Today the world is celebrating End Poverty Day. In fact, it is the 25th anniversary of End Poverty Day. Twenty-five years is often thought of as the passing of one generation so it is particularly timely that, as we celebrate the call to action that this day symbolizes, we look at how things have changed for the generation that has grown into adulthood since the very first End Poverty Day. In an analysis done by the World Bank released today we have looked at how the current generation of young adults has done when compared to their parents in terms of educational attainment.
Fears abound that automation and other advanced technologies will lead to job losses for lower-skilled workers in emerging economies and exacerbate inequality. Each new wave of technological progress is met with dire predictions. The most critic argue that the unprecedented pace of technological change today will have more dramatic effects on the future of work as new technologies (including robots and artificial intelligence) are increasingly replacing more educated workers and more cognitive and analytical work. At the same time, many economists argue that technology adoption will significantly increase firm productivity and result in job expansion, at least in the medium run under certain policy conditions. The impacts of technology adoption on overall employment and on the skills composition of occupations are ultimately an empirical question.
The International Day of Peace is celebrated on September 21st. After more than 50 years of civil war, we finally have a national Peace Day to celebrate in Colombia, too.
The knowledge acquired in Brazil in a South-South Exchange mission in 2015 is helping India in its clean energy journey
In the Dominican Republic, more than one third of young women aged between 18 and 22 get married or form an informal union before turning 18, while one in five has already given birth before reaching that age. Child marriage is not only a moral issue; it also has economic impacts for the country.
A matching grant enabled the Brazilian cooperative Coopervoltapinho to build a rice silo. All photos by Romeu Scirea.
Imagine driving along a rural road and seeing many small farms, all growing flourishing crops. Would you know how the farmers obtained the funds to plant these crops, enhance their productivity, and deliver them to market?
If you didn’t have an opportunity to purchase a safe, well-constructed home in a good location, what would you do? Live with relatives? Rent an apartment? Or, build a home in a less desirable, or potentially vulnerable area prone to natural disasters where you may not have clear property ownership but with the hope that one day you will become the owner officially? These are the decisions many families face in Peru, a middle income country with the third highest housing deficit in Latin America.
Productivity is the outcome of the functioning of an economy – both at the micro and macro levels. Therefore, we need to focus on the drivers of productivity if we want to shrink the efficiency gap.
I recently visited the small villages nestled in the mountains between Oaxaca and Veracruz to meet with women entrepreneurs running small forestry, toymaking, ecotourism and coffee businesses. I went to hear first hand their experiences starting businesses and taking on leadership roles in their communities. I also wanted to understand the challenges faced by them and generations of women to come.