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The World Region

Energy, metals commodity prices seen strengthening

John Baffes's picture

Prices for most industrial commodities, notably energy and metals, are projected to rise in 2017 while agricultural prices are expected to remain stable, the World Bank says in its April 2017 Commodity Markets Outlook.

Closely watched crude oil prices are forecast to rise to an average of $55 per barrel (bbl) over 2017 from $43/bbl in 2016, climbing to $60/bbl next year. The forecast is unchanged since October and reflects the balancing effects of production cuts agreed by the Organization of Petroleum Exporting Countries (OPEC) and other producers on one side and a faster-than-expected rebound in the U.S. shale oil industry on the other. World oil demand is growing strongly, although at a slower pace than the 2015 spike triggered by lower oil prices.

eMBeDding behavioral insights in development projects – an update

Renos Vakis's picture

People think fast and often automatically, respond strongly to social incentives, and use mental models or specific worldviews to interpret information and perceptions. So, shouldn’t we be taking into account their thinking and behaviors while designing policies? 

Making innovation benefit all: Policies for inclusive growth

Caroline Paunov's picture

“Inclusive growth” has been at the forefront of policy discussions in OECD and non-OECD economies. These discussions reflect a concern that economic growth does not necessarily improve the welfare of all citizens as income inequalities have risen to unprecedented levels over the past decades. The richest 10% of the population in the OECD area earn almost ten times more than the poorest 10%.
 
Throughout history, innovation has been the main engine of improved living standards and the current period of digital innovation offers similar opportunities. At the same time, periods of substantial technological change are known to be highly disruptive as new technologies render old technologies obsolete. This process creates winners but also losers within and across countries.

Unequal opportunity, unequal growth

Roy Van der Weide's picture

Inequality can be both good and bad for growth, depending on what inequality and whose growth. Unequal societies may be holding back one segment of the population while helping another. Similarly, high levels of inequality may be due to a variety of factors; some good, some bad for growth.

Big data is all around. How do we harness it to drive the change we need?

Andrew Steer's picture
Today’s technological revolution is generating a wealth of social and environmental data. Every day, the world produces a staggering 2.5 quintillion bytes of new data.
 
Our ability to collect and process complex information has the potential to transform how we manage our environmental footprint. But creating information and actually using it to drive change that benefits both people and the planet are two very different things.
 

The Bank punches above its weight. But where and why?

Steve Knack's picture

In October 2015, the Washington Post ran a story that compared the World Bank’s performance to that of other bilateral and multilateral development finance institutions. It identified the Bank as a leader among its peers in the value-for-money that it provides to its shareholders (and their taxpayers).

Are girls smarter than boys?

Malek Abu-Jawdeh's picture

Parents are 2.5 times more likely to google “Is my son gifted?” than “Is my daughter gifted?” A gap like this—in perceptions and expectations—is not new.  Myths about ‘gendered’ learning gaps have persisted since at least the Victorian era. Could these be true?


 

What cost childhood stunting? And what returns to programs combatting stunting?

Emanuela Galasso's picture
Child #115181 in the Demographic and Health Survey we’re looking at is 38 months old. Let’s call her María. Her older brother, child #115201, is 51 months old. Let’s call him Alejandro. Despite their 13-month age difference, María and Alejandro are both 92cm tall. María is rather short for her age – she’s at the 18th percentile of the reference population of well-nourished children. She’d be 96 cm if she were average. Alejandro is extremely short – he’d be over 10cm taller if he were average height for his age.

Parents or centers: How should governments prioritize early investments in children?

Magdalena Bendini's picture
To reach their full potential, children need to be well nourished and cared for, stimulated, nurtured and protected from stress from the time their lives begin (The Lancet ECD series). The investments made early in their lives are key to setting them on a higher development trajectory (Harvard Center on the Developing Child).

Ten signs of an impending global land rights revolution

Chris Jochnick's picture

The development community has experienced various “revolutions” over the years – from microfinance to women’s rights, from the green revolution to sustainable development.  Each of these awakenings has improved our understanding of the challenges we face; each has transformed the development landscape, mostly for the better.

We now see the beginnings of another, long-overdue, revolution: this one focused on the fundamental role of land in sustainable development.  Land has often been at the root of revolutions, but the coming land revolution is not about overthrowing old orders. It is based on the basic fact that much of the world has never gotten around to legally documenting land rights.  According to the World Bank, only 10% of land in rural Africa and 30% of land globally is documented.  This gap is the cause of widespread chaos and dysfunction around the world.

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