This week the Executive Board endorsed the Updated Governance and Anti-Corruption (GAC) Strategy. It is perhaps inevitable that at the end of a corporate strategy process one reflects a little on how it went, what one would do differently next time (not that I can contemplate for one moment any such 'next time' right now), and indeed, how things have changed since 2007.
Lessons from China, Brazil, Ukraine, Indonesia, the Philippines and Thailand, and looking empirically at fragile states and budget execution
Does transparency lead to development? Not necessarily. At least not when it comes to the oil, gas, and mining sectors. Transparency is important but far from sufficient to improve livelihoods. An ongoing discussion among practitioners on the Governance of Extractive Industries (GOXI) platform reveals a lack of clear answers to this question.
The term ‘political economy’ has become an increasingly popular part of the vernacular at the World Bank and other development agencies. In parallel, interest in the political economy aspects of development has also seen a resurgence in academia, within both economics and political science departments, and even in leading business programs.
The idea that citizens can directly contribute to strengthening the governance and quality of service delivery has been gaining momentum. The recent globabl uprisings, from revolutions in Egypt and Tunisia to the Occupy Wall Street movements here in the US, have highlighted the important role that individuals play in demanding more accountable governments and policies.
After a year of intensive consultation among development partners and with technical experts within the World Bank, I am pleased to announce that the World Bank Approach to Public Sector Management (2011-2020) has been agreed by the Public Sector Governance Board (the internal body that maintains professional standards on PSM and governance work within the Bank).
Over the past nine months or so we have been preparing an updated version of the 2007 Governance and Anti-Corruption (GAC) Strategy and Implementation Plan. Many consultations have been held–with senior management, informally with the Committee on Development Effectiveness, with front line operational staff, and with clients and partners.
Law and justice play a fundamental role in development processes. In rich and poor countries alike, regulations and rule systems—consisting of a complex web of formal institutions, informal arrangements and hybrid social norms—shape everything from education, land use and agriculture to labor standards, market exchange and everyday social interactions.
“The edge of chaos is the balance point where the components of a system never quite lock into place, and yet never quite dissolve into turbulence, either…The edge of chaos is the constantly shifting battle zone between stagnation and anarchy, the one place where a complex system can be spontaneous, adaptive and alive...” - M. Mitchell Waldrop, Complexity.
At a recent gathering of World Bank staff in Helsinki to take stock of progress on activities supported by the Nordic Trust Fund on Human Rights (NTF), one found lawyers, health specialists, economists and other social scientists. There were participants from all regions, from network anchors and from operations; there were those focused on research, those integrating human rights perspectives into operations, and those supporting our clients’ efforts to strengthen human rights.