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The World Region

Measuring What Matters: Acknowledging Nature’s Role in the Global Economy

Russ Mittermeier's picture
Also available in: Español
Countries Go Beyond GDP to Make Natural Capital Count for Development

“Accounting” may not be a word that gets many pulses racing. But what if I told you that a new kind of accounting — called natural capital accounting — could revolutionize the way the world’s nations assess and value their economies?
 
Currently, gross domestic product (GDP) is the most widely used indicator of a country’s economic status. But while this number places a value on all the goods and services produced by that economy, it doesn’t account for its “natural capital” — the ecosystems and the services they provide, from carbon sequestration to freshwater regulation to pollination.

A Wave of Commitments for Ocean Health

Valerie Hickey's picture


The Global Oceans Action Summit closed not with a call for action as is so typical of conferences these days, but with a series of very real and resourced commitments to shared and urgent action.Hosted by the Government of the Netherlands, this summit convened around the consensus goal of healthy oceans, and brought the public and private sectors, civil society actors, local communities and even local Dutch fisherfolk to the table. Diverse groups came together to talk, listen and make commitments.

Food Waste: Doing the Math

José Cuesta's picture
Also available in: Español | العربية | Français
Many consider statistics cold and faceless. I have always thought the opposite. There are multiple numbers in the development world that are striking and moving: the millions of people living on less than $1.25 a day; the number of children dying of preventable diseases or being unable to attend school regularly; or how many families have no access to safe water or electricity in today’s super-sophisticated technological world, just to mention a few.
 
But I have never found more compelling numbers than those related to food. In a world where 842 million people go to bed hungry every night, we actually produce sufficient food to provide, on average, 2,700 kilocalories every day, for everyone. In this same world:
 
  • Between one-fourth and one-third of the nearly 4 billion metric tons of food produced annually for human consumption is lost or wasted.
     
  • Asia and Africa account for  about 67% of all food lost and wasted, globally.
     
  • North America and Oceania lose and waste almost half of what they produce: 42%! More than half of food loss and waste in developed countries happens during consumption — usually as a result of a deliberate decision to throw food away.
     
  • Developing countries lose an average of 120 to 220 kg of food per person per year, which means that even regions ridden by undernutrition, such as South Asia and Sub-Saharan Africa, lose as many as 400 to 500 kilocalories per person, every day. 
If you want to know how many kilocalories someone living in your region loses or wastes, on average, check the following figure:

Food Lost and Wasted by Region, 2009
Food Lost and Wasted by Region
Source: Brian Lipinski, Craig Hanson, Richard Waite, et al., “Reducing Food Loss and Waste,” World Resources Institute Working Paper, June 2013.

The Long-Stalled World Economy Shifts into Gear

Jim Yong Kim's picture



The global economy is finally emerging from the financial crisis. Worldwide, growth came in at an estimated 2.4 percent in 2013, and is expected to rise to 3.2 percent this year. This improvement is due in no small part to better performance by high-income countries. Advanced economies are expected to record 1.3 percent growth for the year just finished, and then expand by 2.2 percent in 2014. Meanwhile, developing countries will likely grow by 5.3 percent this year, an increase from estimated growth of 4.8 percent in 2013.

The world economy can be seen as a two-engine plane that was flying for close to six years on one engine: the developing world. Finally, another engine – high-income countries – has gone from stalled to shifting into gear. This turnaround, detailed in the World Bank’s Global Economic Prospects 2014 launched last Tuesday, means that developing countries no longer serve as the main engine driving the world economy. While the boom days of the mid-2000s may have passed, growth in the emerging world remains well above historical averages.

High-income countries continue to face significant challenges, but the outlook has brightened. Several advanced economies still have large deficits, but a number of them have adopted long-term strategies to bring them under control without choking off growth.

Why Stories Matter

Ravi Kumar's picture
Children in the classroom. Kenya.

When Jane Otai said there are flying toilets in slums of Nairobi, most of her audience, like me, was trying to figure out what she meant.

A few others laughed softly. Because there are no toilets, she said, “people just do it [in bags] and throw it on the rooftops.” And it is really difficult for women and girls, she added.

Good Practices for Engaging with Citizens for Greater Development Impact

Vinay Bhargava's picture

Last week I was a panelist at a civil society organization seminar during the World Bank Annual Meetings on the topic of “Engaging with Citizens for Greater Development Impact.” The task for the panel was to discuss good practices in citizen engagement to make governments and service providers (including the private sector) more accountable so that policies and project interventions have greater impact for all citizens. The other panelists included representatives from Civicus, Plan International, and the Bank and International Finance Corporation.

The invitation to this event made me reflect on a fundamental question: Is it realistic to expect citizens to hold service providers accountable given the huge asymmetry of power between the two, or are we setting unrealistic expectations that citizen engagement interventions can improve development outcomes?

As I searched for answers, I was reminded of the story of the mighty warrior, Goliath, and the shepherd boy, David, who stepped up to fight him when no one else dared. No one in his or her right mind would have given David a chance against Goliath. However, we all know how the story ends — David hurls a stone from his sling with all his might and hits Goliath in the center of his forehead, causing the mighty to fall. Can we have similar happy endings in citizens vs. almighty service providers?

Scaling Up Affordable Health Insurance: Same Dish, Many Different Recipes

Jorge Coarasa's picture

             A baby in Ghana rests under a bed net to prevent malaria. (c) Arne Hoel/World Bank

The debate over how to ensure good health services for all while assuring affordability is nothing new.

However, it has recently acquired new impetus under the guise of Universal Health Coverage (UHC).  Discussions around UHC are contentious and as Tim Evans recently pointed out, “a lot of the discussion gets stuck on whether financing of the system will be through government revenue, through taxes, or through contributions to insurance.”

Shanghai: Paving the Way for Greener Cities

Jim Yong Kim's picture
Also available in: 中文

SHANGHAI, China, Sept. 17 -- I'm standing in front of a building at Linkong International Garden that has solar panels on the outer walls and rooftops, geothermal heat pumps, and online energy management. This is part of the front line of the fight against climate change, and Shanghai is helping to lead the way in making sure rapid urbanization involves a wide array of clean technologies. Watch the video to learn more.

Improving Learning in Peru Will Help Reduce Inequality

Jim Yong Kim's picture
Also available in: Español


Lamay, Peru — In this Andean town outside Cuzco, I traveled with Peru's First Lady Nadine Heredia to the San Luis Gonzaga primary school. This school, and many others in the area, have had poor learning outcomes. But I was impressed by the government's and the school's commitment to improve, which will be critical in the efforts to reduce inequality and boost shared prosperity in Peru. Watch this video from a second-grade classroom to learn more.  

Improving learning in Peru will help reduce inequality

Solving the G8 transparency equation for businesses: Bottom line + development impact = Open and Collaborative Private Sector initiative

Benjamin Herzberg's picture
Also available in: العربية | Français | Español

Businesses create jobs and spur growth. But businesses can do more. As competitive pressures increase and as resources around the world become harder to sustain, foresighted businesses have started to adopt new, collaborative and open private sector practices that accomplish two goals at once: improve the bottom line and increase development impact.
 
The reason businesses do this? Not because of old do-gooding principles, but because solving development issues around the value chain becomes a crucial part of doing business through crowd-sourcing innovations, reducing cost and managing risk.
 
But the questions are, how can practices that benefit both the bottom line AND development, be scaled up? Can we encourage mass-adoption of the sustainable approaches that IFC has been promoting for years? How do we mainstream that which Michael Porter has called “Creating Shared Value”?  How do we go from a few smart companies to millions adopting open and collaborative practices?
 
To begin answering these questions, the World Bank Institute is launching the “Open and Collaborative Private Sector” initiative. This will complement efforts that others at the World Bank and elsewhere have been advancing on Open Aid, Open Data and Open Government.

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