With all the evidence on what microcredit doesn't do, Dave Evans summarizes new work from Burke, Bergquist, and Miguel on how microcredit to farmers at harvest time in Kenya can yield high profits. When many farmers receive the loans, the profits fall but benefits to non-borowers rise as the price fluctuations in the market are reduced.
Let’s start with the perennial question on whether cash transfers affect work incentives… the answer is yes but not by much. A review by Baird et al shows that programs tend to result in little or no change in adult labor decisions. The exceptions are adults living with seniors receiving pensions and on select refugee programs (although to a limited extent and in risky locations). Check out tables 1 and 2 (p.26-27) for handy summaries of the evidence. Similarly, Daidone et al. found significant impacts of the Zimbabwe Harmonized Social Cash Transfer Program on beneficiary agricultural activities, the share of households owning livestock, and non-farm enterprises.
Sun or rain? Most of us rely on the daily weather forecast to know what to wear or whether to bring an umbrella. However, for millions of people living in flood prone areas, timely and accurate forecasts, as well as early warning, can impact more than just clothing choices –they can help minimize flooding impacts.
Floods are the most frequent and damaging among natural hazards. Between 1980 and 2016, floods led to economic damages exceeding US$1.6 trillion, and more than 225,000 people losing their lives. Compounded by rapid urbanization and climate change, these losses will likely increase, especially in fast-growing countries.
It has now been more than five months since the last case of female murders was reported in Entebbe.
Between July and September 2017, 23 women were brutally attacked, battered, raped and murdered by strangulation. Wooden sticks were found inserted in their private parts, each left for dead in the cold town near Lake Victoria, and with them - a wake of fear among women across the country. By the 17th murder, former Inspector General of Police, Kale Kayihura, broke the silence by blaming the murders on jilted lovers, arresting 44 murder suspects and charging 22 in courts of law.
Technology is transforming transport with a speed and scale that are hard to comprehend. The transport systems of tomorrow will be connected, data-driven, shared, on-demand, electric, and highly automated. Ideas are moving swiftly from conception, research and design, testbed to early adoption, and, finally, mass acceptance. And according to projections, the pace of innovation is only going to accelerate.
Autonomous cars are expected to comprise about 25% of the global market by 2040. Flying taxis are already tested in Dubai. Cargo drones will become more economical than motorcycle delivery by 2020. Three Hyperloop systems are expected by 2021. Maglev trains are already operating in Japan, South Korea, and China, and being constructed or planned in Europe, Asia, Australia, and the USA. Blockchain technology has already been used to streamline the procedures for shipping exports, reducing the processing and handling times for key documents, increasing efficiency and reliability,
How has your life changed for you compared to your parents or grandparents when they were your age? How do you see your children’s lives and possibilities compared to your own? To find out we’ve kicked off a social media campaign to highlight the issue of intergenerational mobility. And we invite you to take part in the #InheritPossibility campaign and share your stories.
Solar power is experiencing a surge in popularity across the globe. It prevents carbon emissions, helps diversify the power generation mix, reduces dependence on fossil fuels, and can increase off-grid energy access.
With falling costs of solar photovoltaic (PV) technology, advancing storage technology, and grid integration, prices for solar PV electricity have been falling rapidly around the world and solar is now in many countries price competitive with traditional energy sources and has become particularly attractive for developing countries.
Financial inclusion is on the rise globally. The third edition of the Global Findex data released last week shows that worldwide 1.2 billion adults have obtained a financial account since 2011, including 515 million since 2014. The proportion of adults who have an account with a financial institution or through a mobile money service rose globally from 62 to 69 percent.
Why do we care? Having a financial account is a crucial stepping stone to escape poverty. It makes it easier to invest in health and education or to start and grow a business. It can help a family withstand a financial setback. And research shows that account ownership can help reduce poverty and economically empower women in the household.
This study is a mix, but it tips toward the positive for Australia’s approach to security, politics, and development. It features several countries of high interest to Australia, such as Indonesia, the Philippines, and Timor Leste. Even Bougainville rates an instructive mention, although Solomon Islands is not discussed. Subnational conflict and middle-income country dynamics are certainly considered in a general sense. Predictably, though, African and Middle Eastern experiences are more prominent, given they are in many cases acute, high profile, and the destination of much conflict or peacebuilding support and political interest of UN and World Bank members.