Managing energy demand in a country like China, where millions of businesses and households rely on a steady supply, is definitely one of China’s greatest challenges. The thorny question is how can the country find a sustainable way to provide reliable sources of energy to such a huge and demanding market? Well, answers are starting to appear on the horizon, or rather, in the sky.
The latest bout of G3 monetary stimulus is likely to increase capital flows to developing countries, but may be limited by lingering economic uncertainty, and lower interest rate spreads. Notwithstanding the recent easing of financial market tensions, the anticipated rebound in real-side activity is lagging behind.
|The looming US “fiscal cliff” is one of the main downside risks to the global economy in 2013, with Latin America and East Asia and Pacific to be among the most affected if it materializes.|
|Noel Aspras in the Philippines says that "even the lowliest of farmers owns a cellphone now" because it has become a necessity. Watch the video below.|
When I lost my mobile phone two years ago, I felt dismembered. After all, my cellphone was constantly by my side, serving as alarm clock, calendar, and default camera for those ‘Kodak’ moments you couldn’t let pass. It was also a nifty calculator that I turned to when splitting restaurant bills with friends.
After grieving the loss of my “finger” for two days, I pulled myself together and got a new, smarter phone that allowed for faster surfing on the web, audio recording and a host of other functions that, well, made me quickly forget the lost unit. A blessing in disguise, I told myself.
So when no less than a farmer from Pagsanjan in the Philippines’ Laguna province told me that mobile phones were “no longer a luxury, but a necessity,” and added that “even the lowliest of farmers riding on a carabao (water buffalo) owns one,” I couldn’t agree more.
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The Economist’s much tweeted-about "Geography of Poverty" highlights a "poverty paradox" – that more of the world’s extremely poor people now live in middle-income countries rather than in the poorest ones. The finding comes from a new paper by Andy Sumner of the Institute of Development Studies. But the situation could change by 2025 if the number of poor people grows in fragile states, say Homi Kharas of the Brookings Institution and Andrew Rogerson of the Overseas Development Institute in the Economist. Veteran journalist Katherine Boo, author of a new book on life in a Mumbai slum, discusses the challenge of portraying poor people as individuals in the media, in an interview with Guernica in "Reporting Poverty." Big Chinese cities are starting to adopt measures with the potential to ease pollution and "improve the long-term quality of Chinese growth," according to a story in the New York Times. "A Chinese City Moves to Limit New Cars" describes, among other things, restrictions in Guangzhou expected to cut the number of cars on city streets in half. And finally, imagine vicariously smashing mosquitoes, riding a motorbike through the streets of Lagos, or remembering life in a rural village. The BBC writes about a Nigerian video game-maker who believes Africans and non-Africans alike may want to tap into the African experience through games.
The South African Institute of International Affairs (SAIIA) has taken on an exceedingly important task. It has launched a ‘China in Africa’ research project. The project ‘investigates the emerging relationship between Africa and China’ and ‘seeks to develop an understanding of the motives, rationale and institutional structures guiding China’s Africa policy, and to study China’s growing power and influence so that they will help rather than hinder development in Africa’. (p.2). The important research paper that prompted this blog post– ‘The Rise of China’s State-Led Media Dynasty in Africa’– was published in June this year by SAIIA as part of the ‘China in Africa’ research project. The author, Yu–Shan Wu, is a researcher on the team.
The report shows that China is moving into the African media landscape with a striking comprehensiveness and intensity. Wu’s report is frank and detailed. China’s efforts are designed to attain two objectives:
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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.
Last 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.
|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.|
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- tourism in devloping countries
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