World Bank Sr. Infrastructure Specialist Gerald Ollivier interacts with passengers on the new Wuzhou-Nanning rail line
The first half of the NanGuang railway line opened in mid April 2014. It is one of the six railway projects currently supported by the World Bank in China. It connects the city of Wuzhou to Nanning, two cities located 240 km apart, in the relatively poor autonomous region of Guangxi. The train, a brand new Electric Motorized Unit (see picture below), is clean and modern. It cuts across a highly mountainous terrain, zooming at about 200 kph through many tunnels and bridges.
When people talk about innovation in media, digital devices and social media are most likely to come to mind. Yet, at the end of the day, we all like to watch TV.
Global pay TV revenues, calculated as a total of subscription fees and on-demand movies and TV episode, will reach $209 billion in 2020, an increase from $193 billion in 2013, according to a new report from Digital TV Research. While revenues are expected to decrease in North America by 9.2% (around $9 billion) between 2013 and 2020 and in Western Europe by 1.6%, these declines will be more than offset by revenue growth of nearly $15 billion (up by 47%) in the Asia Pacific region. Revenues will also more than double in Sub-Saharan Africa to $5 billion.
The economics book that has launched a thousand blog posts, Thomas Piketty’s Capital in the Twenty-First Country, tells a grand story of inequality past and present. One would expect that a book on global inequality would have much to say about development. However, the book has limited relevance for the developing world, and the empirical data he marshals for developing countries is weak.
Piketty’s central story is that convergence in the developed world and slower population growth will leave us with a permanently modest economic growth rate (g). Coupled with a constant return to wealth (r), concentration of capital ownership, and high rates of savings among the wealthy, the low g leads to rising wealth inequality over a longish run—something like the second half of the 20th century.
A low-g future for the developed world is a mostly uncontroversial assumption. (He assumes future GDP per capita growth of 1.2 percent for the U.S.) But Piketty draws conclusions for the world as a whole, and we are a long way from global convergence. As Branko Milanovic noted in his review, catch-up growth could fend off Piketty’s inequality dystopia for some time.
It is well known that transit-oriented development, or ToD, is a high-value complement to mass transit development. Compact, mixed-use, high density development around key mass transit stations can have the dual benefits of creating a ridership base that enhances the economic and financial viability of the mass transit investment and compounding the accessibility benefits a mass transit system can bring to a city’s residents. This is not to mention the intrinsic value in creating vibrant social gathering places for communities at strategic locations.
- transport integration
- mutlimodal transport
- transport planning
- urban planning
- land use
- transport policy
- transit-oriented development
- Urban Development
- Public Sector and Governance
- Law and Regulation
- Latin America & Caribbean
- East Asia and Pacific
- United States
- South Africa
- Hong Kong SAR, China
We all know urbanization is important: Nearly 80% of gross domestic product is generated in cities around the world. Countries must get urbanization right if they want to reach middle- or high-income status.
But urbanization is challenging, especially because badly planned cities can hamper economic transformation and cities can become breeding grounds for poverty, slums and squalor and drivers of pollution, environmental degradation and greenhouse gas emissions.
That’s why it’s important for us to build cities that are livable, with people-centered approaches to urbanization and development. That will allow innovation and new ideas to emerge and enable economic growth, job creation and higher productivity, while also saving energy and managing natural resources, emissions and disaster risks. When the process is driven by people, it can lead to important results, the same way London and Los Angeles addressed their air pollution problems.
There is clear and present danger that another global food price crisis will emerge sooner than later.
A key signal is the lackluster result of the December 2013 Ministerial meeting of the World Trade Organization (WTO) in Bali, Indonesia - in the heart of the ASEAN community.
The compromises arising from the WTO Bali meeting further demonstrates that many WTO member-nations have returned to a focus on internal domestic politics, sacrificing long-term gains shared across nations, in favor of short-term gains motivated largely by domestic political survival or sheer short-sightedness.
Average economic losses from natural disasters are rising, despite considerable efforts to better manage risk from natural hazards over the last few decades. Data from Munich Re shows a sharp rise, from $50 billion a year in the 1980s to just under $200 billion annually in the last decade. Population growth, rapid urbanization, and climate change are compounding these losses. Securing prosperity in the midst of growing hazards is an enormous challenge that demands a new approach to development.
The international community is rising to meet this challenge head-on. Last week in Oslo, Norway, I had the privilege of participating in the 15th Consultative Group Meeting for the Global Facility for Disaster Reduction and Recovery (GFDRR), where 75 representatives from partner countries and international development organizations met to help scale up and better mainstream efforts to build climate and disaster resilience in some of the most vulnerable communities around the globe.
With the importance of this effort in mind, I co-authored an article with Norwegian Minister of Foreign Affairs Børge Brende, in which the minister and I argue that sustainable development gains require a new approach towards mitigating risk from climate change and natural hazards. After the recent days spent with my colleagues in Norway, I’m encouraged by the shared enthusiasm of GFDRR and its partners for the task ahead. It’s time to get to work.
Charles Kindleberger (h/t Gerry Helleiner) asserted that all reviewers can be counted on to say three things about a book: “It isn’t new. It isn’t true. And I would have said it differently.” Notwithstanding their internal contradictions, these statements summarize my thoughts on Bill Easterly’s latest book, The Tyranny of Experts.
It isn’t new. The main point of the book is that the rights of the poor have been systematically undermined, directly by governments, especially authoritarian ones; and indirectly by “experts”, who either prescribe technical solutions that ignore poor people’s ability to come up with their own solutions, or provide legitimacy to these autocratic regimes so that they continue to suppress the poor. Bill illustrates this point with three historical examples—China between the world wars, Africa at independence, and Colombia in the 1950s—where a combination of western (in some cases, colonial) interests and local elites conspired to keep the large majority of poor people poor for a long time. The analytical backdrop to these three case studies is the “debate”—a debate that never took place—between two Nobel-prize-winning economists: Gunnar Myrdal, who advocated government intervention to improve the lot of the poor; and Friedrich Hayek, who believed in protecting the individual rights of the poor as a means of their escaping poverty.
Indonesia finds itself at a crossroads on the trade policy map. A turn in one direction may mean more openness and greater regional integration. A turn the other way—more protectionism and economic nationalism. Those advocating for the proper course share common concerns: the country’s increasing current account imbalance, deindustrialization in sectors built on booming commodity prices, and rising imports of intermediate inputs.
This last factor is perhaps most contentious. There are concerns that an increased reliance on imported inputs will slash domestic jobs and the local value added to exports. But are concerns about increased reliance on imported intermediates justified?
In 2011, Thailand suffered the worst floods in half a century. The flood crisis impacted more than 13 million people. About 97,000 houses were damaged and entire villages and cities were under water for months.
House in Ayutthaya affected by the 2011 floods
Three years later, Thailand has been able to deal with the worst of the impacts but some of the poorest households are still struggling to recover. We visited 10 affected communities in Ayutthaya and Nakhon Sawan as part of the supervision of the Community-based Livelihood Support for Urban Poor Project (SUP). We could still see the water marks on their walls, damaged ceilings, and wobbly structures. The unrepaired houses stuck out but just as striking was the strong sense of community in the area. We were reminded that villagers came together to overcome the worst natural disaster most of them ever witnessed in their lives.
The flooding led to better disaster risk management in the neighborhoods that are most at risk. Local governments have taken the lead. But the disaster has also, just as importantly, mobilized ordinary citizens in some of the most deprived communities. Here are some of their stories: