Private Sector Development
Today, the World Bank Group released the first Human Capital Index (HCI), a new global indicator to measure the extent to which human capital in each country measures up to its full potential.
The HCI is part of the World Bank Group’s Human Capital Project intended to raise awareness about the critical role human capital plays in a country’s long-term growth and to galvanize the country’s will and resources to accelerate investments in its people as its most important asset.
As dire as this may sound, the overall HCI score places Afghanistan just around a place where it is expected given its income level—in fact, slightly higher than an average low-income country.
Many of us move in circles where we take our mobility across borders for granted. The pull of a better education or a higher paying job has taken so many of us far away from home. Beyond our personal experiences, at the World Bank we’ve made the case on the benefits of greater mobility and we’re walking the talk. Using economist’s jargon of “improving resource allocation,” “matching supply and demand,” or “responding to economic and demographic forces,” we want to demonstrate that mobility can be a potent instrument to unlock prosperity, alleviate unemployment, and boost investment in building the human capital.
India - which spends an estimated 20% of GDP on public procurement - has been struggling with the challenges of decentralized procurement of commonly used items for quite a long time.
Recently, I published a book about infrastructure public-private partnerships (PPPs) in the most challenging developing countries—a private sector perspective on what is required to bring investment and expertise to partner with governments in providing vital infrastructure services.
There is already a substantial body of work on the potential of PPPs and how to design, finance, and implement them—even in countries where there are limited legal and regulatory frameworks on which to build. What compelled me to write my book is the urge to share, as a practitioner over two decades in some of the most challenging markets, common pitfalls I’ve seen and what appear to be the critical elements of success in creating successful and replicable PPPs.
As one of the key foundations for manufacturing, trade and growth, logistics is a strategic component of every economy. The sector can also contribute significantly to job creation. For example, in the UK, logistics is a $120billion industry that employs about 8% of the workforce. In India, it is a $160billion industry accounting for 22 million jobs, with employment growing 8% annually.
In 2016 and 2018, the World Bank’s Logistics Performance Index found that many developing countries face a significant skills gap in the logistics sector, especially at the managerial level. Similarly, several studies conducted in emerging economies such as China, India, and South Africa report shortages of supply chain talent.
In that context, emerging economies must tackle two critical challenges in order to develop a competitive logistics sector:
- How can governments plug the skills gap in logistics?
- How can the sector cope with the rapid changes brought about by technology, such as warehouse automation “freight uberization” or online platforms matching demand and supply, and their impact on the labor market?
- capacity building
- skills building
- digital jobs
- Human Capital
- labor market
- Future of Work
- supply chains
- trade facilitation
- sustainable mobility
- sustainable transport
- Sustainable Communities
- Public Sector and Governance
- Private Sector Development
- Labor and Social Protection
- Global Economy
- Information and Communication Technologies
- South Africa
- United Kingdom
Almost 85 percent of them are hosted by low or middle countries with limited resources such as Jordan, Ethiopia, Uganda, Turkey, and Bangladesh. These countries face enormous challenges in meeting the needs of refugees while continuing to grow and develop themselves.
I visited Jordan in 2014 and 2016 and was struck by the generosity and hospitality of this small, middle-income country, which accepted the influx of more than 740,000 refugees of the Syrian war and other conflicts (and that only counts the number officially registered by the UN Refugee Agency!) In 2017, Jordan had 89 refugees per 1,000 people –the second-highest concentration in the world. Its services and economy were under tremendous strain. The refugees themselves were frustrated by lack of opportunity to support themselves.
Visit any community and you will see women breathing life into every part of the economy and society, be it in agriculture, healthcare, marketing, sales, manufacturing, or invention. Sustainable Development Goals (SDGs), the most ambitious set of goals that the international community has ever set for itself
However, The lack of recognition of women’s contributions, particularly through their businesses and economic activities, has severely limited their access to finance, new markets and knowledge – necessary for economic growth and poverty reduction.
As recently as 2006, Timor-Leste was in crisis. Only a few years into independence, the country was torn by riots and political turmoil. Not surprisingly, its business climate was one of the region’s worst.
But . Nonetheless, Timor-Leste remains a fragile state, and with oil accounting for 80 percent of GDP, it is the world’s second most oil-dependent nation.