The previous blog post in this series described the trend in the global and regional averages of national inequality for the period 1988-2013. Now we dig deeper into the trends in inequality at the country level. We describe changes in national inequality during two periods – around 1993 to 2008 and around 2008 to 2013. The long-run spells include all countries for which we have data on inequality around 1993 and 2008, and that data is computed using the same welfare measure (income or consumption). The short-run spells include countries for which we have inequality data around 2008 to 2013; this list is based on the World Bank’s Global Database of Shared Prosperity.
"We’re the nation that just had six of our scientists and researchers win Nobel Prizes—and every one of them was an immigrant," U.S. President Barack Obama recently said after the Nobel Prize winners were announced.
The Internet was abuzz about it, and how could it not be?
The announcement couldn’t come at a better time. Not only are US Nobel laureates immigrants, but also the country has been identified as one of four where the world’s high-skilled immigrants are increasingly living, according to a new World Bank research article. The other three countries are the United Kingdom, Canada and Australia.
“If there is one thing that could really help my business, it would be reliable power supply,” said David, a small business owner in Lagos, on my recent trip to Nigeria.
“I agree. If only …,” echoed another.
And not without reason.
, the region with the second-lowest access rate. If we were to measure access to “reliable” electricity, then those numbers would be even more dismal.
Worryingly, the rate of access has been increasing at a mere 5 percentage points every decade, against population growth of 29 percent. If something is not done to dramatically change this trend, Africa will not see universal access to electricity in the 21st century. This is a seriously worrying prospect as the world races toward a 2030 deadline of universal access to electricity.
The target of achieving universal access by 2030 by the U.N.’s Sustainable Energy for All initiative and the billions of dollars committed by the U.S. government’s Power Africa plan underline the urgency of the situation. As a reminder,
So, are Africa’s utilities financially equipped to respond to this call?
The good news is that the world has a brief window of opportunity to make cities more resilient to climate change, natural disasters, and other stresses, as almost 60% of the urban area that will be built by 2030 is yet to be developed.
In 1991, the World Bank Group opened its resident office in Bucharest and this November we will celebrate 25 years of continued presence in Romania. Romania joined the World Bank in 1972, yet it is really 1991 that marks the opening of the institution’s presence in Romania and our new role in a free and democratic nation.
A quarter century is the measure of a generation and it is as an important milestone for an institution, as it is for a human being. Our presence in Romania has matured together with the country’s first generation of people born in a free economy and society. The challenges they faced, where the face of our support for change.
Following a 2009 earthquake in Qingchuan County, Sichuan Province, Alibaba introduced the “Internet + Poverty Reduction” model, with the core concept to boost economic development in the affected areas with a business model that empowers people to move out of poverty using the Internet.
Alibaba announced its rural e-commerce strategy in October 2014, with a plan to invest RMB100 million (about $14.8 million) over the next three to five years in the development of local e-commerce service systems for 1,000 counties with 100,000 villages.
The program provides valuable services in three areas:
- Easy and affordable access to goods and services in poor areas including: delivery of consumer goods to rural areas and farm produce to cities, mobile phone recharge, utility bills payment, booking airline and train tickets, making hotel reservations, as well as microfinance, online medical consultation, and online learning;
- Provision of ecosystem support for sustainable rural development, including raising awareness about the Internet among local officials, building the capacity of local firms to use the Internet for business, Internet skills training for young people and farmers; and
- Infrastructure development for the new economy, including logistics infrastructure, payment systems, financial services, cloud computing and data collection.
Alibaba’s “Internet + Poverty Reduction” features a number of innovations including e-commerce, job creation, access to finance, tourism development, education and healthcare.
China has 128,000 poor villages with 55.75 million registered poor people. There is no one-size-fits-all solution to lift them out of poverty. Typically, people fall into four categories of poverty, requiring different approaches. Unlike some development players, NGOs are more agile and are innovative in solutions, allowing them to provide support sooner.
The first category comprises those who are temporarily incapable of work due to illness or having school-aged children to support. For these people, rehabilitation or bringing back their capability to work to will help reduce their vulnerabilities.
The second category consists of those who have some resources but lack business skills or efficiency. Working with them to develop new business models and use resources more efficiently will help them get out of poverty.
The third category is made up of those who are capable of work but external conditions or resources like jobs are poor. Relocation or employment skills training may be effective solutions.
The fourth category comprises those who are permanently incapacitated, such as the severely disabled. They should be supported by the social protection system.
We humanize what is going on in the world and in ourselves only by speaking of it, and in the course of speaking of it we learn to be human. –Hannah Arendt
We all know that real time market price dashboard. Securing livelihoods has become more and more difficult with 66 percent of the population now living in poverty, a new peak.. But what the numbers mask is the pain and suffering that people go through to make ends meet. Let’s take the case of South Sudan. The country has had a very tumultuous time, witnessing more than its share of a few crises between 2015 and 2016. The collapse of a fragile peace accord led to a renewed military confrontation while simultaneously international oil prices dropped, depriving South Sudan of its main source of foreign exchange. This triggered a severe fiscal and economic crisis, leading to sky rocketing prices as documented in our
The 66 percent number certainly summarizes the country’s poverty level, which is unquestionably useful for comparisons and analyses to inform policies and programs. However, what the number doesn’t reveal is the struggle that families go through daily. To capture this aspect and give a humane feel to an abstract poverty number, we have started collecting short video testimonials from people living in South Sudan as part of the High Frequency Survey: