New York City Mayor Michael R. Bloomberg was at the World Bank’s Washington, DC headquarters last Thursday to speak on elements of the Big Apple’s success in attracting “the free, global movement of labor, capital and ideas.” Bloomberg noted that New York has joined more than 700 other American cities in pledging to meet Kyoto protocol standards for carbon reduction – in sharp contrast to the current U.S.
According to the Bank's recently published Migration and Remittances Factbook, the Top 10 remittance recipients in East Asia & Pacific in 2007 were: China ($25.7 bn), Philippines ($17.0 bn), Indonesia ($6.0 bn), Vietnam ($5.0 bn), Thailand ($1.7 bn), Malaysia ($1.7 bn), Cambodia ($0.3 bn), Mongolia ($0.2 bn), Fiji ($0.2 bn), Myanmar ($0.1 bn).
As you may have heard, our new World Bank Chief Economist is Chinese, so it was with interest that I watched a short interview of him on Bloomberg about China's economy:
The year 2007 was an important milestone in modern economic history. While the U.S. grew well, China contributed more to global GDP growth than the U.S. did. That pattern is likely to continue for the foreseeable future. Roughly speaking, the U.S. economy is about four times the size of China’s. If the U.S.
This is an exciting time to be working on climate change, especially in the Bank.
A few years ago, the research department at the World Bank did an analysis of what kind of information people were searching for on its website. It found that the single most searched-for word was "China," more than "poverty" or any other country or concept.