Countries that want to use preferential trade agreements to boost trade with Africa should re-examine the rules of engagement. New evidence shows that certain rules underlying preferential trade agreements are drastically hindering their intended benefits. In fact, in a World Bank Policy Research Paper and an article forthcoming in The World Bank Economic Review, we find that relaxing those definitions could increase the agreements’ benefits by four times more than just removing tariffs.
“If we are able to say that a poor, majority Muslim, and conservative society is capable of making a democracy of international standard, other countries in the region will have no excuse not to follow us,” says Amira Yahyaoui. “But Tunisia won’t succeed unless we continue to be bold. We must be audacious in our ambitions.”
That was the first question up for debate at the Citizen Voices Conference on March 18. And the communal answer was a clear and resounding "yes."
The next question up posed more of a challenge – How do we build our public and private institutions so citizens can access information and influence decisions impacting their own lives? The answer to this was pulled apart for eight hours by technology innovators, development specialists, government officials, academics, civil society representatives, and members of the private sector at this interactive and multilingual conference.
The world has become relatively less poor in the last few decades. People under conditions of extreme poverty -- that is, living on less than $1.25 per day -- have declined as a proportion of the world population, from 52 percent in 1981 to 22 percent in 2008. Thirty years ago almost 75 percent of the developing world lived with $2 a day or less, this number is down to 43 percent today.
About "Notes From the Field": With this occasional feature, we let World Bank professionals who are conducting interesting trade-related projects around the globe explain some of the challenges and triumphs of their day-to-day work.
The interview below is with Pablo Fajnzylber, who recently became sector Manager for the Poverty Reduction and Economic Management (PREM) network in East Africa. The interview took place while Mr. Fajnzylber was Lead Economist and Sector Leader for PREM in Brazil. Prior to that, he worked at the Chief Economist’s Office for the Latin America and Caribbean region, the Finance and Private Sector Development Department for the same region and the Bank’s Development Economics Research Group. Mr. Fajnzylber has published extensively on a variety of development topics, including various books and articles in professional journals on issues related to growth, international trade, informality, crime, workers’ remittances, private sector development and climate change.
“So how are you enjoying living in paradise?” Michael Geerts, the former German ambassador to Kenya asked me the other day. He was posted in Nairobi during the difficult years in the end of the 1990s, and continues to stay in touch with a country he loves dearly. Many colleagues, who once worked in Kenya have bought houses in Nairobi, and plan to retire in the “city under the sun”. But not everybody shares their passion and faith in the country’s future. There are many pessimists who feel that the country is moving in the wrong direction. Kenya, they say, will never rid itself from grand corruption, and crime such as drug trafficking will continue to flourish.
Are they seeing the same country? Maybe both perspectives are right, because Kenya is a country of extremes.
This month marks the midpoint of the transition process in Yemen. As agreed upon in the peace initiative in November 2011, the transition will include a national dialogue that brings together a broad geographic and political cross section of the country, the drafting of a new constitution, and concluding with new parliamentary and presidential elections.
Let's think together: Every Sunday the World Bank in Tanzania in collaboration with The Citizen wants to stimulate your thinking by sharing data from recent official surveys in Tanzania and ask you a few questions.
Outward looking strategies have been used by most countries that have succeeded in their transition toward emergence. East Asian tigers and dragons have witnessed a tremendous and sustained boom in their exports, as have emerging countries like Chile, Tunisia, Botswana, and Mauritius. Even fast-growing ‘big’ countries such as Brazil and China have relied on world markets.
What might surprise some though is that Tanzania’s export performance in fact exceeded that of Brazil, Tunisia, Mauritius, Malaysia, Korea, and Thailand between 2000 and 2012. Among countries that did better were China and Uganda.
|Watch the video highlighting the report's findings.|
My mother always told me that first impressions are deceptive. Turns out, this is true also when it comes to gender equality.
I lived in Vientiane, the capital of Laos, for six years, working in the World Bank’s country office on social development and gender issues. I still recall arriving in Vientiane, the sleepy city by the mighty Mekong river, and being taken by surprise of how empowered women seemed to be. I noticed women driving their motorbikes in the city, female shop owners serving delicious mango and papaya, and women in the latest business suits hurrying back to the office.
In a country where poverty has decreased by 25% since the 1990s, it was easy to get the impression that women are truly enjoying the benefits of development on equal terms with men. The laws are supportive of women as well. These have clear targets in place that promote women’s human development, economic opportunity, and participation.
“Uganda might lose the market in South Sudan, if deliberate efforts aren’t put in place to sustain it”, said Uganda Investment Authority Chairman, Patrick Bitature during a hard-talk discussion at the February 14th launch of the Uganda Economic Update – Bridges across Borders: Unleashing Uganda’s Regional Trade Potential.
Bitature argued that Uganda’s supplying of South Sudan was more circumstantial than strategic.
“Food items like rice, matooke [green bananas], maize and sorghum that Uganda is exporting to South Sudan will soon be grown there, once stability returns. Uganda instead needs to add value to these exports”, he said.