The disadvantages young women face in the labor market and in entrepreneurship in developing countries are not only substantial and complex, but they quickly compound. A plethora of forces drive gender disparities in youth employment: lack of opportunities to develop the skills demanded by the labor market, family or social pressure dissuading them from entering desirable jobs or male-dominated sectors, a detrimental work environment, or a lack of available services such as childcare might make achieving success an uphill battle. Yet innovative youth employment programs can respond to gender issues. Below are three examples presented in a recent virtual workshop held by the Solutions for Youth Employment (S4YE) coalition with members of its Impact Portfolio community.
Just ask the investors: businesses in emerging markets can no longer afford to ignore the risks posed by the changing climate to their bottom lines. Ranging from increasingly frequent and severe weather events to new regulations and changing consumer preferences, climate change is fundamentally transforming the way we do business. Increasingly, companies and their investors are seeking opportunities to transition to and invest in climate-smart portfolios.
With the right kind of reforms, public employment services can do a better job of matching job seekers from poor households. In low and middle-income countries, individuals from poor households find jobs through informal contacts; for example asking friends and family and other members of their limited network. But this type of informal job search tends to channel high concentrations of the poor individuals into informal, low-paid work.
Job seekers especially from poor households need bigger, more formal networks to go beyond the limited opportunities offered by the informal sector in their local communities. This is where public employment services can help, but in developing countries many of these services just simply do not work well: they suffer from limited financing and poor connections to employers, and governments are looking for ways to reform and modernize them to today’s job challenges.
There are lots of cases where developing countries have improved their public employment services and these can serve as models. The lessons from these successful reforms can be distilled and replicated. Based on our recent publication, here are three case-tested strategies that improved the performance, relevance and image of public employment services.
When the world united around the historic Paris climate agreement, in 2015, the message was clear: It’s unfair to pass the burden of climate change to future generations.
We now need to put words into action. This week, leaders from 20 of the largest economies are meeting in Hamburg to find solutions to global challenges. Climate change will be front and center.
As the co-chairs of the Carbon Pricing Leadership Coalition (CPLC), we want to accelerate climate action and reaffirm our commitment to carbon pricing. The discussions in Germany are a great opportunity to keep the momentum going.
Launched during the Paris climate talks, the CPLC now consists of 30 governments and over 140 businesses, all fighting for a common cause: to advocate for the pricing of carbon emissions across the world. We are calling for bold leadership from everyone – governments, companies, academia and civil society. The CPLC provides a forum for these groups to show collaborative leadership on carbon pricing.
Open data for economic growth continues to create buzz in all circles. We wrote about it ourselves on this blog site earlier in the year. You can barely utter the phrase without somebody mentioning the McKinsey report and the $3 trillion open data market. The Economist gave the subject credibility with its talk about a 'new goldmine.' Omidyar published a report a few months ago that made $13 trillion the new $3 trillion. The wonderful folks at New York University's GovLab launched the OpenData500 to much fanfare. The World Bank Group got into the act with this study. The Shakespeare report was among the first to bring attention to open data's many possibilities. Furthermore, governments worldwide now routinely seem to insert economic growth in their policy recommendations about open data – and the list is long and growing.
Geographic distribution of companies we surveyed. Here is the complete list.
We hope to publish a detailed report shortly but here meanwhile are a few of the regional findings in greater detail.
With Nong Zhu
Migrant workers have been contributing to one-sixth of China’s GDP growth since the mid 1980s. The impact of rural migrants’ contribution is best seen in cities during the Chinese New Year, when they return to reunite with their families, leaving behind a massive urban labor shortage. This happens every year despite urban families and restaurant owners offering high bonuses.
There is a consensus that migration has contributed to increased rural income, but views differ on its impact on rural inequality. My view is that rural households with higher incomes are not more likely than poorer households to participate in migration or benefit disproportionately from it. Adding to my recent blog in People Move, I would like to discuss the reasons behind this.
Rich countries and emerging markets alike have participated in a rapid integration into global capital markets over the last 25 years. Proponents of financial globalization believed this would bring a myriad of benefits via improved financial intermediation, with a more efficient allocation of capital to productive firms and increased access to finance to those outside the halls of political power.
But the recent financial crisis has given pause to the pro-globalization advocates. The marked increase in capital flows to emerging markets quickly reversed in the wake of the financial crisis, leaving these countries looking vulnerable. Might the globalizers have gotten their prescriptions wrong?
A recent paper entitled Does Financial Openness Lead to Deeper Domestic Financial Markets? finds that, in fact, developing countries have reaped a number of benefits from financial globalization. In particular, the authors of the paper have found that greater financial openness:
Does open data have economic value beyond the benefits of transparency and accountability? Does it have the power to fuel new businesses and create new jobs? Does it have the potential to improve people's lives by powering new services and products? If so, what should the World Bank be doing to help this along? These were questions we had in mind as we set out to bring together open data entrepreneurs from across Latin America for an Open Data Business Models workshop in Montevideo, Uruguay.