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East Asia and Pacific

Next in line for m-banking services: Papua New Guinea

This past October I participated in a 2-day Mobile Money Summit in Port Moresby, Papua New Guinea. Why Papua New Guinea? There is growing interest among telecom companies and banks there in mobile financial services. Although the meeting was attended by more than 50 people from around the Pacific, the majority of the participants were from companies doing business in Papua New Guinea.

What’s your lucky number? For Mongolia, it’s 58.

David Lawrence's picture

The hall was large and chilly. But it was also full. Nearly 80 people had come to listen to a presentation on Mongolia’s ratings in the 2009 Doing Business survey. I was happy to see a healthy mix of government officials, private firms, developmental organizations, NGOs and journalists there.

New Blogger: Janine Firpo

Ryan Hahn's picture

Mobile banking – everyone is talking about it, but how can we separate hype from reality? I've invited Janine Firpo, President of Sevak Solutions, to help us make sense of this potentially transformative technology. Janine was recently hired by IFC, a member of the World Bank Group, to work with IFC’s regional advisory teams to accelerate the development and large-scale roll-out of mobile money solutions in East Asia and the Pacific.

Legislating for doing good

Michael Jarvis's picture

While the financial and economic crisis has prompted much soul searching on the appropriate government and business boundaries and the right balance of regulation, it will be interesting to see how this filters down to emerging markets such as India and China -even at the local level there are now efforts to legislate for corporate responsibility.

Virtual gifts for a recessionary holiday

Ryan Hahn's picture

A question for the economists out there - what gifts will turn out to be this holiday's most popular inferior good? It looks like the virtual goods industry (now worth an estimated $1.5 billion worldwide) is hoping they will win that prize. Dan Jansen, head of Virtual Greats, had this to say:

The hidden side of globalization

Ryan Hahn's picture

In debates over globalization, much attention is given to so-called 'North-South' relationships. Often, data on 'South-South' exchanges it too limited to say much. A new paper on Global Migration of the Highly Skilled by Theo Dunnewijk of United Nations University helps shed some new light on 'South-South' brain drain/brain strain/brain circulation (Hat tip: Giulio Quaggiotto). Previous datasets had overlooked diasporas of highly skilled workers in these countries: