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East Asia Pacific leads in seaport investments

David Lawrence's picture
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In this digital age, it’s easy to forget that there is a staggering amount of physical goods moving across the globe. Most trade—80 percent by volume—moves through seaports. Trade in developing countries makes up a good chunk of the total, and is growing fast. Handshake, IFC’s quarterly journal on public-private partnerships (PPPs), reports trade in developing countries is growing at nearly 14 percent.

And a lot of this trade is happening in Asia. In its June 21, 2012 issue, the Economist reports that the center of gravity of cargo trade is shifting from Europe to Asia. So it should come as no surprise that Asia is leading investment in seaports. Handshake reports that from 2000-2011, the East Asia Pacific region accounted for nearly $14 billion—32 percent—of private investment in seaports, mainly from China. The Philippines and Singapore are also major Asian investors in seaport projects.

Much of this investment comes through PPPs. Does this really make a difference? I’d say it does. Private sector financing and expertise make seaports and shipping more efficient. This in turn benefits emerging markets, which are becoming more and more engaged in global trade.

Could seaport investments be a predictor of future trends in trade? If so, Asia will become even more of a trade hotspot than it is today.

For further information, read Issue #6 of Handshake: Air & Sea PPPs.

ICT and rural education in China

Michael Trucano's picture

answers on how best to proceed may come in all shapes and sizesLast year on this blog, I asked a few questions (eLearning, Africa and ... China?) as a result of my participation in a related event in Dar Es Salaam where lots of my African colleagues were ‘talking about China’, but where few Chinese (researchers, practitioners, firms, officials) were present. This year's eLearning Africa event in Benin, in contrast, featured for the first time a delegation of researchers from China, a visit organized by the International Research and Training Centre for Rural Education (INRULED), a UNESCO research center headquartered at Beijing Normal University (with additional outposts at Baodin, Nanjing and Gansu). Hopefully this is just the beginning of a positive trend to open up access to knowledge about what is working (and isn’t working) related to ICT use in education in places in rural China that might more resemble certain situations and contexts in many developing countries than those drawn from experiences in, for example, Boston or Singapore (or from Shanghai and Beijing, for that matter). Establishing working level linkages between researchers and practitioners (and affiliated institutions) in China and Africa, can be vital to helping encourage such knowledge exchanges.

Prospects Weekly: Renewed concerns earlier in the week about the Greek bail-out plan

Global Macroeconomics Team's picture
Renewed concerns earlier in the week about the Greek bail-out plan and the possibility of a credit rating downgrade for several European economies drove borrowing costs up. The European Central Bank’s (ECB) announcement on Thursday to defend the Euro has helped ease concerns somewhat.

Longreads: Hope Withers With Harvest, More Fish More Money, Aging Workforces Drive Jobs to SE Asia, Mapping Toilets in Mumbai

Donna Barne's picture

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

 

Drought, food prices, and global warming remain hot topics as crops in the United States wilt under the hot sun, raising fears of another food price crisis. The Guardian chronicles the corn belt’s adverse conditions – and the implications for the rest of the world in “America’s Corn Farmers High and Dry as Hope Withers With Their Harvest.” (For a view from South Africa on the drought’s ripple effect, see Independent Online’s “US drought puts pressure on SA food prices”.) On another food supply issue, Co.exist highlights a new study on the costs and benefits of rebuilding global fisheries in “More Fish Means More Money.” The bottom line: rebuilding fisheries would begin to pay off in 12 years, the study says. The New York Times blog India Ink relates an effort to address another huge challenge—access to sanitation—in “Mapping Toilets in a Mumbai Slum Yields Unexpected Results.” Bloomberg looks at the coming demographic dividend in Southeast Asia, where young workers are expected to gain jobs as workforces age in Japan, Korea and China.

Prospects Daily: European shares and euro continue to slump

Global Macroeconomics Team's picture

Important developments today:

1. European shares and euro continue to slump as Moody’s cuts the rating outlook for Germany, the Netherland, and Luxembourg

2. Output in the Euro Area contracts for the sixth month in July

Prospects Daily: Crude oil prices fall from 9-week high

Global Macroeconomics Team's picture

Important developments today:

1. Crude oil prices fall from 9-week high

2. German producer price inflation falls to lowest in two years

Land Law Advocacy for Farmers in China

XiaoHui Wu's picture

Photo Credit: Landesa.orgEven though Chinese law offers farmers protection from land grabs, readjustments, and other confiscations, news reports paint a different picture of embattled farmers defending their land from local officials working in concert with developers. In fact, every year 3-4 million farmers lose their property to land readjustments and other forms of compulsory forfeiture in China.

Many of these farmers do not know their legal rights. According to independent surveys, fewer than 30% of farmers have heard of China’s Property Law, the most important law governing properties, and land rights. As a result fewer than 10% of Chinese farmers ever appeal to administrative and judicial institutions when their land rights are violated.

Prospects Weekly: Renewed Euro Area tensions cut into capital flows to developing countries in May and June

Global Macroeconomics Team's picture

Renewed Euro Area tensions cut into capital flows to developing countries in May and June, and prompted a sharp downturn in business sentiment worldwide. Together these developments point to slower growth in 2012Q2 and Q3, unless recent improvements in financial markets and policy steps cause business sentiment to strengthen.

Prospects Daily: Global equities move higher amid the latest EU agreement

Global Macroeconomics Team's picture

Important developments today:

1. Global equities move higher amid the latest EU agreement

2. May industrial production output mixed among major European economies.


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