That's my main takeaway from just-released data based on surveys of over 1,800 firms in eastern Europe. In mid-July 2009, firms in six countries were asked whether they had seen an increase, decrease, or no change in sales from the previous year. The numbers then were not pretty—75% of firms reported a decrease in sales (based on an average of country-level data).
Considerable effort and attention has been devoted to market-oriented reforms in the manufacturing and financial sectors and in physical infrastructure. While these are undoubtedly important sectors, there is very little by way of research on agricultural market reforms—loosely defined as deregulation of agricultural markets.
No, I don't mean investing in health systems, education, sanitation, etc. I'm talking about taking an equity stake in the future earnings of poor people.
OK, the title is deliberatively provocative. But I found a coincidence of two blog posts last week to be quite powerful. Last week we had a blog post from Dave Snowden that challenged the "data to information, information to knowledge and wisdom" continuum that has informed so many of the knowledge management efforts in the non-profit and public sector:
In a previous post, I highlighted the importance of focusing on the informal sector in developing countries. Most obviously, the informal sector in many developing countries is large.
Back in December, I asked whether the World Bank ought to consider offering its staff phones that can run apps that utilize new augmented reality tech
Anecdotal evidence suggests that working from home makes it easier to balance work and family life. Women may be particularly likely to work from home since they are often viewed as the primary caregivers in the family in most developing countries. However, there is some concern in the literature that family responsibility may limit women’s ability to run a business, leading to fewer hours of operation and lower efficiency for home-based businesses run by women.
I get annoyed by the $3 fees I sometimes get charged by ATMs, but this figure pales in comparison to the high cost migrants face in sending remittances. According to World Bank estimates, some $317 billion in remittances were sent to developing countries in 2009. This money is often a vital income-stream for recipients.