The World Bank’s conference on “The State of Economics, the State of the World” was an opportunity to take stock of the emergence of new paradigms for understanding economic development. Following Ken Arrow’s talk on the history of the neoclassical model and Shanta Devarajan’s comments on this model’s centrality in the Bank’s work, I had the opportunity to discuss two paradigms of how individuals make decisions that have recently emerged in economics, drawing on psychology, sociology, and anthropology.
Translations available in Chinese and Spanish.
Many of you are already familiar with the PPP (Public-Private Partnerships) Group’s Private Participation in Infrastructure (PPI) Database. As a reminder for those who aren’t, the PPI Database is a comprehensive resource of over 8,000 projects with private participation across 139 low- and middle-income economies from the period of 1990-2015, in the water, energy, transport and telecoms sectors.
We recently released the 2015 full year data showing that global private infrastructure investment remains steady when compared to the previous year (US$111.6 billion compared with US$111.7 the previous year), largely due to a couple of mega-deals in Turkey (including Istanbul’s $35.6 billion IGA Airport (which includes a $29.1 billion concession fee to the government). When compared to the previous five-year average, however, global private infrastructure investment in 2015 was 10 percent lower, mainly due to dwindling commitments in China, Brazil, and India. Brazil in particular saw only $4.5 billion in investments, sharply declining from $47.2 billion in 2014 and reversing a trend of growing investments over the last five years.
- private sector
- Private Sector Development
- Global Economy
- Financial Sector
- The World Region
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
- El Salvador
In a world of slow growth and very low interest rates in most major economies, there is increasing interest in infrastructure development. Building quality infrastructure helps spur economic activity and jobs in the short term and expand countries’ capacity and potential growth in the medium term. It also contributes to higher confidence levels — a key ingredient to macroeconomic stability.
Today, the private sector still provides only a small share of the total investment in infrastructure for emerging markets, despite the importance of private operators in many countries, especially where there are strong fiscal constraints to financing public investment.
María is a single mother with two young children who spend about five hours a day in school. Since she has a full time job, it’s a challenge for her to care for them and not lose her only source of income. This may be a hypothetical situation but it’s replicated, every day, in many countries in Latin America that have a reduced school day.
In Latin America, several countries – Chile, Colombia, Uruguay, and Brazil – have introduced programs to lengthen the school day. The goal: to improve student learning, reduce student dropouts, and to ultimately shrink income inequality.
As a young scientist, I travelled to the Brazilian Amazon to research forest fires. After weeks of talking to rural producers, rubber tappers, indigenous peoples and cattle ranchers, I realized that I had to think beyond conservation science and climate change implications to understand the Amazonian landscape. The nexus between people and the rainforest was also important. I came away wanting to help ensure that the value of forests to people, and the value of people to forests remained closely linked and well-recognized.
The loss of biodiversity—which is driven by rapid conversion of habitats and landscapes, the depletion of ocean fisheries, and climate change—is not new. But concern for how to decrease the loss of biodiversity is. We are no longer just scientists and conservationists. The international community now makes the loss of biodiversity central to the global political debate: nations have the responsibility to protect natural assets.
When the word “Amazonas” is mentioned, what do you think of? Mythical rainforests and winding rivers? The “lungs of the world”? A center of procurement excellence in the Brazilian federation?
Blog #1: Five key drivers of reducing poverty in India
India is uniquely placed to drive global poverty reduction. The country is home to the largest number of poor people in the world, as well as the largest number of people who have recently escaped poverty. Despite an emerging middle class, many of India’s people are still vulnerable to falling back into poverty.
Over the next few weeks, this series will look back and analyze publicly available data to better understand what has driven poverty reduction from the mid-1990s until 2012, and the potential pathways that can lead to a more prosperous India. Since it is clearly not feasible to elaborate on all the myriad pathways out of poverty available to India, we focus on a few key themes that the diagnostics show to be of particular relevance to the country. We hope this series will contribute to the ongoing discussions on how poverty can be eliminated from India.
We are thankful to the Indian Express for partnering with us in disseminating this series to its readers.
In Nepal, indigenous groups produced a range of training materials, including videos in local languages on forests and climate change, to help more than 100 women and community leaders in the Terai, Hill and Mountain areas better understand what terms like ‘mitigation and adaptation strategies for climate resilience’ mean for them in their daily lives.
A team of consultants in Kenya, who are members of indigenous communities with an understanding of regional politics and geographical dynamics, worked on increasing community involvement in sustainable forest management through workshops and face-to-face meetings. As part of their work, they collected information on land tenure status within indigenous territories, which will help the country prepare a national strategy for reducing emissions from deforestation.
- Dedicated Grant Mechanism
- Forest Investment Program
- capacity building
- UN Permanent Forum on Indigenous Issues
- sustainable forest management
- Forest Carbon Partnership Facility
- land use
- climate investment funds
- climate resilience
- Climate adaptation
- climate mitigation
- Indigenous Communities
- Indigenous Peoples
- Climate Change
- Latin America & Caribbean
- Congo, Democratic Republic of
- Burkina Faso
- Sustainable Communities