In the context of a global economic slowdown and the search for balanced economic growth, I offer some elements for discussion.
All countries aspire to strong, sustainable economic growth given that it makes reducing poverty and expanding opportunities for all citizens much more feasible. There is no doubt about that. But how are high rates of growth achieved over the long term?
The World Bank Vice President for Latin America and the Caribbean, Hasan Tuluy, is in Mexico for the inauguration of the new government. In this video blog, Tuluy explains how Mexico and the World Bank will continue to work together to build a more prosperous society that benefits everyone.
So you may be wondering if those scenes from the movie 2012 are not too much of a stretch after all, huh?
In the Hollywood blockbuster, apocalyptic images of rising oceans, erupting volcanoes and crumbling cities prelude the end of the world as we know it. Well, let me tell you that even though I’m not a great fan of end-of-days films –I think they oversimplify issues and de-sensitize the public-- I do believe that the world as we know it is on a path to dangerous climate change
Since the Great Recession of 2008, there has been a widespread sense of malaise among the American middle class. Their incomes are close to stagnant, employment has not recovered, and the gap between them and the famously rich top 1% continues to grow. Look south of the Rio Grande, though, and it is quite a different picture. In the last decade, moderate poverty (under U$ 4 a day) in Latin America and the Caribbean fell from over 40% to 28%.
With its long trail of death and destruction spanning the Caribbean and the US East Coast, hurricane Sandy will surely be remembered as one of the most damaging storms in recent history. As I write this blog, Sandy has claimed over 100 lives and caused more than US$50 billion in damages.
After ravaging Cuba, Haiti and Jamaica, Sandy took a turn to the Northeast, instead of pursuing a westerly trajectory, sparing the Gulf of Mexico coastline from its deadly punch.
Water is vital, not only for people but also for green policies in Latin America and the Caribbean. Managing it not only includes preventing fatalities due to natural disasters or climate change adaptation but also providing the most vulnerable people with access to drinking water.
This is why one of the most important “green¨challenges the region faces is to create an efficient, practical and accessible water supply for all. In this video blog, Ede Ijjasz-Vasquez, World Bank Sector Director for Sustainable Development for Latin America and the Caribbean, explains Mexico´s achievements and successes in this area.
The earthquake in Costa Rica caused serious damage, including to major national utilities such as the water network. More than 1.3 million people in San Jose depend on this system for their daily water supply. The good news though, is that the supply of this vital resource is secure, thereby saving lives and inconvenience.
Although fictional, imagine receiving this piece of good news in the midst of a disaster, as described above.
What’s more. If you are an engineer like I am, imagine the Costa Rican Institute of Aqueducts and Sewers (s) (AyA or government water agency) reported that, while more than 15% of its infrastructure had been damaged extensively by this hypothetical earthquake, vital components such as water towers and pumping stations hadn’t been compromised.
Do longer classroom hours equal good grades? Spending more time in school is a subject currently being discussed as one solution to improving students' academic performance with the ultimate goal of making countries more competitive in the global economy.
This is true for emerging and advanced economies alike.
Women are increasingly becoming Latin America's critical development partners. Moms, students, working professionals, women from all walks of life, are a driving force behind a gender revolution that has made huge contributions to our region's prosperity.
Over the last decade, Latin American countries have made big strides in reducing poverty and bringing down inequality. And much of that progress, we now know, can be credited to women. So much so that, had there not been so many women in the workforce, extreme poverty in the region in 2010 would have been 30 percent higher. Something similar can be said about the region's recent inroads against persistent inequality, as highlighted in Poverty and Labor Brief: The Effect of Women's Economic Power in Latin America and the Caribbean.
Costa Rica has become the crown jewel of Latin America in terms of environmental protection and its respect for biodiversity. After more than 10 years of putting “green” policies in to practice to protect its forests – which cover 51% of its land mass- the Central American country aims to be fully carbon neutral by 2021, the first to reach this global milestone.
“In the 1970s, we destroyed much of the forest and now I want to reverse the damage we’ve done to humanity,” says Virgilio, owner of a 196-hectare lot in Puriscal and participant in an innovative program that provides money to small and mid-sized property owners to encourage them to take care of their land. So far, the program has managed to protect 12% of the country’s forests.
During my visit to Costa Rica to film this video on the country’s environmental advances, I also spoke with Sandra María, a woman who manages a small inn many would pay a fortune for the opportunity to visit. “Here we don’t cut trees down 3because trees give life,” she says with the confidence of one who knows she is doing the right thing.