The gig economy matches businesses to consumers through digital platforms. It serves local communities such as Tutorama, an Egyptian online platform connecting students with local private tutors. In Jordan, refugee women who have limited mobility are able to make a living by selling home-cooked dishes through Bilforon, a food-delivery platform. In 2018, more than five thousand women domestic workers earned income through SweepSouth, a home cleaning service platform in South Africa.
The Middle East and North Africa region have some of the best educated, unemployed people in the world. High-skill university graduates currently make up almost 30 percent of the unemployed pool of labor in MENA, many of them women. In Tunisia, slightly more than half of the working age population is out of work, the vast majority being women. Part of the problem is that, despite some economic growth, not enough new jobs are being created.
Are robots, friends or foes of the future of work? Automation is eliminating some routine jobs but, on the positive side, robots are good partners for workers engaged in tasks that demand analytical, interpersonal, and creative skills, as well as manual physical skills involving dexterity.
The OECD base erosion and profit shifting initiative, aimed at closing tax avoidance gaps in the international system, is meant to be inclusive. Today roughly two-thirds of the initiative’s members are emerging economies. Yet, as discussions expand to questions regarding who gets to tax what in the digital economy, it is becoming clear that the OECD is an unlikely forum for the task. Instead, institutions like the World Bank or the International Monetary Fund are the obvious conveners. These institutions have the global membership required for such decision-making.
From the e-commerce site Taobao.com to the social media app WeChat, China has drawn global attention to its digital platform economy. A third of the top-200 digital platforms were born in China according to the Global Platform Survey 2016. They are also growing fast. A 2017 report published by Ali Research shows that the digital platform sector contributes to 10.5% of China’s GDP.
We have been living with digital platforms for about a decade now and their impact on changing how we work is beginning to make itself felt. Even so, it merits much greater attention and investigation, but until now the spotlight has been trained firmly on robots and automation.
Tax avoidance by the world’s wealthiest people and largest companies is widespread. The excuse is that such avoidance is legal. Rich individuals and corporations look for jurisdictions that have low or no tax on personal or corporate income, on dividends, on capital or R&D expenditure. They base their business activities there, at least for the purposes of taxation.
After months of early NY Penn Station mornings trying to remember whether to get on the Amtrak north to New Haven or south to DC, I am thrilled to transition from incoming Chief Economist to Chief Economist. We have so many fascinating problems to tackle and I truly hope my experience and humble efforts will contribute to the Bank’s mission.
It is widely accepted that corporate tax avoidance is commonplace, but experts disagree over the precise amount of tax that corporations successfully avoid. One estimate for 2012 suggests that 50 percent of all foreign income of multinationals is reported in jurisdictions with an effective tax rate below 5 percent; another suggests it’s more like 40 percent. The OECD estimates that governments worldwide are missing out on anything between four and ten percent of global corporate income tax revenue every year, or US$100–$240 billion. While the accounting varies, one fact is clear: there is an unacceptable level of corporate tax avoidance, no matter how you do the math.
Twenty-four years ago, the country was torn apart by civil war and one of the worst genocides human history has known; one in which more than a million people were killed in only three months.
Now, with years of sustained economic growth—predicted to be around 6.5% this year, the country is well on the way to achieving many of the ambitious development goals set out in the Rwandan Government’s ‘Vision 2020.’ This strategy seeks to move away from agriculture and rely instead on services and knowledge as the new engines of economic growth, with the objective of achieving middle-income status in the near term.
I had the privilege of getting a snapshot view of Rwanda’s success during the few days I spent in the country last month attending elearning Africa 2018, the continent’s largest conference on technology-assisted learning and training. The choice of Kigali as the location for this year’s conference is highly symbolic: Rwanda has put education and skills at the heart of its national strategy, and can send a powerful message to other African countries about the importance of investing in human capital to support overall development.
- Information and Communication Technologies
- Agriculture and Rural Development
- Global Economy
- Labor and Social Protection
- Private Sector Development
- Social Development
- Digital Technology
- digital development
- digital innovation
- Disruptive Technologies
- eLearning Africa
- skills building
- Human Capital
- The Changing Nature of Work
- labor market
- Future of Work
- youth employment
- high-speed Internet
- mobile technologies
- internet penetration
- Knowledge and Learning
- digital economy
- Fourth Industrial Revolution