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It’s Simply About Being Human

Joe Qian's picture

When we first discussed the prospects of inviting youth delegates from South Asia to attend the Annual Meetings, I must admit that I was initially ambivalent. However, the launch of More and Better Jobs in South Asia was imminent and it found that the region needs to create over one million new jobs a month over the next two decades to sustain employment for young people. How could we write about prospects for this group without hearing from them? With that in mind, we asked what More and Better Jobs mean to them and received an overwhelming response; over 11,000 application views and hundreds of exceptional applicants.

When the six delegates arrived, I was quickly struck by the intelligence, passion, and honesty that emanated from the group. Additional to the fresh, bold, and articulate ideas on employment themes such as equity, skills, and governance in their essays; they all took initiative for the betterment of their own communities with significant dedication and sacrifices.

Impact of the Financial Crisis on New Firm Registration

Leora Klapper's picture

As reports of sluggish global job creation continue, some look to new firms as a source of net job creation (Haltiwanger, 2011). But the lead article of this month’s Economics Letters, citing panel data from 93 countries, shows that most countries experienced a sharp drop in new firm registration during the financial crisis. As discussed in an earlier blog, relatively larger contractions are seen in countries with more developed financial markets and where entrepreneurs depend more on banks for start-up capital.

Is an Email the Best Way to Get Attention?

Caroline Jaine's picture

I’ve been having a look at business communications in the UK this month – with some surprising discoveries for our brilliant 21st Century connected world. 

Twenty-five years ago, as an office junior, I would marvel at the wonders of a fax-machine. The speed that a written message could be pushed down a telephone line and be printed out at the other end in curls of warm paper was wonderment. Colleagues would actually rush to the machine when it rang, to see what would come out and from whom.  Today fax-machines are rarely used, and when they are, their pace appears exhaustingly slow and eyes roll to the sky as a whole bundle of papers gets dragged into the jaws of the machine, meaning the exercise needs repeating. It feels inefficient.

Corporate governance creeps into Mongolian business education programs

David Lawrence's picture

It shouldn’t surprise anyone that a company interested in attracting investment might want to improve its corporate governance. The link between good governance and investor comfort is well-established, and IFC has seen growing demand for better corporate governance in many countries where there is serious interest in foreign investment.

Unique pitfalls in the analysis of networks

Jed Friedman's picture

Network analysis is a burgeoning sub-field in development economics as more and more attention is paid to how individual preferences and behaviors are influenced by decisions in the wider community. One example is the 2007 Kremer and Miguel paper that explores the determinants of take-up of deworming medicine by regressing take-up on the number of connections that the household has with other treated households.

Creating a culture of giving

Guest Blogger's picture

Being a volunteer in Lebanon is not an easy task. People tend to encourage us superficially but they actually do not understand the reason why we would spend our time doing something for free when we can be working on something more profitable - at least to help with our summer expenses or university tuition. It is also pretty hard to bring in or recruit volunteers! I have heard recruiting for such an effort was much easier in the past when my parents were my age. People had fewer distractions and were more committed to the concept of helping each other.

What Does More and Better Jobs in South Asia Mean?

Pradeep Mitra's picture

The Track Record

Imagine adding the population of Sweden—somewhat under 10 million— to your labor force year after year for a decade. Insist that the wage workers among them earn increasing real wages and that poverty among the self-employed decline over time. What you have just described is not quite South Asia's record on the quantity and quality of job creation between 2000 and 2010. The region has done better.

Poverty has fallen, not only among the self-employed, but among all types of workers—casual laborers who are the poorest, regular wage and salary earners who are the richest and the self-employed who are in between. This hierarchy of poverty rates among the three employment types has endured over decades. Thus improvements in job quality have occurred predominantly within each employment type rather than through movement across types. The composition of the labor force among the employment types shows little change over time. The self-employed, many of whom are in farming, comprise the largest share, reflecting the predominance of agriculture in much of the region. Casual laborers make up the second largest share in rural areas.

Measuring work

Markus Goldstein's picture

I was in a meeting the other week where we were wrestling with the issue of how to capture better labor supply in agricultural surveys.   This is tough – the farms are often far from the house, tasks are often dispersed across time, with some of them being a small amount of hours – either in total or on a given day.   Families can have more than one farm, weakening what household members know about how the others spend their time.   One of the interesting papers that came up was a study by Elena Bardasi, Kathleen Beegle, Andrew Dllon and Pieter Serneels.  Before turning to their results its worth spending a bit more time discussing what could be going on. 

Two things would seem to matter (among others).  First, who you ask could shape the information you get.    We’ve had multiple posts in the past about imperfections in within household information.   These posts have talked about income and consumption and while labor would arguably be easier to observe, it may suffer from the same strategic motives for concealment and thus be underreported when the enumerator asks someone other than the actual worker to respond on this.   

Cross-Border Banking Linkages: Good or Bad for Banking Stability?

Martin Cihak's picture

When a country’s banking sector becomes more linked to banks abroad, does it get more or less prone to a banking crisis? In other words, should cross-border banking linkages be welcomed? Or should they be approached with caution or perhaps even suppressed in some way?

The recent global financial crisis has illustrated quite dramatically that increased financial linkages across borders can have a ‘dark side’: they can make it easier for disruptions in one country to be transmitted to other countries and to mutate into systemic problems with global implications. 

But financial cross-border linkages may also benefit economies in various ways. They can provide new funding and investment opportunities, contributing to rapid economic growth, as witnessed in many countries in the early part of the 2000s. The more ‘dense’ linkages also provide a greater diversity of funding options, so when there are funding problems in one jurisdiction, there are potentially many ‘safety valves’ in terms of alternative funding.


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