Editor's Note: This blog draws on the forthcoming article “New Trade Regionalism in Asia: Looking Past the Sino-American Great Game," written by Swarnim Wagle, to be published in the Global Emerging Voices 2013 Working Papers.
Negotiations over one of history’s most ambitious trade deals have taken another step towards defining the future of Trans-Pacific trade.
The latest round of discussions on the Trans-Pacific Partnership (TPP) wrapped up this past weekend in Salt Lake City, Utah. Negotiators are believed to have made headway on a number of thorny issues, clearing the way for ministerial talks to be held in Singapore, Dec. 7-10.
The TPP will draw together 12 countries dotting the perimeter of the Pacific—Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. But it’s the United States’ efforts to spearhead the talks that have attracted the most attention. Concerns over a lack of transparency and the intrusive scope of the agreements’ provisions into national policymaking have led many to question its objective.
- Brunei Darussalam
- New Zealand
- United States
- East Asia and Pacific
- Europe and Central Asia
- Latin America & Caribbean
- The World Region
- Global Economy
- Information and Communication Technologies
- Law and Regulation
- TTIP. Trans-Pacific Partnership
- Agricultural Subsidies
- Free Trade
Join me in a Twitter Chat on why global food prices remain high on Dec. 4 at 10 a.m. ET/15:00 GMT. I'll be tweeting from @worldbanklive with hashtag #foodpriceschat. Ask questions beforehand with hashtag #foodpriceschat. Looking forward to seeing you on Twitter.
Today there are 842 million who are hungry. As the global population approaches 9 billion by 2050, demand for food will keep increasing, requiring sustained improvement in agricultural productivity. Where will these productivity increases come from? For decades, small-scale family farming was widely thought to be more productive and more efficient in reducing poverty than large-scale farming. But now advocates of large-scale agriculture point to its advantages in leveraging huge investments and innovative technologies as well as its enormous export potential. Critics, however, highlight serious environmental, animal welfare, social and economic concerns, especially in the context of fragile institutions. The often outrageous conditions and devastating social impacts that “land grabs” bring about are well known, particularly in severely food-insecure countries.
So, is large-scale farming—particularly the popularly known “super farms”—the solution to food demand challenges? Or is it an obstacle? Here are the 10 key questions you need to ask yourself to better understand this issue. I have tried to address them in the latest issue of Food Price Watch.
- food security
- food price watch
- super farms
- South Asia
- United States
- United Kingdom
- Trinidad and Tobago
- Russian Federation
- Congo, Democratic Republic of
Can’t we just grow out of our poverty problems? Truth be told, a large part of the reduction in poverty observed in the last decade is attributed to growth. And the correlation between growth and income growth of poor is very high: According to a recent paper by David Dollar and co-authors, incomes of the poor increase on average at a similar rate as incomes of the whole population. For many years the mantra has been that economies should grow, and with that poverty will fall. Look at China, fast growth and voila – dramatic and sustained poverty reduction. Look at Chile – many years of sustained growth have led to an extreme poverty rate in the single digits.
SHANGHAI, China, Sept. 17 -- I'm standing in front of a building at Linkong International Garden that has solar panels on the outer walls and rooftops, geothermal heat pumps, and online energy management. This is part of the front line of the fight against climate change, and Shanghai is helping to lead the way in making sure rapid urbanization involves a wide array of clean technologies. Watch the video to learn more.
Today (September 16) is International Ozone Day. This day offers the international community the opportunity to laud the achievements of the Montreal Protocol on Substances that Deplete the Ozone Layer. Since 1987, the Protocol has worked to reduce the production and consumption of ozone-depleting substances (ODS), man-made industrial chemicals that damage the earth’s ozone layer.
Yet, as has become clear over the past few years, International Ozone Day is about more than just successful ozone layer protection. Given that many substances that deplete the ozone layer also have global warming potential (GWP), the transition to the use of substances with lower or no GWP has contributed important climate co-benefits over the years. As a result, the Protocol’s agenda has increasingly focused on cross-cutting themes linked with climate mitigation and energy efficiency. From both ozone and climate perspectives, the Protocol is widely recognized as a success.
The World Bank–China Montreal Protocol partnership is a testament to this success. Over the past two decades, it has phased-out more than 219,000 tons of ozone depleting substances from sectors as varied as refrigeration, air-conditioning, foam manufacturing, aerosol production, and fire extinguishing. Since these substances have GWP, the phase-out also avoided the equivalent of 885 million tons of carbon dioxide (CO2) or having the effect of taking 184 million cars off the roads.
Many countries use trade policy to protect their own consumers from spikes in international food prices. It turns out that this well-intentioned practice can actually do more harm than good. During food price spikes -- such as those in mid-2008, early 2011 and mid-2012 – governments restricted the export of food staples or lowered barriers to importing them. They hoped to keep their domestic prices of rice, wheat, maize, and oilseed low, reasoning that this would help their poor and stop people from falling into poverty. But there is new evidence that, while the practice kept each country’s domestic prices down relative to the world prices at the time, it contributed to the higher international prices that were the source of concern. In a World Bank Policy Research Working Paper, “Food Price Spikes, Price Insulation, and Poverty,” we explore this phenomenon and find that it did not reduce global poverty in 2008. On the contrary, we estimate it may have increased poverty slightly (by 8 million people).
Inspired. That's how I felt after reading Profiles in Blogging, a new report published by the Center for International Media Assistance that examines how bloggers around the world practice their craft. Christopher Connell, an independent writer, editor, and photographer who was also former bureau chief for the Associated Press in Washington, provides a window into the experience of eight bloggers from Nepal, Saudi Arabia, Cambodia, Ghana, Yemen, Philippines, China, and Cuba. He provides an interesting narrative about each blogger, noting their important role in filling information gaps and their evolution into influential bloggers. He also examines how these bloggers find their audiences, the obstacles they face in practicing their craft, and, most inspiring (as least in my view), what motivates them.
Energy is essential to heat homes and cook meals. It is needed to deliver proper health care in hospitals and to teach children. It is essential for economic growth and development and for powering industries, farms and businesses. It is at the heart of any effort to make a better life possible for people all over the world, in particular for the world’s poorest.
“You are moving from a continent that, 20 years ago, had a small and very wealthy top and a broad base of poverty with no middle market, to one that is developing one of the largest mass markets in the world – Africa will be the equivalent of China.”
- Ariane de Rothschild, Vice-Chairman of Edmond de Rotschild.