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Building bridges: cities helping cities achieve more – a Romanian-Japanese partnership

Marcel Ionescu-Heroiu's picture
The central square of the old town. Brasov
Photo: The central square of the old town. Brasov. Transylvania. By Ann Stryzhekin/ Shutterstock
When U.S. Commodore Matthew Perry arrived in Yokohama in 1854, it was a backwater village in Japan with a largely rural, relatively undeveloped economy. But it soon grew to an urban agglomeration with around 3.7 million people. Since then, Yokohama has managed to continuously reinvent itself – from a port city, to a large industrial area, and now to a modern, global service and lifestyle hub.
 
Within a century, Japan would become the world’s second largest economy. Its growth has been fueled by cities such as Tokyo, Yokohama, Osaka, and Kobe. Japanese cities can offer a myriad of lessons to their counterparts in developing countries.
 
Japanese cities are also at the forefront of dealing with some of the world’s most pressing challenges. For example, cities like Osaka and Toyama have developed a number of tools to address the social issues caused by rapid aging. Most developed and developing cities in the world will face similar challenges in the years to come. Providing a platform where these cities can learn from the experience of Japanese cities may lead to significant development impact.
 
Supported by a partnership between the World Bank and Japan, the Tokyo Development Learning Center (TDLC) does just that.

The Global Infrastructure Facility: fulfilling its mission

Akihiro Tsuchiya's picture

Editor's Note: Join us April 22nd at 10AM ET for the 2017 Global Infrastructure Forum when the Multilateral Development Banks (MDBs), the United Nations, the G-20, and development partners from around the world meet to discuss opportunities to harness public and private resources to improve infrastructure worldwide, and to ensure that investments are environmentally, social and economically sustainable. Check out the event site to view the livestream on April 22.




Nearly two years ago, the Global Infrastructure Facility, or the GIF, began its mission to develop bankable, sustainable infrastructure projects in developing countries that are attractive to investors. Being a partnership of multilateral development banks, private sector partners, donors and beneficiary countries, we have the knowledge and resources to make that happen.
 
It has been my honor, as the representative from Japan, to serve in the last year as co-chair of the GIF’s Governing Council together with the World Bank. As my term draws to a close, I would like to reflect on our accomplishments and share some observations with those who believe that developing infrastructure is a key element of reducing global poverty.

Secular Stagnation: A Working Pair of Scissors Needs Two Blades

Otaviano Canuto's picture
The role of asset bubbles as an unsustainable pillar of pre-2007 world economic growth has been widely recognized. Simultaneously, analysts worry that a secular stagnation, though momentarily offset by asset bubbles, may have been already at play in major advanced economies, leading to the ongoing sluggish and feeble recovery.