Each month, about one million people enter the labor force in Africa. Another one million start looking for work in India. Add to this millions of others around the globe, and worldwide, some one billion people will enter the labor force between now and 2030.
Why is that date important? That’s the deadline World Bank Group President Jim Kim has set for ending extreme poverty and boosting shared prosperity. Making this happen will require not only a healthy and skilled labor force, but also requires creating ample job opportunities, and ensuring that young adults can find productive work.
Among the olive groves, almond blossoms, lush grass, and views of small towns nestled on hilltops and in valleys, World Bank colleagues and I hiked a trail in northern Palestine. Ducking into cool, dark, ancient aqueducts used by civilizations centuries ago, we paused for tea brewed by our local guide in a kettle over an open flame. A homemade meal by a local family topped off our trek.
Available in: Español | عربي
Noranna busy at work: A true-blooded Moro, she is among the many witnesses to the struggle around her. As a child, she saw how conflict affected the lives of the people in their community in Maguindanao – lack of social services, slow development progress and displaced families.
In Mindanao, southern Philippines, the decades-long search for long lasting peace has been hindered by many challenges and natural calamities. This has led to a situation where young professionals are learning a type of development work that deals with the effects of various conflicts.
The Bangsamoro Development Agency or BDA, provides more than work opportunities for residents of Mindanao. Bangsamoro basically means “Moro nation,” a term currently used to describe the Muslim-majority areas in Mindanao – its peoples, culture and ethnic groups.
The Palestinian economy is stalling. Growth dropped sharply in 2013, unemployment is on the rise, and tax revenues for the Palestinian authority are falling significantly short of what is needed to finance even recurrent expenditures. That’s the bad news that many are well aware of. There is however a potential source of good news that currently lies dormant, but if tapped could both stimulate growth and transform the Palestinian economy.
- ending poverty
- South Asia
- Urban Development
- Social Development
- Private Sector Development
- Migration and Remittances
- Information and Communication Technologies
- Global Economy
- Climate Change
- Agriculture and Rural Development
- South Asia
- Sri Lanka
Photo: "January 25th is the best and most honorable day in the history of Egypt"
In the World Bank office in Cairo, there is a beautiful poster that proclaims January 25th as the best day in history. I do not know its origin, but it looks like a drawing made in the heart of Cairo’s Tahrir Square during the January 25th revolution. Three years later, January 25th has a deep meaning in modern Arab history.
Boy with Flag. Photo credit: Al Jazeera English
With the successful conclusion of the National Dialogue Conference (NDC), Yemen has demonstrated both to the region and the world that there is another way of dealing with conflict and grievances. One clear outcome of the NDC is a political transition based on dialogue rather than confrontation. The challenge now will be to convert this outcome into meaningful results for the people of Yemen.
One of the things I find endlessly fascinating about human beings is the gap between our avowed values and our behavior when we come under pressure. I have come to believe that your values are the ones that shape your conduct when you are dealing with a tough, high pressure situation or a life crisis, not the values you spout when you are showing off at the dinner table. Pieties are all too easy. What do you do when the going gets tough? What values truly underpin your conduct? I notice this most often when people claim to be profoundly devout, and they want you to know it. They claim an aura of sanctity. I have learned not to argue with them. I wait until they have to deal with complexity and then see what they do. You’d be amazed what some of these people get up to. More often than not, piety flies out of the window.
Look around you today. We are all supposed to be democrats these days. We love openness, inclusiveness, and transparency— everybody counts, every voice matters. But what do we do when the going gets tough? Let’s reflect on a few current situations around the world.
Riots broke out across Tunisia last weekend, as citizens reacted to the government’s latest efforts to trim its budget deficit. Officials are struggling to cut spending and increase revenues, all while responding to the demands of a citizenry increasingly dissatisfied with high unemployment and continued inflation.
The economy grew by close to 3 percent last year, but it has not been enough to create new jobs. Making matters worse, many manufacturers and business owners have been forced to lay off workers in response, they say, to a rise in informal trade and “unfair competition”.
A big issue for the business community, informal trade has been equally as troublesome for the cash-strapped transitional government. According to recent World Bank research, the Tunisian government is losing a significant amount of public revenues-- duties, value-added tax and other taxes-- from informal trade along the Libyan and Algerian borders.
We asked our bloggers and guest bloggers for their predictions for 2014. Here is a summary of seven main themes, which we will re-visit in late 2014 to see how well we did.
1. Global growth will remain robust and tapering by the U.S. Fed will be less consequential to emerging markets than expected (Bhaskaran, Zaman, Raiser). China will do better than markets predict (Huang), and East Asia will continue to grow with relative stability (Quah). At the same time, the economic policies of some Latin American countries will bring their economies to a breaking point, causing political chaos as well (Gonzalez). Political turmoil and conflict in the Middle East and North Africa will continue to weigh heavily on these economies, with average growth for the region below 3 percent (Devarajan).
2. For Europe, 2014 will be a better year. 100 years after the beginning of the First World War, the Balkans will again be the focus of attention but for better reasons. A more pro-European outlook in Germany and a successful launch of negotiations with Serbia will bode well for the EU. Bosnia and Herzegovina, the scene of the assassination of heir apparent Franz Ferdinand which triggered the beginning first world war, will do surprisingly well at the World Cup in Brazil, for which it qualified for the first time ever. The joy, however, will only be short-lived because political infighting will continue to make it one of the least governable states in Europe (Fengler).