Labor and Social Protection
In stark contrast to a few years back, Latin Americans are deeply worried these days with a rising wave of crime and violence that is causing a huge loss of life and resources –and making people rethink the role of public and private sectors in fighting this scourge.
In debates across public fora and on social media platforms Latin Americans are more tolerant of the idea of private-public partnerships to fight crime.
Over half the countries in Sub-Saharan Africa subsidize fuel to protect consumers from high and volatile prices. But fuel subsidies are neither cheap nor likely to be sustainable (see the full analysis in the new Africa's Pulse).
Data for 2010-11 show that fuel price subsidies consumed, on average, 1.4 percent of GDP in public resources: The fiscal cost in oil exporters was almost two-and-a-half times that in oil importers. In the face of high (and rising) world fuel prices, a number of countries have raised domestic prices to stem fiscal costs.
For example, Ghana raised fuel prices by about 30 percent in January 2011. The Nigerian government removed the subsidy on gasoline this January, although a portion of the subsidy was subsequently reinstated. With oil prices likely to remain elevated, fuel subsidies will continue to weigh on government budgets in Africa.
But who benefits from fuel price subsidies?
Expenditure data for seven African countries show that the distribution of these subsidies is disproportionately concentrated in the hands of the rich. Richer households spend a larger amount on fuel products, and, consequently, benefit more than poorer households from any universal subsidy on these products. On average the richest 20% receive over six times more in subsidy benefits than the poorest 20%.
One of the most distressing aspects of the frail economic recovery from the global crisis has been lagging job creation. In developed and developing countries alike, millions of people remain unemployed (some 200 million by ILO estimates), and many who still have jobs live in fear of losing them or seeing their incomes and benefits stagnate. Fortunately, the worst may be over in several parts of the world.
Sustainable development is built on the triple bottom line: economic growth, environmental stewardship, and social development - or prosperity, planet, people. Without careful attention to all three, we cannot create a sustainable world.
In the 25 years since sustainable development was coined as a term, there has been progress, but the pathway to sustainable development must now be more inclusive green growth.
- The World Region
- Urban Development
- Labor and Social Protection
- Social Development
- Science and Technology Development
- Public Sector and Governance
- Private Sector Development
- Information and Communication Technologies
- Culture and Development
- Communities and Human Settlements
- Agriculture and Rural Development
The stories of two families in a new video produced for the Spring Meetings illustrate how safety nets can change lives.
“I am sorry, I am so very sorry, I did not mean to be disrespectful,” the young man says as soon as he has blurted his story out. He fidgets nervously with his little notepad. He is young, but the deep lines that crease his face reveal the hard life he has led. This is his story: “Do you know what it is like to wake up feeling ashamed every morning, feeling deeply ashamed that I cannot help support my aging parents,” he says, “that I cannot go and buy a bit of fruit for my little sister since I do not have a single coin in my pocket? I went to school, I did well, I went to university, I did even better but what was it good for? Nothing! Here I am, I cannot afford to get married. I cannot even look my mother in the eyes as I spend the nights in the street drowning my sorrows.” The young man lifts his head, his eyes welling up with tears. “I have been stripped of my manhood, or maybe I should say, I was never even allowed to become a man.”