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Davos 2013: A Thief Stealing Bells Is Not an Optimist

Kevin Lu's picture

For the past five years, the participants to the Annual Meetings of the World Economic Forum (WEF) have gathered in Davos to discuss urgent global crises the world was facing: subprime lending, the credit crunch, banking, Greece, the euro zone’s woes, and so on. Soul-searching about the political and economic status quo ensued. This year, with leadership transitions in the two largest economies completed, the euro zone no longer facing imminent break-up, and China growing at 7.8%, Davos resumed some normalcy. Some even claimed optimism.

Some of the optimism is based on the growth prospects in Asia and China. For the past five years, while Europe has not grown at all, Chinese GDP has grown 60%. In this year’s Davos, there were no fewer than five public sessions on China, with topics ranging from its rapid growth, transformation of its growth model, and emergence of its soft power. Interests in Asia are high.

Longreads: Black Carbon, Combating Violence Against Women, Global Trends 2030, Boomtown Slum

Donna Barne's picture

Find a good longread on development? Tweet it to @worldbank with the hashtag #longreads.

 

LongreadsSatellite images of Beijing’s smog have been popping up on Twitter and blogs as the city suffers shockingly high air pollution levels. Some bloggers point out Beijing’s black skies aren’t so different from pre-1960s London or Pittsburgh in their industrial heyday. Even so, a new study warns that the heat-trapping effect of “black carbon,” or soot, is second only to CO2. Yale’s Environment 360 explains why cutting it could “go a long way to slowing climate change.” Check out cities with high air pollution levels in the Guardian’s data visualization showing exposure to outdoor air pollution, mapped by city.


(Source: Guardian)

Concern over the brutal and fatal rape of a young woman in India continues to grow. Former UK Prime Minister Gordon Brown highlights a global online petition that has attracted more than a million signatures in “Without frontiers, young people mobilize for change.” On Twitter, plans for a February 14 worldwide event to raise awareness about violence against women are being spread using hashtag #1billionrising, For an academic read on the issue, check out a recent study, linked below, on combating violence against women, covering 40 years and 70 countries. It finds that the “mobilization of feminists…is the critical factor accounting for policy change.” What will the world be like 17 years from now? A new report by the National Intelligence Council -- Global Trends 2030 (pdf) -- is sparking interest. Harvard University Distinguished Service Professor Joseph S. Nye offers his take on the report’s “gamechangers” and megatrends. One key trend—urbanization—is keenly felt in Nairobi. The city’s Kibera slum is a place where “government is absent,” and where the economy is booming and incomes are rising, according to the Economist, adding it “may be the most entrepreneurial place on the planet.

Prospects Daily: Global stock markets rallied on Friday

Financial MarketsGlobal stock markets rallied on Friday, with the benchmark MSCI world equity index hitting a 20-month high level of 552.16, as positive economic data from the two world’s largest economies boosted market sentiment. Along with robust U.S. labor and housing market reports, China’s better-than-expected fourth-quarter GDP growth (y/y), buoyant industrial production and retail sales figures added to signs that the global economic recovery is gaining traction.

#2 from 2012: Media (R)evolutions: Global Internet Use

Kalliope Kokolis's picture

Our Top Ten Blog Posts by Readership in 2012

Originally published on April 4, 2012

New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.

Webinar Jan. 10: Urbanization Along the Waterfront

Parul Agarwala's picture

Riverfront as cultural center, IndiaHistorically, cities and civilizations have flourished along water bodies, which not only served as important transportation corridors to spur economic activity and trade, but also as prominent public spaces for religious and cultural interaction. Today, while a large number of cities have turned away from this important natural resource, many have reclaimed and transformed their waterfronts into thriving economic engines and nodes of social activity. Can cities redefine their relationship with water while managing challenges of rapid urbanization?

The World Bank’s South Asia Sustainable Development Unit, in collaboration with East Asia Pacific Sustainable Development Unit, is organizing a webinar on waterfront development to discuss different dimensions of waterfront initiatives and tools for a sustainable regenerative economic environment.

Prospects Daily: Euro Area services PMI rises; Brazil’s industrial production slows; Philippines’ 2012 inflation improved

Financial Markets…The Standard & Poor’s 500 Index added 0.1% in Friday morning trade and the dollar weakened 0.2% versus the euro after a U.S. Labor Department report showed a slightly slower than expected employment growth in December. The S&P500 has advanced 4.1% this week, gearing for its largest weekly gain in 13 months.

Prospects Daily: Global equities decline after US budget talks stall and US consumer confidence falls

The Prospects Daily will be on Winter recess and will resume on

Wednesday January 2nd, 2013.

Prospects Weekly: Flows into the bond and equity funds of developing countries rallied in the second half of this year

Flows into the bond and equity funds of developing countries rallied in the second half of this year amid stabilization of financial markets and quantitative easing in high income countries.

Prospects Daily: Australia and Uganda cut policy rate, Brazil’s industrial production accelerates

Financial Markets… The euro rose to a six-week high against the dollar, appreciating to $1.3077, and Europe’s benchmark stock index (Stoxx Europe 600) gained for a second day, as growing optimism over a successful Greek buyback program boosted investor sentiment. Greece started the €10 billion ($13 billion) repurchase of government bonds maturing between 2023 and 2042 on Monday.

Jim Yong Kim Visits Quake Reconstruction Sites in China’s Sichuan Province

YUNXI TOWN, Yantang County, China—More than three years after a devastating earthquake hit Sichuan Province, World Bank Group President Jim Yong Kim toured four reconstruction sites, including stops that looked at road construction, a maternal and child health center, and an economic development zone.

After talking to several villagers in Yunxi's town square, during which Kim asked residents about the earthquake and its aftermath, Kim gives his impressions from the trip in the video below.

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