31%, Japan 38%, and France 43%, in contrast to Senegal 72%, Kenya 75%, and Bangladesh 85%.
Yet, while the livelihoods of a fisherman in Senegal, a pastoralist in Kenya, and a rice farmer in Bangladesh’s delta might be the most immediately vulnerable to climate change, it’s worth noting that the assets of an insurance company on the U.S.’s Gulf Coast, a real estate investor in Japan, and a champagne-producing giant in France are vulnerable too.
The World Bank has been working with the government of Lao PDR to better integrate the country into the regional and global economy since 2006. As the only landlocked country in Southeast Asia, Lao PDR faces a number of barriers to trade. Since beginning to implement reforms in 2008, the country has seen marked improvements in a number of key areas -- culminating in Lao PDR's formal ascension to the WTO last year. The Trade Post spoke with Richard Record, a senior economist based in the Lao PDR country office, about the video. Here's what he had to say...