To get children to attend school in developing countries, our approach has been primarily to assume that the schooling that is available is worth pursuing, meaning that the problem must be with some barrier to go to school despite a great desire to do so: perhaps the family cannot afford the costs of schooling; perhaps the schools are not good or too far; perhaps the children want to be in school but the parents prefer food today to educated daughter tomorrow; maybe people don’t know the value of schooling, etc.
Is the landscape of innovation, traditionally concentrated in a handful of OECD countries, shifting worldwide? To what extent has the recent economic crisis affected this change? And what may be the implications of this shift for global growth?
It was to tackle some of these pressing questions that a high-level symposium, bringing together policymakers from developing and developed countries including from Vietnam, Brazil and China; leading academics including Harvard University’s Philippe Aghion; and experts met in Paris in January 2012 at the invitation of the OECD and the Growth Dialogue, in partnership with the World Bank Institute.
Innovation has long been identified as central to sustained economic growth. With 2012 real GDP growth forecast globally at
Today, the Financial Action Task Force on money laundering (FATF), approved a revision to its 40+9 Recommendations on the fight against money laundering and the financing of terrorism (AML/CFT) with the release of a new set of 40 Recommendations.
These revised recommendations introduce some very fundamental changes, some of them critical for the client countries of the World Bank.
The Tech Awards, presented by Applied Materials, is a competition for social enterprises creatively using technology to benefit humanity.
Laureates have chance to win up to $75K, spend a week in the Silicon Valley for capacity development training, and attend a spectacular awards gala.
There are six different categories for the awards that include: Environment, Education, Health, Economic Development, and the new Young Innovator (under 26) and Sustainable Energy Awards.
Nominations for this program will close on April 6th, 2012. You can make a nomination for yourself or someone you know here.
For people in Madagascar who live with a disability, life is not easy.
Disabled people are often pointed at, isolated, separated from their families, or neglected. This is because disability is often considered a curse in a society where superstition is commonplace -- even if we prefer not to admit it ….
My life changed, when I met Fela. Her life story opened my eyes. My main three takeaways from my friendship with Fela are:
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During the second half of 2011, relations between Africa and Brazil continued to flourish as part of the historic trade, cultural and economic rapprochement of the two economic juggernauts. Specifically, African governments asked for more financing from the South American country to implement development projects, according to Brazil’s National Bank of Economic and Social Development (BNDES).
Key reasons for intensifying this relationship include the fact that Brazil is now the world’s sixth-largest economy (after China, the United States, France, Germany and Japan) and that it has become a major player in South-South cooperation.
Recently, India has seen a heated debate on the entry of foreign direct investment (FDI) in the country’s $400 billion retail market. In November 2011, the government proposed a policy change to open up the country’s multi-brand retail segment -- for retailers such as Wal-Mart and Carrefour. Foreign investors were to be allowed to own up to 51 percent of a multi-brand retailer if they invested at least $100 mn, with half spent on infrastructure development in India. Within weeks of the announcement, the government suspended the decision amid protests from opposition parties and small shopkeepers citing concerns over large scale job losses, especially in the small, unorganized retail sector.
What is FDI?
Foreign direct investment (FDI) refers to the net inflows of foreign investment to acquire a lasting management interest (more than 10 percent of voting stock) in a domestic company. In 1997, the government permitted 100 percent FDI in the wholesale cash and carry trade, in which customers arranged the transport of goods from wholesalers and paid for goods in cash (not credit), on a case-by-case basis.
"Very insightful, and I agree with most of the premises. The only one that stands out is the accreditation/social validation angle. IIT or Harvard graduate has a validation angle to employers, which will not go away for top institutions".
We had the exact same comment from a colleague on the blog recently and this blog summarizes some views on the subject:
After the Second World War, advanced economies began an ambitious process toward capital account liberalization, which prioritized the liberalization of trade, the maintenance of fixed exchange rates, and a commitment to current account convertibility.
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.