Syndicate content

Sparking Innovation and Entrepreneurship (Part II)

John Van Reenan's picture

As policy makers in developed and developing countries alike search for ways to boost productivity, create more and better jobs, increase wages, and lower poverty, they are increasingly focusing on stimulating innovation and entrepreneurship. How can this be done? We asked an expert on this topic – John Van Reenen, Director of the Centre for Economic Performance and Professor of Economics, London School of Economics. In Part II of this two-part series, he emphasizes the need for countries to not only find their comparative advantage but ensure that it is in an area where demand is likely to grow.

Sports for girls by girls

Matthew Groh's picture

        World Bank

What if the hokey pokey is really what it’s all about? Last summer, the World Bank (thanks to the Youth Innovation Fund!) teamed up with Reclaim Childhood to host a sports camp for young girls in Jordan. Over the course of four weeks, 400 young girls from refugee communities in Amman attended the camp, learned new sports, and played games. What made camp especially unique was the cultural diversity of its campers and staff.

Prospects Daily: Australia and Uganda cut policy rate, Brazil’s industrial production accelerates

Global Macroeconomics Team's picture

Financial Markets… The euro rose to a six-week high against the dollar, appreciating to $1.3077, and Europe’s benchmark stock index (Stoxx Europe 600) gained for a second day, as growing optimism over a successful Greek buyback program boosted investor sentiment. Greece started the €10 billion ($13 billion) repurchase of government bonds maturing between 2023 and 2042 on Monday.

What has the World Bank done for your neighborhood lately?

Prasanna Lal Das's picture

Let’s say you are in the middle of what others may call ‘nowhere’ and need information on the Bank’s work in the vicinity before an upcoming meeting with local officials. Or you are a civil society organization rep and want to make sure that the numbers you have about a particular project are the same as what the Bank reports (and if not, you want to know why not).

Your laptop is no good because - it is the middle of nowhere after all! - and you can only rue your decision to leave your stack of papers behind.

What do you do? Well, the answer might be in your pocket.

It took longer than we'd hoped but it's finally here - the new World Bank Finances app answers many of the questions you asked after the release of the first version last year (click here to download the new version for Android; an updated iOS version will be out soon). 


How to Get a Job in Development - An FP2P Guide

Duncan Green's picture

There’s nothing like a lecture tour to bring home just how many bright young people are desperate to work in development, and how hard we make it for them (is this a deliberate form of institutional Darwinism, in which only the most determined survive?)  So I’ve gone back over a few previous bits of advice from me and others, to produce this revamped FP2P guide to throwing your life away getting a job in development.

I won’t give advice on what to study – if you’re reading this, it’s probably too late anyway. But in any case, qualifications are not enough – you need to get involved in organising relevant activities at your university, depending on your interests (e.g. Engineers Without Borders, Amnesty International, assorted International Development committees). You’ll learn a lot, make great contacts and friends, and develop skills that NGOs prize (organisational abilities, putting on events, writing, debating etc).

Then, decide what kind of work you are interested in. Research? Programme work on the ground? Emergencies (conflict refugees, disaster reconstruction etc)? Advocacy and lobbying? Public campaigning?

Four Ways to Talk About Big Data

Elena Kvochko's picture

A growing trend towards digitization, digital storing, processing, and managing of information, as well as the spread of electronic devices and electronic communication lead to generation of high volumes of data. “Big data” collected from sensors, mobile devices, and computers create new opportunities, as well as new challenges for the way organizations operatee.

When people don’t behave according to economic models

David Evans's picture

What falls outside the standard assumptions and models of economics?  How does that matter for development?  Last week, the Africa Chief Economist’s Office and the Development Economics Research Group of the World Bank sponsored a star-studded course exploring exactly this issue.

Nobel Prize winner George Akerlof highlighted how, because of all the advantages of markets, we ignore the traps that come along with them.  Sellers can deceive buyers and prey on their unconscious biases, lack of self-control, and naiveté. 

Using his famous “lemons” market example, Akerlof showed that, instead of there being no equilibrium, naïve buyers will in equilibrium buy poor-quality used cars. He calls this phenomenon “Phishing for Phools”.

Shocking facts about primary health care in India, and their implications

Adam Wagstaff's picture

There’s nothing quite like a cold shower of shocking statistics to get you thinking. A paper that came out in Health Affairs today, written by my colleague Jishnu Das and his collaborators, is just such a cold shower.

Fake patients
Das and his colleagues spent 150 hours training each of 22 Indians to be credible fake patients. These actors were then sent into the consulting rooms of 305 medical providers – some in rural Madhya Pradesh (MP), others in urban Delhi – to allow the study team to assess the quality of care that the providers were delivering.

A lot of thought went into just what conditions the fake patients should pretend to have. The team wanted the conditions to be common, and to be ones that had established medical protocols with government-provided treatment checklists. The fake patients shouldn’t be subjected to invasive exams, and they needed to be able to be able to credibly describe invisible symptoms.

Global Forum on Migration and Development 2012: Mauritius - What a great forum!

Sonia Plaza's picture

I just attended the Global Forum on Migration and Development (GFMD)in Mauritius last November 21 -22, 2012. It was the first time that the GFMD was chaired by an African country. It was also the first time that the World Bank was invited to be a presenter (we are only observers in these meetings) in the Round Table - Supporting Migrants and Diaspora as Agents of Socioeconomic Change, co chaired by France, Kenya and Morocco. The Bank also wrote jointly with IFAD and IOM the background paper for this session.
See paper.


Pages