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East Asia and Pacific

One year later: China’s policy stimulus results in strong 2009 economic growth, reason for optimism

Gao Xu's picture

This time last year, when the dismal 6.8% GDP growth data for China in the 4th quarter of 2008 came out, David Dollar, the former country director of China in the World Bank, asked in his blog whether one should interpret the data positively or

DM2009 Finalists Build Strong Presence on Blog

Tom Grubisich's picture

DM2009 finalists have been major participants in this blog.  Since the site re-launched on Oct. 27, 2009, 33 finalists from 25 countries have contributed 12 articles, been interviewed 14 times, quoted 18 times, and commented twice.  Here's a breakdown of finalist contributions by country.  The linked names will take you to the finalists' projects, and the linked titles to the finalists' contributions.

 

Bangladesh

 

Belize

 

Ecuador

 

El Salvador

 

Ghana

 

India

 

Indonesia

 

Kenya

 

Laos

 

Maldives

 

Mali

 

Mexico

 

Mozambique

 

Nepal

 

Nicaragua

 

Nigeria

 

Peru

 

Philippines

 

Russia

 

Samoa

 

Serbia

 

Tanzania

 

Vanuatu

 

Venezuela

 

Vietnam

 

All finalists also contributed videos to the DM Channel on YouTube (featured on the upper-right-hand side of this page), and some participated in video interviews that are also included in the Channel.

 

Two Distinct Windows for Recent Emerging Market Currency Movements

Jamus Lim's picture

Two distinct phases have characterized the recent movement of emerging market currencies. The first phase was a sharp decline when the crisis first occurred, as capital flight into the safety of the dollar led to a significant depreciation of emerging market currencies vis-à-vis the dollar.

How to Help Least Developed Countries in Climate Crisis

Tom Grubisich's picture

Least Developed Countries, we know, will be heavily impacted by climate change.  Indeed, drought, storm-caused flooding, rising sea levels, and heat waves are already taking their tolls in those 50-some nations.  But LDCs don't have enough resources to adapt adequately to adverse weather that regularly devastates communities and their ecosystems, reinforcing poverty.   The International Institute for Environment and Development details this mounting problem on its website.  It's not just the costs of adaptation for LDCs, but also a shortage of human resources, which, as the Institute says, are needed for "pressing and clearly definable issues such as health, employment, housing and education."

One way out of this bind is what the Institute is doing through its climate-change initiative -- "supporting, increasing and utilising the capacity of development practitioners, government agencies, NGOs and community-based organisations to enhance resilience to climate change."

DM2009 and its finalists are a perfect fit.

The IIED was founded in 1971 by economist Barbara Ward, a pioneer in promoting sustainable development, who frequently wrote about the disparities she saw in global wealth distribution.

The above graphic -- from the IIED -- lists LDCs, including Small Island Developing States (SIDS), which are especially vulnerable to rising sea levels.

'I Explained It to My Daughter, and She Understood'

Tom Grubisich's picture

If Sergio Margulis didn't grow up to be an environmental economist, he could have, no doubt, become an equally successful stand-up comic.  Who else could get some laughs when trying to explain the econometrics of climate-change adaptation?

The occasion was the recent World Bank-sponsored panel discussion on the draft report "The Costs to Developing Countries of Adapting to Climate Change," of which Margulis was co-author.  Of course, Margulis' primary intention wasn't to get his audience to laugh, but to understand a complex but increasingly important issue that's going to occupy global attention for perhaps the rest of the century as developing and developed countries try to put a ceiling on more global warming.

Margulis, Lead Environmental Economist with the World Bank's Environment Department, was joined at the panel by report co-author Urvashi Narain, Senior Environmental Economist at the World Bank; Otaviano Canuto, Vice President and Head of the Poverty Reduction and Economic Management (PREM) Network at the World Bank, and Warren Evans, Director of the World Bank's Environment Department, who moderated the standing-room-only event.

Here's the video of the discussion.  (Sorry we couldn't embed it.)

Mastering the Conditions of Change

Antonio Lambino's picture

On a recent trip to Hong Kong and Macau, China’s two Special Administrative Regions (SARs), I was reminded repeatedly of people's tendency to search for heroes to make things better in public life.  The two SARs are engines of growth in the region -- the former due primarily to international trade and finance and the latter due to tourism and gambling -- and have highly developed infrastructure and efficient transportation services.  I was traveling with a large group of fellow Filipinos, all of us from a country struggling to improve governance in various sectors and the provision of public services.  Walking the streets of Hong Kong and Macau, many comments were made regarding the ease of public transport and modern facilities, from sidewalks and roads to air and sea ports.  Almost all of these conversations led to two persistent questions: “When will our own country catch up?” and “Who will stamp out corruption and lead the country to prosperity?”  I couldn’t help but notice that there wasn’t much discussion about how.

From Sumatra to Haiti, the importance of increasing government capacity in responding to disaster

Cut Dian's picture
In Indonesia, a national disaster management agency was set up in 2008 to serve as a guardian of disaster risk management. The agency's important role was clear in the aftermath of a West Sumatra earthquake in 2009.

DM Finalist Digital Divide Data Keeps on Winning

Tom Grubisich's picture

 

The good news for DM2003 winner Digital Divide Data keeps on coming.

DDD, which trains the disabled, orphans, migrants, and vulnerable women in Cambodia and Laos to become digital operators for overseas clients, has received a US$50,000 grant from the Boeing Co. to advance its socially attuned IT job training and placement in Southeast Asia.

In its most recent quarterly statement, non-profit DDD, whose 650 employees and trainees make it the largest technology company in Cambodia and Laos, reported:

"...we increased earned revenues from clients to US$2.2 million for the year ending June 30, 2009. This was up 50% from the previous year of US$1.5 million.

"For the fourth straight year DDD covered its business costs through earned revenue. We then used generous support from our donors to support our social mission related expenses, particularly the recruiting and training of disadvantaged young people and educational benefits."

Digital Divide Data was founded in 2001 by Jeremy Hockenstein, then a management consultant for McKinsey & Co.  Struck by the "mix of poverty and progress" in Cambodia on a trip to Angkor Wat, Hockenstein saw "the opportunity to make a difference."  He put together a team of friends from his college days (he graduated from Harvard), and they started an IT training program -- modeled after outsourcing operations in India -- whos graduates would do digital work for foreign institutions and companies. Their first contract was digitizing the Harvard Crimson at Hockenstein's alma mater.  The details of DDD's outsourcing work for academic institutions, libraries, and other clients are here

Climate Threats Hit Low-Income Countries Hardest

Tom Grubisich's picture

As the table shows, many low-income countries face the most climate threats, as identified by the World Bank.  A number of the most-threatened countries are also in the Least Developed Countries category, and six of them are in "fragile situations," also as identified by the World Bank.

Among the hundred finalists in the recent DM2009 competition, 26 of them came from most-threatened countries.  Bangladesh, which ranked first among most threatened, had five entries, but no competition winners.


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