Syndicate content

Private Sector Development

Open Data for economic growth: the latest evidence

Andrew Stott's picture
One of the key policy drivers for Open Data has been to drive economic growth and business innovation. There’s a growing amount of evidence and analysis not only for the total potential economic benefit but also for some of the ways in which this is coming about. This evidence is summarised and reviewed in a new World Bank paper published today.

There’s a range of studies that suggest that the potential prize from Open Data could be enormous - including an estimate of $3-5 trillion a year globally from McKinsey Global Institute and an estimate of $13 trillion cumulative over the next 5 years in the G20 countries.  There are supporting studies of the value of Open Data to certain sectors in certain countries - for instance $20 billion a year to Agriculture in the US - and of the value of key datasets such as geospatial data.  All these support the conclusion that the economic potential is at least significant - although with a range from “significant” to “extremely significant”!

Weekly Wire: The Global Forum

Roxanne Bauer's picture

These are some of the views and reports relevant to our readers that caught our attention this week.
 
By the Numbers: Tracing the Statistical Correlation Between Press Freedom and Democracy
Center for International Media Assistance, National Endowment for Democracy
It is generally accepted that media freedom is beneficial to democratic and economic development, but the exact nature of this relationship and the direction of causality between press freedom and general freedoms is under-researched. Rigorous and in-depth examinations of the relationship between press freedom and general democracy using the available global datasets have been limited. This study investigates the nature of that relationship through detailed statistical and qualitative analysis.

Africa’s Tech Edge
The Atlantic
It’s a painfully First World problem: Splitting dinner with friends, we do the dance of the seven credit cards. No one, it seems, carries cash anymore, so we blunder through the inconvenience that comes with our dependence on plastic. Just as often, I encounter a street vendor or taxi driver who can’t handle my proffered card and am left shaking out my pockets and purse. When I returned to the United States after living in Nairobi on and off for two years, these antiquated payment ordeals were especially frustrating. As I never tire of explaining to friends, in Kenya I could pay for nearly everything with a few taps on my cellphone.

Ask Malala: 'A Woman Is Even More Powerful Than Men'

Katrin Schulz's picture



On this year’s International Day of the Girl, I was part of the vast audience in the Atrium of the World Bank who had the opportunity to hear Malala Yousafza, the young activist who is inspiring the world with her bravery and courage, speak about her passionate fight for girls’ education.

Just the night before, she had wowed Jon Stewart on his television show with her poignantly articulate and exceedingly wise responses. Among them, she said: “I believe in equality. And I believe there is no difference between a man and a woman. I even believe that a woman is more powerful than men.”

These words, though spoken by a teenager, could scarcely ring more true amid the battle to eliminate poverty. Women are indeed more powerful than men, in the sense that, when you invest in a woman, you also invest in her family, her community and her country at large.

Recovering jobs and building security in Pakistan

Kiran Afzal's picture


 Local businesses can create jobs in Pakistan's conflict areas (Credit: Zerega, Flickr)
 

How can you effectively support areas shaken by years of regional instability? The Western border areas of Pakistan are one such region, where a 2009 insurgency and subsequent military operations in the Khyber Pakhtunkhwa (KP) and Federally Administered Tribal Areas (FATA) led to one of the worst crises in the country's history. More than 2 million people were forced to leave their homes and considerable damage was caused to physical and social infrastructure. The unprecedented floods of 2010 only made the situation worse.

You need to be outrageously aspirational when you take on a growth pole


Growth poles can help create jobs for Africa's one billion citizens (Credit: World Bank)

We were asked the other day by our senior management to be outrageously aspirational when we engage with growth poles.  I have been reflecting on what this means for our work on this topic in Africa, especially in light of the findings of the Africa Competitiveness Report.  I think we need to be aspirational in three broad directions: (i) developing the capacity to get things done in Africa, (ii) ensuring all stakeholders benefit from growth, and (iii) mobilizing as much capital as we can, whether it be private, philanthropic or public.

The India Paradox: Promoting Competitive Industries in a High-Growth Country

Ivan Rossignol's picture

India’s economic growth rate in the past decade has been nothing short of spectacular.  With its GDP growth around 7 to 9 percent per year, India is the second-fastest-growing large economy in the world.  However, the country’s manufacturing sector accounts for a dismal 17 percent of its employment opportunities, as compared to 60 percent in agriculture and 23 percent in services.[1]This summer, the World Bank’s Indian Visiting Scholars Program* invited two leading academics from Harvard University to visit India and to articulate potential pathways to sustain the country’s growth trajectory. These 2 scholars are Ricardo Hausmann, Professor of Economic Development at the John F. Kennedy School of Government and Director of Harvard’s Center of International Development and Dani Rodrik, Professor of International Political Economy at the Kennedy School. While there, they interacted with the private sector and key policymakers, including senior officials of the Department of Industrial Policy and Promotion, the Planning Commission, and the Ministry of Finance.