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Development 2.0 emerging from the blizzard

Michael Jarvis's picture

The current blizzard conditions in Washington D.C. are testing World Bank staff capabilities to work remotely. Advances in technology no longer mean we have to shut up shop completely - though some no doubt lament the loss of the care free snow day of the past.

Solving the microfinance savings riddle

A few months ago I discussed the release of the World Bank publication on Bringing Finance to Pakistan's Poor. One of the authors' key findings was that most Pakistanis have a strong aversion to debt, and are seeking financial channels to store their savings, rather than for borrowing. According to their survey data, most Pakistanis are more interested in accessing savings accounts than loans.

In search of PSD’s “holy grail”

The “holy grail” for those working in PSD is the scalable and sustainable business model that engages the poor while delivering social and developmental outcomes. Finding the PSD grail will potentially empower large numbers of poor men and women to find their own way out of poverty as well as generating, on a commercial basis, socially desirable goods and services. But there have been many false trails in the quest for the PSD grail. Among them are supply chain development initiatives that remain external to the economic lives of the poor, and heavily subsidized models tha

Got Behavioral Economics?

Anushka Thewarapperuma's picture

Despite economists’ frequent assumption that humans are rational economic agents, let’s admit it, we have limitations; we may be weak, altruistic, easily manipulated or scatter-brained among many other things. Thus, results based on, say field experiments relying on one-off interviews may tend to miss a lot of that important human behavior.

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