I have been guided by a teacher even before I was born. My mother was a teacher.
|Noel Aspras in the Philippines says that "even the lowliest of farmers owns a cellphone now" because it has become a necessity. Watch the video below.|
When I lost my mobile phone two years ago, I felt dismembered. After all, my cellphone was constantly by my side, serving as alarm clock, calendar, and default camera for those ‘Kodak’ moments you couldn’t let pass. It was also a nifty calculator that I turned to when splitting restaurant bills with friends.
After grieving the loss of my “finger” for two days, I pulled myself together and got a new, smarter phone that allowed for faster surfing on the web, audio recording and a host of other functions that, well, made me quickly forget the lost unit. A blessing in disguise, I told myself.
So when no less than a farmer from Pagsanjan in the Philippines’ Laguna province told me that mobile phones were “no longer a luxury, but a necessity,” and added that “even the lowliest of farmers riding on a carabao (water buffalo) owns one,” I couldn’t agree more.
|Click image to view larger version.|
In this digital age, it’s easy to forget that there is a staggering amount of physical goods moving across the globe. Most trade—80 percent by volume—moves through seaports. Trade in developing countries makes up a good chunk of the total, and is growing fast. Handshake, IFC’s quarterly journal on public-private partnerships (PPPs), reports trade in developing countries is growing at nearly 14 percent.
And a lot of this trade is happening in Asia. In its June 21, 2012 issue, the Economist reports that the center of gravity of cargo trade is shifting from Europe to Asia. So it should come as no surprise that Asia is leading investment in seaports. Handshake reports that from 2000-2011, the East Asia Pacific region accounted for nearly $14 billion—32 percent—of private investment in seaports, mainly from China. The Philippines and Singapore are also major Asian investors in seaport projects.
Much of this investment comes through PPPs. Does this really make a difference? I’d say it does. Private sector financing and expertise make seaports and shipping more efficient. This in turn benefits emerging markets, which are becoming more and more engaged in global trade.
Could seaport investments be a predictor of future trends in trade? If so, Asia will become even more of a trade hotspot than it is today.
For further information, read Issue #6 of Handshake: Air & Sea PPPs.
|The report says that a highly-educated, healthier and skilled workforce will enhance productivity.|
Economic news coming from the Philippines is surprisingly positive, and this has not gone unnoticed in international circles, judging by the number of inquiries we—the World Bank economic team in Manila that I am now leading—are getting. Our GDP growth forecast for 2012 (included in the new Philippines Quarterly Update report) is a solid 4.6 percent, while the first quarter saw an even more respectable growth rate of 6.4 percent. Other good news: foreign direct investment doubled in the first quarter, exports were up by 18 percent, and two ratings agencies upgraded their outlook on the Philippines.
However, the economy faces two challenges going forward: it will need to defend itself against a global slowdown, and it will also need to create a more inclusive growth pattern—one that creates more and better jobs, because performance on job creation has not been part of the positive news coming from the Philippines for quite a while now.
We know the impact of violence can last generations. We also know that people can be affected by repeated cycles of conflict and instability. The result is that the poor get poorer and become less resilient to further shocks, whether natural or man-made.
|Daru Village Court in Papua New Guinea|
What accounts for whether hybrid courts stick as relevant and useful institutions, as opposed to withering as a ‘neither-nor’ – neither regarded as a familiar community mechanism, nor as having the full backing of the state? In my previous blog entry, “History of Hybrid Courts in East Asia & Pacific: A ‘best fit’ approach to justice reform?”, I discussed the emergence of hybrid courts. In this post, I’ll raise three elements which seem to be essential characteristics of successful hybrid court systems: legitimacy, effectiveness, and flexibility.
It took 41 years for the fastest developing 20 countries in the 20th century to achieve basic transformations in the rule of law. However, the World Development Report 2011 suggests that fragile countries cannot afford to wait that long. Instead, in managing disputes, it is imperative for governments and the international community to support arrangements that fit each country context, take into account capacity constraints in government and the local level, and respond to the needs of users. Justice reform should be measured accordingly from a functional perspective—based on the needs of users—rather than abstract modeling of institutions on western approaches.
|A power substation in Yingxhou, Sichuan Province was almost totally destroyed in the magnitude 7.9 Sichuan-Wenchuan earthquake in 2008.|
The statistics are startling. 75% of global flood mortality risk is concentrated in only three Asian countries: Bangladesh, China and India. 85 % of deaths from tropical cyclones are in just two Asian countries: Bangladesh and India. Indeed, Bangladesh alone accounts for over three-quarters of people dying from tropical cyclones. 85% of global earthquake risk is concentrated in only 12% of the earth’s surface—a large part of it in Asia. In 2009, six of the ten countries with the highest mortality rates and GDP losses from natural disasters were in Asia. 82% of all lives lost in disasters since 1997, are in Asian countries.