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Six ways to turn education spending into investments with high returns

Harry A. Patrinos's picture
Education is an investment: every year of schooling raises earnings by ten percent. Photo: Maxim Zolotukhin / World Bank

Last month, I joined a group of former education ministers and experts for a consultation on the key challenges facing ministries of education and how to formulate an appropriate curriculum.

Complexities of reputation management and policy making in a globalized world: Bangladesh after Rana Plaza

Sonia Jawaid Shaikh's picture

On April 24, 2013, a building called Rana Plaza in Dhaka came crashing down on thousands of workers, killing more than 1,100 and injuring more than 2,500 individuals. Unlike any other building collapse, this received widespread international attention - and continues to do so - because the building housed factories that sewed garments for many European and American clothing brands. As a result, a chunk of blame for the collapse and deaths was placed on retailers and brands that outsourced their work to Bangladesh, and particularly Rana Plaza.

Since the tragedy, these retailers and companies, both big and small, utilized several brand reputation management strategies. This, in turn, impacted the policies of the garment industry in Bangladesh. Primarily, two retailer blocs, The Accord and The Alliance, emerged which have created their own local and international dynamics.

The Accord is a legally binding agreement that has been signed by many European and North American companies and allows for factories to be vetted and shut down in case of non-compliance with safety standards. The Alliance, signed by North American groups such as Walmart and JC Penny, however, does not guarantee any such protections and allows companies to use their own rules with any legal requirements.

Interestingly, many companies who are either part of The Alliance or The Accord, choose not to publicise their participation in such agreements on their own websites. This allows them minimize any attention that could turn into criticism while still taking part in initiatives in case there ever is an inquiry from media, regulators, or other interested parties.

What if…we could help cities more effectively plan a lower-carbon future?

Stephen Hammer's picture
Visit worldbank.org/curb

If climate change were a jigsaw puzzle, cities would be a key piece right at the center of it. This was reinforced by more than 100 countries worldwide, which highlighted cities as a critical element of their greenhouse gas (GHG) emission reduction strategies in their national climate plans (aka INDCs) submitted to the UNFCCC in 2015.

Since the ensuing signing of the Paris Agreement, these countries have shifted gear to focus on turning their climate plans into actions. What if, as many of us may wonder, we could find a cost-effective and efficient way to help put cities—in developing and developed countries alike—onto a low-carbon path of growth?

CURB: Climate Action for Urban Sustainability, launched this Climate Week, is an attempt to do just that. A free, data-driven scenario planning tool, CURB can readily help cities identify and prioritize climate actions to reduce carbon emissions, improve overall efficiency, and boost jobs and livelihoods.

A joint vision for effective city planning

What CURB can do for cities owes very much to the inspiration and stories we have taken from them in developing the tool. It was a fortuitous few hours in early 2014 at the C40 Cities Climate Leadership Summit in Johannesburg, South Africa that really got the ball rolling on the development of CURB.

Weekly wire: The global forum

Roxanne Bauer's picture

World of NewsThese are some of the views and reports relevant to our readers that caught our attention this week.


Middle-Class Heroes: The Best Guarantee of Good Governance
Center for Global Development

The two economic developments that have garnered the most attention in recent years are the concentration of massive wealth in the richest one percent of the world’s population and the tremendous, growth-driven decline in extreme poverty in the developing world, especially in China. But just as important has been the emergence of large middle classes in developing countries around the planet. This phenomenon—the result of more than two decades of nearly continuous fast-paced global economic growth—has been good not only for economies but also for governance. After all, history suggests that a large and secure middle class is a solid foundation on which to build and sustain an effective, democratic state. Middle classes not only have the wherewithal to finance vital services such as roads and public education through taxes; they also demand regulations, the fair enforcement of contracts, and the rule of law more generally—public goods that create a level social and economic playing field on which all can prosper.

The State of Broadband: Broadband catalyzing sustainable development
Broadband Commission for Sustainable Development/UNESCO

The report finds that global broadband connectivity shows strong growth, with 300 million more people connected in 2016 than in 2015, putting the number of people online by the end of 2016 to 3.5 billion. However, more than half the world’s population (some 3.9 billion people) remains offline. The report highlights that offline populations, who are now found in more remote, rural areas, consist disproportionately of poorer, minority, less educated, and often female, members of society. The report traces the progress made towards achieving the Broadband Commission’s targets for broadband. Progress has been mixed.

How can cities reduce water-energy nexus pressures?

Robert C. Brears's picture
Credit: Water & Sanitation Program 

Cities over the past century have become the driving force of the global economy. Accounting for over half the world’s population and generating around 80% of global GDP, cities provide numerous opportunities for development and growth. Cities however bring about risks and challenges to people and the environment. By 2050, demand for water is projected to increase by 55% mainly due to increased demand from urban populations. At the same time demand for energy in providing water and wastewater treatment services will increase.

Economies of empathy: The moral dilemmas of charity fundraising

Iason Gabriel's picture

We’ve all been there. Leafing through a magazine, or on the subway, glancing up at the billboards, and then a moment of painful awareness as our eyes meet those of a starving child. Limbs grotesquely proportioned, belly distended, the image is accompanied by a request for help. For some small sum of money you too can save a life. Again you see the image… and reach for your phone. You text CHILD or SAVE or LIFE to the relevant organization. Then, conscience temporarily assuaged, you encounter a sinking feeling as you remember you’ve seen this before. How exactly will your donation help the child? What purpose do these images really serve?

Q & A: The importance of early childhood development in the Middle East and North Africa

Safaa El-Kogali's picture
 Egyptian Studio / Shutterstock.com

With the school year starting in the Middle East and North Africa (MENA), millions of children are busily preparing to resume their studies. Some, caught in conflict, may not be able to go to school at all; others may be joining schools in countries neighboring their own. At peace or in war, throughout MENA more emphasis is being placed on early education and care. World Bank Practice Manager for Education, Safaa El Tayeb El-Kogali, co-authored a study on Early Childhood Development (ECD) in 2015, which found that, with a few exceptions, the Middle East and North Africa (MENA) was faring poorly.

In Armenia, is the ‘economic pie’ smaller than it should be?

Laura Bailey's picture
Last week, I posed a provocative question – and today I would like to share some recent research by our analytical team here in Yerevan that looks at this issue in detail: what is the economic cost of Armenian women not participating in the labor market?

Is it possible that the constraints women face result in misallocated talent which constrains the overall economy and makes the economic pie artificially smaller?

In Armenia, is the ‘economic pie’ smaller than it should be?





















 

Media (R)evolutions: Audiences trust established news brands more than new brands or journalists

Roxanne Bauer's picture

New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.

News audiences typically trust institutions more than individuals. It is the news brand — its heritage, values, and journalistic standards — that people identify with, not the celebrity journalists or talking heads, according to the Reuters Digital News Report 2016 that surveyed over 50,000 online news consumers in 26 countries.

Who is this anonymous source? Did somebody pay the outlet to run this story? Can I trust the journalist to give me an unbiased report? These questions remain pertinent for contemporary news consumers, and the Digital News Report suggests that trust in the news is more strongly tied to trust in specific news brands than any other factor. In all 26 countries, trust in news organizations was the most important driver of overall trust, and was significantly more important than trust in journalists or freedom from undue governmental influence.  This perhaps signals that news audiences are weary of citizen journalism, blogs, and other forms of news that have not been vetted and, therefore, cannot be readily screened for bias.

However, an important point, often made by participants in the follow-up focus groups, was that trust in news brands takes a long time to build. Some news brands – typically those that have been around a long time – are often seen as main sources of news, and new outlets, even if they have a large reach, are considered secondary sources.


 

Combating poverty and building resilience through social protection

Michal Rutkowski's picture
Beneficiaries from a safety net program in Madagascar, most of them women, receive regular cash grants and training on nutrition, early childhood development and leadership skills. Photo by: Mohamad Al-Arief / World Bank

In the last few decades, we have seen an increase in the number of countries investing in social protection programs. These programs help individuals and families especially the poor and vulnerable cope with crises and shocks, invest in the health and education of their children, supporting young people by developing their skills and finding jobs, and protecting the aging population.


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