It’s 3/14, also known as Pi Day – a mathematics holiday to celebrate the irrational, transcendental number we learned in school, for the most part, to calculate the circumference or area of circles. While there are a number of fulfilling Pi(e) related activities you can indulge in, from feasting on scrumptious pies to chasing down the value of Pi (good luck!), it is also an apt moment to turn attention to where children across the world stand in mathematics achievement and other learning outcomes.
The World Region
When we think of scorecards, we think of football or other sports where we want to keep track of how our favorite players and teams are doing. We at the World Bank are also a team – a team battling a very tough opponent; in fact, two opponents: poverty and inequality. While this not a “game” by any means – the stakes are high as the lives and livelihoods of millions of people around the world are on the line – we also want to keep track of how we’re doing.
Although countries have dramatically closed gender gaps in education and labor force participation, gender differences within education and employment persist. Women earn less income and work in lower paying occupations and sectors than men do. Women are less likely to become entrepreneurs, and, when they do, they typically run smaller, less-profitable firms. These gender gaps in entrepreneurship, incomes, and productivity persist at all levels of development, despite a multitude of policies aimed at eliminating them. And as countries move forward with closing glaring gender differences, other gaps become visible.
As a political scientist specializing in the comparative politics of development, including particular attention to issues of governance and democracy, I have followed this year’s World Development Report with special interest. I have not been alone. WDRs usually attract attention, but this year’s report seems to have attracted more than most. Several constituencies have pushed for some time for a WDR on the topics addressed in this report, and there thus was a lot riding on it in terms of hopes and expectations for a strong statement on governance.
As we mark International Women’s Day this week, and its call for bold pragmatic action to accelerate gender parity, the role of law in fighting for the human rights and gender equality of women is paramount.
When governments use the law to discriminate against women in some way that disadvantages them in relation to men, they clearly violate the letter and spirit of Article 7 of the Universal Declaration of Human Rights which reinforces equal protection under the law.
According to conventional wisdom, capital flows are fickle. They are fickle more or less independent of time and place. But different flows exhibit different degrees of volatility: FDI is least volatile, while bank-intermediated flows are most volatile. Other portfolio capital flows rank in between, and within this intermediate category debt flows are more volatile than equity-based flows.
Agribusiness is en vogue, fostered by a new understanding of the agricultural sector as a major contributor to overall growth and poverty reduction and through its linkages with the manufacturing and services sector.
In order to efficiently link farmers and consumers across countries and regions, quantifying and analyzing agribusiness trade flows is key. But how can we measure international agribusiness trade flows in a systematic way to identify important patterns?
- Do not conflate “international carbon markets” with “internationally transferred mitigation outcomes.”
- Be cautious about the apparent gains from linking emissions trading markets.
- Create contracts between developed and developing country governments for internationally transferred mitigation obligations.
In the ongoing debate about the benefits of trade, we must not lose sight of a vital fact. Trade and global integration have raised incomes across the world, while dramatically cutting poverty and global inequality.
Within some countries, trade has contributed to rising inequality, but that unfortunate result ultimately reflects the need for stronger safety nets and better social and labor programs, not trade protection.