Latin American and the Caribbean accounts for only 8 percent of the world’s population, but for 37 percent of the world’s homicides. Eight out of the 10 most violent countries in the world are in the region, where there were an average of 24 homicides per 100,000 people per year in 2012. Read more in "Stop the Violence in Latin America"
Recent data on hourly wages in Latin America and the Caribbean (LAC) reveal that Latin Americans working in the non-tradable sector (as in construction, transportation, hotels, or education) earn much more than workers in low-skill tradable sectors such as agriculture or low-tech manufacturing, and closer to high-skill workers in the tradable sector such as high-tech manufacturing or finance. Despite slight variations across countries, in 11 out of 17 countries studied, the difference between wages in low-skill tradable and non-tradable sectors has grown over the last ten years. In most of these countries, hourly wages display a distinct trend: positive growth for high-skill tradable and non-tradable wages, and stagnating, or even declining for low-skill tradable wages.
Source: World Bank's LAC Equity Lab
The answer put forward by World Development Report (WDR) 2017 is better governance – the ways in which governments and citizens work together to design and implement policies.
The report is a detailed exploration of a complex topic. I won’t be able to do it justice in a short blog – I’d encourage you to download the report and summary here.
What I will do though, is pull out a few of the charts and ideas I found most striking while reading through it – have a look below and let us know what you think.
Constitutions – fundamental principles or laws governing countries – have proliferated since the late 18th century. The growing numbers, especially since the 1940s, correspond to the postcolonial increase in the number of independent states, and more recently the breakup of the Soviet Union.
… but they are often replaced or amended
– the average lifespan of a constitution is 19 years, and in Latin America and eastern Europe it is a mere eight years.
Over the last 25 years, different forms of gender quotas for representation in national legislatures have spread globally. Out of 74 countries studied where gender quota laws were passed, the 2017 World Development Report finds that 26 had achieved the quotes, and as of 2016, 48 countries had yet to do so.
Read more in 11 charts from the 2017 World Development Report on Governance & The Law
Energy and non-energy commodity price indexes are projected to increase by 26 and 3 percent respectively in 2017. The Agricultural Price Index is expected to remain stable. Prices for industrial commodities such as energy and metals appear to have bottomed out in 2016, and are forecast to rise substantially this year due to strong demand and tight supplies. Read more in Commodity Markets Outlook.
In the past five years, the World Bank’s Country Opinion Survey Program surveyed more than 25 thousand opinion leaders in the field of development in nearly all client countries across the globe. In some countries the surveys were conducted two or even three times during 2012-2016.
"What is the most important development priority for your country?" was one of the questions to representatives of national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in developing countries.
At the global level, -- where 57 million children in the world still remain out of school, -- “education” has emerged amongst survey respondents as one of the top two development priorities across the regions.
Percentage and number of opinion leaders seeing “education” as a top development priority by region (123 developing countries, 2012-2016).
The National Bureau of Statistics (NBS) in collaboration with the World Bank’s Living Standards Measurement Study (LSMS) team launched the third wave (2015–16) of the Nigeria General Household Survey (GHS)-Panel in Abuja, on December 13, 2016.
The GHS-Panel survey is a nationally representative survey administered every 2–3 years, that covers a range of topics including demography, education, welfare, agriculture, health and food security. The data is collected in two visits: post-planting and post-harvest seasons. The survey follows the same households over time and collects a rich set of information, to allow for comprehensive time-series analyses that can help shape policies for a wide array of development sectors. Here are some interesting findings from the 2015–16 survey:
Low commodity prices and weak global trade continue to create challenging conditions for commodity-exporting, emerging markets and developing economies. According to the Global Economic Prospects, in 2016 commodity exporters in these economies grew more slowly than commodity importers did.
The World Bank Group just launched a new open data platform for trade and competitiveness – TCdata360. Try it today and share your visuals on Twitter with the hashtag #TCdata360.
Open data – statistics that are accessible to all at little or no cost – is a critical component of global development and the World Bank Group’s twin goals of ending poverty and boosting shared prosperity. How can we measure progress towards our objectives without a method of tracking how far we’ve come?
High quality and freely available data serves different stakeholders in different ways. For those of us working in global development, data helps us set baselines, identify what types of policies are effective, track progress and evaluate impact. For the private sector, open data helps companies operate more efficiently, identify areas where industries can improve, and pinpoint areas for new investment. Citizens benefit from open data by getting an understanding of what governments are doing to help them, and transparent data can help reinforce trust. The public sector utilizes data in many ways, including tracking progress against peers and pinpointing areas where countries might be excelling or lagging behind.
The World Bank Group offers a variety of open data sources for public use. The newest platform, TCdata360, focuses on trade and competitiveness and aggregates thousands of data points from dozens of vetted sources. This type of high quality data helps us get an unbiased, objective, and comprehensive view of how the world economy works and demonstrates how all the pieces of the global economy are integrated. Without it, there would be no evidence base on areas that we know to be critical for development, such as global value chains, foreign direct investment, or even starting new businesses.
TCdata360 has three distinct advantages over other data websites:
It’s comprehensive. TCdata360 offers 2,000 indicators aggregated from across more than 20 data sources. These sources include other well-known World Bank Group data sets such as Doing Business, the Logistics Performance Index, and the World Development Indicators, as well as data from other reputable sources, including the IMF, World Economic Forum, United Nations, and WTO. It’s a one-stop shop for all things trade and competitiveness, one that does not exist anywhere else
It’s constantly updated. Because TCdata360 pulls data from other sources as soon as they are updated, TCdata360 is updated. This eliminates the need for searching around for the most current figures on trade and competitiveness – TCdata360 will always be current.
- It’s easy to use. You do not need to be a trade expert or economist to use TCdata360. There are no complicated queries to manage or spreadsheets to navigate. The site is visual and is based on easy-to-interpret charts, graphs and maps, which are all downloadable and shareable. It’s simple, interactive and visual. For advanced users, it offers features like an API (application programming interface).