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Rising Tides Raise Some Boats More Than Others

Mabruk Kabir's picture

Like a Bollywood dance sequence, South Asia’s growth numbers tend to dazzle. It is the second-fastest-growing region in the world after East Asia. But behind the glamour lies a paradox. Despite robust economic growth, the total number of people living in poverty in South Asia has not fallen fast enough. Today, there are more poor people living under $1.25 a day in South Asia than in Sub-Saharan Africa.

Social indicators are lagging as well. South Asia has the highest rates of malnutrition in the world, with 250 million children undernourished. More than 30 million children still do not go to school. Gender discrimination remains a scar. Women’s labor-force participation in the region is among the world’s lowest, boys outnumber girls in school enrollment, and legal and judicial systems still do not address systemic gender violence.

Six Takeaways for South Asia from Korea's Green Cities Initiatives

Ming Zhang's picture

Cheong Gye Cheon Stream in Seoul, KoreaLast week a group of Bank staff joined our clients from the South Asia region for an Urbanization Knowledge Platform event on green cities. The event was held in Seoul and Daegu, respectively the largest and third-largest cities in Korea. It was hosted by the Korea Research Institute for Human Settlements (KRIHS), Korea’s premier institute responsible for urban, regional, infrastructure, land, and housing planning and research. The idea was for clients and Bank staff to learn firsthand about green city development as it happens on the ground in Korea. The following are my six takeaways from the workshops and field visits during the week.

Greening Cities in South Asian Shades

Rajib Upadhya's picture

"It's Possible!" read the roadside sign as our bus pulled into Sejong, the Republic of Korea’s future face to the world. We soon understood why Sejong is being billed as "Asia’s Green Metropolis of the Future" and Korea's new growth engine.

Our trip to Sejong this week was organized by the Korea Research Institute for Human Settlements (KRIHS), a partner with the World Bank’s flagship program on urbanization in South Asia. The program has formed a network of city leaders, policy makers, urban planners and practitioners from across the region to put the world’s best knowledge and data in their hands, and to harness urban growth for faster poverty alleviation and better development outcomes. The idea behind the trip was to take inspiration from Korea’s vision of becoming one of five top-ranked Green Economies by 2050 and to learn from cutting-edge Korean examples in green urban development for possible application in South Asian cities as they grow in size and numbers.

Challenges in Alleviating Poverty through Urbanization

Yue Li's picture

A streetscape in Korea shows bustling urban growthOver the last quarter-century, the number of urban dwellers in South Asia has more than doubled to almost 500 million. In India alone, the number of city dwellers has grown by 122 million. Delhi, Karachi, Kolkata and Dhaka have all joined Mumbai in the league of mega-cities. And yet, urbanization in South Asia has barely begun. With about 30% of its population living in cities, South Asia is the least urbanized in the world. But in the 20 years to come, South Asia will urbanize faster than any other region of the world, with the exception of East Asia. This rapid urbanization can be a powerful engine in accelerating poverty alleviation. But most cities in the region are struggling to cope with even the current level of urbanization. Can South Asian cities support the growing urban economy and population and become centers of shared prosperity, or will they become centers of grief?

Art Contest Winners Announced

South Asia's picture

The results are in! The selection committee has chosen 25 winners in the World Bank’s Imagining Our Future Together art contest for young artists.

"With sensitive brush strokes and unusual photo angles, the young artists of Imagining our Future Together offer jointly for the first time a harmonious and joyous regional song of beauty, poetry, irony, and talent," said Marina Galvani, art curator for the World Bank.

What Can South Asia Do to Make the Big Leap?

Ejaz Ghani's picture

Last week, I discussed the optimistic and pessimistic views of South Asia's development potential. As I highlighted in my book, Reshaping Tomorrow, South Asia is among the fastest growing regions in the world, but it is also home to the largest concentration of people living in conditions of debilitating poverty, human misery, gender disparities, and conflict.

I also ask if South Asia is Ready for the Big Leap. The optimistic view is that India will achieve double-digit growth rates benefiting the rest of South Asia. The pessimistic view is that growth will be derailed by structural and transformational challenges. In this entry, I will make some suggestions on how South Asia could realize the optimistic view.

What can be done?

Imagining our Future Together Art Competition Update

South Asia's picture

On April 3, 2012, the World Bank announced the “Imagining Our Future Together” art exhibition competition for young artists (those born after 1975) to submit samples of their work to be included in an upcoming traveling exhibition, “South Asia Artists: Imagining Our Future Together.” The deadline for submissions was April 30, 2012.

We received applications from 231 artists in all eight South Asian countries:

Afghanistan: 41
Bangladesh: 25
Bhutan: 7
India: 83
Maldives: 2
Nepal: 15
Pakistan: 50
Sri Lanka: 8

What Will South Asia Look Like in 2025?

Ejaz Ghani's picture

South Asia is among the fastest growing regions in the world, but it is also home to the largest concentration of people living in conditions of debilitating poverty, human misery, gender disparities, and conflict. In my book, Reshaping Tomorrow, I ask if South Asia is Ready for the Big Leap. 

The optimistic view is that India will achieve double-digit growth rates benefitting the rest of South Asia. The pessimistic view is that growth will be derailed by structural and transformational challenges. Which of these two outlooks will prevail?

The Optimistic Outlook

The optimistic outlook is based on favorable trends, including improved governance, the demographic dividend, the rise of the middle class, and the new faces of globalization. 

All countries in the region have an elected government for the first time since independence leading to governance that is more focused on development. Improved governance will enhance the politics of democratic accountability; diminishing the importance of identity politics; and the rates of incumbency – the likelihood of a sitting politician being re-elected – are down.

The Unbanked in South Asia

Leora Klapper's picture

What is the account penetration among women in South Asia? Has the spread of bank agents affected how adults do their banking in Bangladesh and Nepal? How are people all over South Asia saving, borrowing, making payments and managing risk?

In the past, the view of financial inclusion in SAR has been incomplete, and the details unsatisfying. A patchwork of data from diverse and often incompatible household and central bank surveys was the only information available with which to construct a regional picture.

With the release of the Global Financial Inclusion Indicators (Global Findex) we now have a comprehensive, individual-level, and publicly-available database that allows for comparisons across 148 economies of how adults around the world manage their daily finances and plan for the future. The Global Findex database also identifies barriers to financial inclusion, such as cost, travel time, distance, amount of paper work, and income inequality.

Make Trade, Not War in South Asia: Toward Regional Integration

Elizabeth Howton's picture

Can economics trump politics in South Asia, a region fragmented by decades of strife? Will greater regional cooperation and lowering barriers to trade bring harmony along with economic growth?

Those were the questions on the table Thursday as a panel from across the region discussed “Breaking Down Barriers: A New Dawn in Trade and Regional Cooperation in South Asia.”

Most panelists expressed optimism about trade’s pacifying abilities. Moderator Barkha Dutt, an Indian television journalist, opined that “What trade does, in its very ordinariness, is modulate the emotions.” Teresita Schaffer, former U.S. ambassador to Sri Lanka, agreed that “Trade can provide another conversation… and provide reasons why rivalries should not be allowed to get out of hand.”

But which comes first, the chicken or the egg? asked another panelist, Nepali journalist Kanak Dixit. Clearly, he said, it’s the chicken (commerce), because other things have been tried and have not worked. He said that “chicken” will lay two “eggs”: peace and prosperity.

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