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Drying-up growth

The lack of clean water and basic sanitation that afflicts up to 40 per cent of the world’s population knocks at least $556bn (£317bn, €458bn) a year off the world’s potential economic growth, according to the World Health Organisation, equivalent to about 1 per cent of global gross domestic product.

Trip to Marzar-e-Sharif

A colleague, Samuel Maimbo, recently came back from a Bank supervision mission to Marzar-e-Sharif, Afghanistan, where he visited a cotton factory. He shared with me his diary from the trip, with some great pictures. A snipet:

The biggest disappointment was the state of the roads. They were in a complete state of disrepair. Potholes everywhere, waterlogged roads, mud and a complete lack of maintenance. It almost reminded me of Bossaso in Somalia.

Roundtrip travels of a T-shirt

In the award winning book, ‘Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade,’ Pietra Rivoli tracked the making of T-shirts as it traveled from American cotton farms to Chinese factories, finally arriving on a showroom in Ft. Lauderdale – and all of the tariffs and protective barriers in between.