The future is unpredictable and yet, from time to time, we must take stock of what we accomplished and where we are heading. Over the past decade, better policies and rising integration with the global economy have pushed growth in South Asia upwards. By 2007, the peak year just before the global financial crisis, the region’s GDP growth had reached nearly 9 percent a year (just slightly behind East Asia’s). This growth acceleration extended to all the countries of the region.
The global financial crisis took South Asia’s growth down by about 3 percentage points (from 8.6% in 2007 to 5.6% in 2009). This was the smallest growth decline among all regions of the world and the prospective recovery is already underway. The World Bank expects GDP growth to recover to nearly 7 percent per annum on average in 2010-2011.
Dipak Dasgupta, a Lead Economist at the World Bank, points to four key factors that have cushioned South Asia’s growth decline during the crisis and are helping in the strong recovery.
(1) Remittances held up much stronger in South Asia than in other regions. In Nepal, the reliance on remittances is the highest, and without these flows, growth in consumption would have collapsed.
(2) The resilience of some key export-oriented sectors also helped. Garments in Bangladesh and IT software exports from India, for instance, have held up relatively well.
Conflict affected young girl in a resettled village supported by the NEIAP project, Vavuniya, Sri Lanka
So Australia is huffed that they have fallen behind South Africa and Sri Lanka, not in cricket ICC rankings but in the annual Global Gender Gap Index released a month or so ago. How ignominious to fall behind their cricketing rival, Sri Lanka, who in terms of development is a minion—far behind Australia.
The Australian Council of Trade Unions wailed “Australian employers must do more to encourage women’s participation in the workforce and close the gender pay gap.“
The Global Gender Gap report hardly made any waves here. This year, Sri Lanka has slipped 4 places to 16th place. However, the report says Lanka’s overall performance in 2008 has improved relative to 2007. “Sri Lanka continues to hold a privileged position of having the best performance in the region regarding political empowerment,” said the report. Sri Lanka was ahead of Spain (17), France (18), Australia (20) and U.S.A. (31).
So are we Sri Lankan women more prosperous and hold more equal position at the workplace than the Sheila’s in Oz?
One of the most extraordinary examples of the use of economic principles comes from the beginning of the 19th century, when England used to send a huge number of prisoners to Australia. The government originally paid the ship captain a pre-determined amount for each prisoner that boarded the ship, but half of them would die during the journey. In 1862, Edwin Chadwik, knowing that people respond to incentives, told the U.K. government to pay captains according to the number of prisoners that actually disembarked in Australia. With this adjustment, the survival rate increased from 50% to 98.5%.
This example illustrates how incentives can do wonders in some circumstances. Yet, human actions are not always guided by the same calculations made by a profit maximizing ship captain. Behavioral economists have emphasized that we respond to a deep ingrained sense of fairness. Culture and values are crucial in understanding human behavior and promoting healthy and stable societies.
“South Asia continues to grow rapidly and its largest economy, India, is close to becoming a Tiger.”
Sadiq Ahmed and I were inspired to author Accelerating Growth and Job Creation in South Asia when we were asked by the South Asia Chamber of Commerce, SAARC Business Conclave, FICCI, and a number of policy makers, local research institutes, and CEOs to come up with a strategy on what can be done by South Asian countries to accelerate growth and job creation. So we invited the world’s leading scholars to apply their talents to understanding the economies of South Asia. This gave birth to the book.
It is organized along three themes—an overview of South Asia’s growth opportunities and challenges; sources of growth and policies for the future; and the significance of regional cooperation in promoting growth. The essays combine quantitative data with analytical rigor to provide innovative suggestions in terms of policies and institutions that can propel South Asia towards higher growth, while promoting inclusiveness.
The World Bank released its Data Visualizer tool last week, which compares 209 countries through the lens of 49 development indicators utilizing data ranging from 1960 to 2007. Using three dimensional bubbles whose sizes are proportional to populations and are color coded to the different regions (purple represents South Asia), they move horizontally or vertically based on their achievements on a number of indicators that range from GDP per capita to the percentage of children that are inoculated against measles.
Users will find similarities with the groundbreaking Gapminder World tool that Swedish Health Professor Hans Rosling first presented to the TED Conference in 2006. He concluded that the world is converging and that old notions of contrasting developed country (generally small families and long lives) with developing country (large families and short lives) to be grossly out of date.
“Responsible Actions”, “Scientific Thinking” and “Partnerships to Mitigate and Adapt to Climate Change”…. These are some phrases from my loot bag of thoughts taken away from the World Congress of Environmental Journalists organized by the Asia Pacific Forum of Environmental Journalists in Colombo. The theme of this Congress was “Educate to End Climate Poverty” – Copenhagen Summit and Beyond…..
So what does this really mean to me? I learnt that I am much to be blamed for these changes that are taking place in the climate than any other person, organization or country that is blamed for contributing to this change whether deliberate or not. I felt that all participants in the forum learnt that when they point one finger at someone or a group to blame, they are actually pointing three fingers in the direction of his or herself. I learnt that it’s time to STOP BLAMING and START ACTING.
Earlier this summer, Pakistan defeated Sri Lanka to win the Twenty20 Cricket World Cup. Like any triumph in an international competition, there was a great sense of national pride, this time coming in a country with great need for such a unifying force. But, as Tunku Varadarajan wrote, the victory was much more than just a boost to national morale:
“As Pakistan fights for its survival against the barbarian Taliban…its people find themselves possessed of a weapon with which to vanquish the forces of darkness. I speak here not of drones or tanks or helicopter gunships, but of the glorious game of cricket.”
This is a powerful concept: that cricket is a key weapon needed to defeat the “darkness” imposed by extremism in Pakistan. But why limit ourselves to discussing the power cricket possess to fight the Taliban? What about the effects all sports have to instill happiness, empowerment, and hope in people? Could using sports for development be an unconventional tactic for the fight against poverty?
Protectionism is on the rise all over the world, thanks or should we say “no thanks” to the global economic crisis. Last November, G-20 leaders pledged to fight protectionism. Yet, according to the World Trade Organization (WTO), 18 out of these 20 economies have since taken measures to restrict trade. With the global economy struggling to recover, political pressures demanding protection from import competition to sustain domestic employment are intensifying. It is likely to prove right the old adage that the only thing we learn from history is that we never learn from history. One lesson from the experience of the 1930s that is currently most relevant is that raising trade barriers deepens and prolongs recession.
The Central Board of Secondary Education (CBSE) schools in India has just announced a mobile phone ban, echoing similar calls in many other places (from Sri Lanka to South Korea, from the UK to the Philippines to France) to restrict student access to what are often seen as 'devices of distraction'.
Why then will the World Bank will be kicking off a study next month looking at "The Use of Mobile Phones in Education in Developing Countries"?
For more information on the Nutrition Development Marketplace, please see the accompanying Feature Story and Press Release
The year was 1975. I was a final year medical student in Pondicherry, South India. I was going for my practical test on Preventive and Social Medicine (PSM). PSM was (and probably still is) one of the least favorite subjects in the medical curriculum for most students. “Why should we prevent diseases? If we prevent all diseases what will we all do with our medical degrees? Isn’t that professional suicide?” asked one of my class-mates! But I digress. Coming back to the test, I was unusually nervous because I had not studied everything well. For some reason, one chapter that I did study the night before was nutrition. I had also volunteered for two months in a Nutrition Rehabilitation Center (NRC) which meant that it was one chapter that I was more confident about. As my luck would have it, every single question that the examiner asked me that day was on nutrition! I blasted my way through the test, and thanked my stars for that exceptional bit of good fortune. From that day, nutrition has always been close to my heart.
The NRC is a somewhat outdated concept nowadays. The idea was to have a malnourished child and mother live for a month in the NRC and learn good household behaviors that could result in better nutritional outcomes.
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The future is unpredictable and yet, from time to time, we must take stock of what we accomplished and where we are heading. Over the past decade, better policies and rising integration with the global economy have pushed growth in South Asia upwards. By 2007, the peak year just before the global financial crisis, the region’s GDP growth had reached nearly 9 percent a year (just slightly behind East Asia’s). This growth acceleration extended to all the countries of the region.
One of the most extraordinary examples of the use of economic principles comes from the beginning of the 19th century, when England used to send a huge number of prisoners to Australia. The government originally paid the ship captain a pre-determined amount for each prisoner that boarded the ship, but half of them would die during the journey. In 1862, 
“South Asia continues to grow rapidly and its largest economy, India, is close to becoming a Tiger.”
The World Bank released its 
“Responsible Actions”, “Scientific Thinking” and “Partnerships to Mitigate and Adapt to Climate Change”…. These are some phrases from my loot bag of thoughts taken away from the World Congress of Environmental Journalists organized by the Asia Pacific Forum of Environmental Journalists in Colombo. The theme of this Congress was “Educate to End Climate Poverty” – Copenhagen Summit and Beyond…..
Earlier this summer, Pakistan defeated Sri Lanka to win the Twenty20 Cricket World Cup. Like any triumph in an international competition, there was a great sense of national pride, this time coming in a country with great need for such a unifying force. But, as 
Protectionism is on the rise all over the world, thanks or should we say “no thanks” to the global economic crisis. Last November, .jpeg)
The Central Board of Secondary Education (CBSE) schools in India has just announced a 
For more information on the Nutrition Development Marketplace, please see the accompanying