"Are markets simply casinos for betting?" Asli recently asked this question on the All About Finance blog. She argues that financial markets do a lot more than that, and I agree. But there are some markets that come very close to being casinos. Surprisingly, in the wake of the financial crisis, the U.S.
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Perhaps the title is a rhetorical question, but I felt obliged to ask it after seeing the latest parody of a World Bank initiative.
The first day of this year's Financial and Private Sector Development Forum is about to wind down. I had the opportunity to attend several fascinating discussions, including:
The World Bank's new chief economist for Financial and Private Sector Development, Asli Demirgüç-Kunt, has entered the blogosphere with the new All About Finance blog. In her first post, Asli considers whether the financial crisis ought to make us consider turning bureaucrats into bankers. She responds with a resounding "no"!
Muster all your creativity and innovation, because now is your chance to solve real-world issues like hunger, poverty, disease, conflict and climate change. Get ready to play EVOKE.
EVOKE is a new game brought out by the World Bank Institute. It empowers you— young people all over the world—to plunge right into the challenge and look for creative solutions.
The 2010 Fifa World Cup in South Africa will generate the demand for service and tourism industries potentially benefiting local women entrepreneurs.
Crime against businesses disproportionately impacts SMEs. Nearly 80 percent of firms affected by a major accident and without a proper contingency plan cease to exist within two years.
In the UK alone, where break-ins and burglaries are the two most common crimes, the economy loses an estimated £19 billion - approximately £5000 per business.
Can video and computer games help people manage their health? The Changemakers at the Ashoka Foundation think so.