The IT revolution has transformed labor markets globally in an unprecedented way. New jobs as well as new ways of working have appeared, and traditional skills and jobs have lost their dominance. World Bank Lead Economist Roberta Gatti looks at Poland's ability to address the challenges posed by these new realities.
The global apparel industry has been forced to face some tough and unpleasant realities in recent years, and has been criticized for engaging in a “race to the bottom” especially as it relates to the conditions under which some garments are manufactured.
When I got that quote by the French philosopher tattooed on my arm, I wasn’t thinking about world poverty. I wasn’t thinking about the environment or peace or conflict or starvation or social justice. In fact, aside from puzzling over which recycling bin my coffee cup goes in, I didn’t think about much outside of my own world. Like so many others, I have plenty of my own problems to worry about, let alone ending world poverty. It’s easy to get caught up in our own lives. That daily crush of details — getting to work on time or paying the bills — can swallow up years. But if everyone only focused on what’s happening in their own world, then nothing would ever get better.
In a recent blog post, Oxfam International Executive Director Winnie Byanyima highlights a critical issue all of us working in international development must address: How can we reduce the extreme inequality between the haves and the have-nots around the world? Oxfam’s launch of the Even it Up campaign takes the organization’s research findings on inequality another step further by offering policy solutions to help tackle this growing problem.
Oxfam’s report offers new evidence of an ever-widening gap between the rich and poor that threatens to undermine poverty eradication, examines the causes of the inequality crisis, and proposes concrete solutions to overcome it.
Last night, and every night, 840 million people go to bed hungry. It’s our job at the World Bank to get that number to zero. That can’t happen without healthy oceans. Period.
are at the center of the war against climate change and provide food security for hundreds of millions. To feed a world with a growing population, we need more seafood and we need to make sure it’s available not just today, but every day. Additionally, as the world gets smaller, oceans provide the transport links that connect us and carry our goods. Simply put, oceans are our past, present and a capstone of our future.
Today’s sick oceans need investment to become healthy once more. We need to foster an investment model – not an aid model – that is ready for the brave new world of development finance. This is what we are now focusing on: How to build an investment model that can deliver results at speed and scale to build strong economies, good governance and healthy, well-fed communities. So where will this investment come from?
“Growing a Green Bond Market in Mexico: Issuers and Investor Summit” was held Oct. 27 in Mexico City, organized by the International Finance Corporation (IFC), the Asociación de Bancos de México, HSBC, and Crédit Agricole. The timing could not have been better. Although the first green bonds were issued in the last decade, their popularity has exploded in recent years. According to estimates, the market will be a $40 billion one this year, a figure that represents a fourfold increase relative to last year.
A green bond is a financial market debt instrument. Its uniqueness lies in the commitment of the issuer to channel the funds raised exclusively toward green projects, that is, projects that have a positive impact on climate change and involve both renewable energy and energy efficiency.
When we analyzed the data for our recent report, “The Skills Road: Skills for Employability in Uzbekistan” what we found was eye-opening.
In a sector that is scarce and expensive to begin with, corruption can mean the difference between life and death.
I recently attended the World Bank Group’s second annual Youth Summit, developed in partnership with the Office of the United Nations Secretary-General's Envoy on Youth. The event, hosted thanks to the leadership and initiative of young World Bank Group employees, focused on increasing youth engagement to end corruption and promote open and responsive governments. In the wake of the Ebola crisis, and amidst some very eager, idealist, and passionate conversations, I couldn’t help but think about the price of corruption in health.
Many have argued that decades of corruption and distrust of government left African nations prey to Ebola. Whether in Africa or any other continent, it should come as no surprise that complex, variable, and dangerously fragmented health systems can breed dishonest practices. The mysterious dance between regulators, insurers, health care providers, suppliers, and consumers obscures transparency and accountability-based imperatives. As the recent allegations about Ebola-stricken families paying bribes for falsified death certificates illustrate, when it comes to health, local corruption can have serious consequences internationally.
We’ve just celebrated the International Day of Rural Women, which is an occasion for the world to recognize the critical role you play in enhancing agricultural and rural development, improving food security and eradicating rural poverty.
I learned many things last Tuesday. A young gentleman proudly told me of a youth-led initiative in Cameroon supporting government reforms by leading regulatory trainings for public healthcare providers. A young woman shared with me her desire to learn how to analyze the budget data her government recently made available. And another gentleman currently working at an NGO in India shared with me how social media has revolutionized the way local governments are responding and enhancing their service delivery.