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When we launched Future Development almost a year and a half ago I didn’t anticipate it would take over my life the way it did and right now I feel as if a dear friend was leaving for a different country…. That friend is the Future Development Blog which is changing its host organization from the World Bank Group to Brookings Institution.
It was a difficult decision but as with everything in life change is hard but often for the best; so this is the moment I say goodbye. Since September 16th 2013, the Future Development platform has been the first thing I check and the last every day of the year without exception; and now someone else will be taking over this task.
When we started this project, our firm belief was that countries can only achieve shared prosperity if they develop their policies through evidenced-based conversation with their citizens, so our main purpose with the creation of this blog was to empower all engaged citizens to hold their governments to account more successfully so that they take decisions in poor people’s interest and not their own.
Without concerted action, the world will one day see a megadisaster—a disaster resulting in over 1 million casualties.
The forces of population growth and rapid urbanization are dramatically increasing exposure to disaster risk. Over 600 million people, for example, live in the Ganges Basin of India, Nepal and Bangladesh. Due to the meeting of the tectonic plates with the Indian subcontinent shifting under the Eurasian continent, this area is at a large risk of seismic activity. And indeed, the Ganges Basin has seen earthquakes over magnitude 7.0 in the past 500 years, as illustrated by the graphic above.
As practitioners, we can help reduce disaster risk and build resilience to potential catastrophes through smart development practices. These practices, however, require targeted research that can inform which levers to move, and how to move them. Sadly, this kind of research is difficult to come by in the disaster risk management community, and harder still to communicate to those that need it most.
After the New Year arrives, most of us have the habit of making New Year resolutions. Whether it is a higher salary, a promotion, world travel or even weight loss, some wishes are similar among us and our friends. This year, after meeting the students attending the 11th South Asia Economic Students Summit (SAESM), I realized how New Year wishes can be vastly different from one corner of the world to another.
Here’s a sample of New Year “wish lists” of the South Asian students who attended the 11th SAESM in Thimphu, Bhutan held between Dec. 23-28, 2014.
“I hope South Asia can have a similar program to ERASMUS in Europe, where students are allowed to spend one year or a semester working or interning in a different South Asian country."
- Phalguni, Kirorimal College, India
In 17th century India, the Mughal emperor Shah Jahan built an immense tomb of white marble—known as the Taj Mahal—in memory of his wife, Mumtaz Mahal, who died during the birth of their 14th child. The mausoleum, revered for its beauty, also serves as a sad reminder that maternal deaths have forever plagued humanity.
“Intelligence and capability are not enough; there must also be the joy of doing something beautiful.” These words by Dr. Venkataswamy tower over us as we enter the flagship Aravind Eye Hospital in Madurai, India, and continue to reflect in the staff’s philosophy during our short visit.
The Aravind Eye Hospital needs no introduction. Tucked in the remote south of India, it is the result of its founder’s vision of eliminating needless blindness. Started in 1976 by Dr. Venkataswamy, the hospital provides accessible, affordable and quality eye care to all sections of the society through cross-subsidization, which creates a commercially viable and sustainable business model.
Aravind Eye Care is an example of a business model innovation, also referred to as an ‘inclusive business model’. IFC defines inclusive business models as those offering goods, services and livelihoods to the poor in financially sustainable and scalable ways. Globally, inclusive businesses are being recognized as important players for development. More entrepreneurs are realizing the bottom of the pyramid (BoP) market as an opportunity to design and implement innovative solutions. As per an IFC study, the BoP represents a potential market of $5 trillion globally - the largest slice of this lies in South Asia, particularly India, given the size of BoP population in the region.
However, inclusive businesses continue to face several barriers in scaling and replicating their success such as lack of access to finance, absence of trained human resources, weak supply chain linkages etc. and above all, an underdeveloped support ecosystem to overcome critical market gaps. Addressing these barriers will not only help capitalize on the growth potential but also mainstream the sector.
World Bank Group is playing a catalytic role in unlocking opportunities for innovative, impact focused businesses. The South Asia Inclusive Business Program has been working towards enhancing private sector participation and inclusive business activity in the region. While working on the high level through systemic interventions, the team is also connecting with organizations on the ground by supporting them to scale sustainably and/or replicate across borders.
Landing at Paro in Bhutan involves making a question-mark shaped maneuver while dropping altitude rapidly to avoid making wing-contact with the Himalayan mountains surrounding the Paro valley where Thimphu, the capital, is also situated. A fellow passenger informs me that there are only 9 pilots in the world who are trained to make this landing. I use up one of my rare prayers to request that it be one of those flying us now. It is, I think, the infrequency of prayers that makes them so effective; our plane descends smoothly and tiptoes on to the tarmac.