Artisanal mining has a terrible reputation. A widespread perception is that this low-tech and labor-intensive way to extract natural resources “may cause severe environmental and health risks, conﬂict and generally few economic beneﬁts.” Yet an estimated 40.5 million (+/- 25%) people around the world are directly working in these mines. What persuades them to do so?
With more jobs and competitiveness in mind, many economies worldwide have simplified their business start-up rules and regulations over recent years. Since the first Doing Business report was launched 15 years ago in 2003, a total of 626 national reforms that reduced the time and the costs of starting a business were recorded globally.
One in eight people worldwide still go to bed hungry every night, and the increased severity of natural disasters like droughts only exacerbates this situation. Humanitarian agencies and development practitioners are increasingly focused on helping the most vulnerable recover from the effect of these shocks by boosting their resilience.
A growing number of students in South Asia and Sub-Saharan Africa are enrolled in private primary or secondary schools. The World Development Report 2018 (on which I was a co-author) highlighted an array of potential benefits and risks associated with broad provision of basic education by the private sector. “The key challenge for policy makers is to develop a policy and regulatory framework that ensures access for all children, protects families from exploitation, and establishes an environment that encourages education innovation. Managing a regulatory framework to achieve this is difficult: the same technical and political barriers that education systems face more generally come into play.”
I Will Always Write Back is the true story of Martin Ganda and Caitlin Alifirenka, who became pen pals -- between Zimbabwe and the USA -- in middle (or lower secondary) school. Over time, they learn from each other, and ultimately Caitlin's family realizes the depth of need of Martin and his family -- living in a slum on the outskirts of the city Matate -- and provides support beyond the letters, all to an inspiring end (which I won't spoil).
This book is on many middle school reading lists, with good reason. My thirteen-year-old son just read and enjoyed it. It provides an introduction to life in Zimbabwe and a range of challenges that might never occur to a child (or adult, for that matter) in a high-income country. I've never worked in Zimbabwe, but I have studied education in many countries, including several countries around Sub-Saharan Africa, and the characterizations of life broadly rang true.
One of the most storied topics in agricultural economics, dating back to Chayanov’s work on Russian peasants published nearly a century ago, is the inverse relationship between scale (in terms of farm or plot size) and (land) productivity - commonly known as the IR.
Who doesn’t enjoy an afternoon at the movies? Yet sometimes a cinema screening can be more than just fun. An experiment in Uganda demonstrates how an inspiring, relatable figure in a movie can actually help students to pass their math exams.
We all benefit from role models, whether it’s in school, work, or our personal life. A role model shows us how we can be more or achieve more. In Madagascar, a role model (in this case, an “educated person with high income, who grew up in the local school district”) sharing her life story at a school significantly increased students’ test performance. (Notably, the effect only materialized when the role model had come from a poor background, not when she came from a well-off background.) In Uganda, women who work in male-dominated sectors – and subsequently make much more money – point to the importance of role models in showing them they can succeed.
Regionalism can have three dimensions: trade integration, regulatory cooperation and infrastructural coordination. In a thought provoking blog, Shanta Devarajan argues for a drastic shift in focus, away from trade and towards infrastructure.
Regional trade agreements do sometimes divert not just trade but attention from other beneficial forms of cooperation. And what type of integration makes economic and political sense, in what sequence, differs across regions. But it would be wrong to exclude trade, to focus only on one dimension, and to ignore important new constraints and old questions.
An intense debate continues on how best to provide electricity to the 1.1 billion people currently without access to it -- of whom 600 million are living in Sub-Saharan Africa, many of them in rural areas. According to a 2015 IEG evaluation, low-access countries received about 3.6 billion USD per year into the electricity sector from all sources over 2000 – 2014. The bulk of these funds has gone into extension of the traditional electricity grid. The IEG report also states that to achieve universal grid access in current low-access countries by 2030 will require over 17 billion USD per year, including about 12 billion USD per year for new transmission and distribution capacity. An additional 20 billion USD per year will be needed to address current supply inadequacies and expand generation capacity to meet growing demand. The largest share of this investment would be in Sub-Saharan Africa, given the size of the population without access and the challenges of making effective infrastructure investments there (Foster and Briceño-Garmendia, 2010).
The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies. Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, a benefit to their trading partners. Amid favorable global financing conditions and stabilizing commodity prices, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016. Nevertheless, substantial risks cloud the outlook. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth.
Download the June 2017 Global Economic Prospects report.
Global growth is projected to strengthen to 2.7 percent in 2017, as expected. Emerging market and developing economies are anticipated to grow 4.1 percent – faster than advanced economies.