Good governance is critical for all countries around the world today. When it doesn’t exist, many governments fail to deliver public services effectively; health and education services are often substandard; corruption persists in rich and poor countries alike, choking opportunity and growth. It will be difficult to reduce extreme poverty — let alone end it — without addressing the importance of good governance.
The World Region
A few weeks ago, the working group tasked with drafting Sustainable Development Goals (SDGs) issued its official list of recommended goals and targets for consideration by the UN General Assembly in September. It is an extraordinary milestone: As far as I know, it is the first time that metrics are defined through a robust intergovernmental process. The Millennium Development Goals, which will expire next year, were the result of a very different process. The international community is showing a growing appetite for setting targets and tracking results to ensure concrete action on the ground.
While the ultimate outcome of the SDG process is still uncertain, sharpening our collective focus on results is good news for the sustainability of our planet and for creating the conditions not only for pulling people out of poverty, but for enabling rich, productive lives. It is a cliché, but it is true: what gets measured, matters.
It was getting dark and the mist engulfing the jungle made the challenge of spotting the stripes even harder. My guide, a trained local tribal youth, was excited and kept telling stories about the sights and sounds of the jungle. In all fairness, I had enjoyed the trek. Every turn or straight path presented a beautiful landscape, majestic trees, bamboo thickets, gurgling streams, colorful birds, distant animal calls and the gentle fresh breeze. Sighting a tiger would only complete the experience. Will we? Won’t we, see one?
In many ways, the experience of sighting a tiger reflects the challenge its very survival is facing! Will it? Won’t it, survive? But more importantly, will someone notice if it is not around? Fortunately, I was in Periyar Tiger Reserve in the southern Indian State of Kerala, a turnaround success story where the World Bank’s India Ecodevelopment Project significantly increased income opportunities for the locals, improved reserve management and encouraged community participation in co-managing the reserve. Though this happened a decade ago, even today the incomes are sustained and communities are closely engaged! But such success stories are few and far between.
Economists speak a secret language. Markets, management, supply, costs, returns, rents – words I think I know, until I see them on a PowerPoint slide with a graph and an equation that starts with a sigma. Suddenly, it becomes clear these markets aren’t only the ones where I buy my peaches and rent is something more than a monthly check.
This past week I attended the bi-annual conference for the International Institute of Fisheries Economics and Trade. The hottest topics in fisheries economics were presented – the global state and outlook of aquaculture, capture fishery models, artisanal fishing, governance, rights based management, individual transferrable quotas, the impact of climate change, and dozens of others. Mostly comprising academics, the talks were technical, pithy, and representative of latest. An honest opportunity for discourse amongst equals to share and vet their work on ocean economies.
As a non-economist, I was in the minority here (though not a complete outsider – ecologists, trade experts, and fishermen were also in the mix). In spite of this lack of ‘expertise’ it is clear that the issue of ocean health is an economic one. We lose billions of dollars every year from mismanaging our fisheries and degrading ocean habitats. That money comes out of everyone’s our pockets. From small-scale fishers to large industry fleets to average consumers, we all pay the price. Economics can indeed play a large role in solving our ocean health problems, how challenging it is to get economists to agree on these solutions is another matter…
July 18 is Mandela Day when we honor Nelson Mandela’s legacy of service and commitment to social justice, including the fight against extreme poverty. July 18 marks his birthday, the first one since his death in December at the age of 95. The day offers an opportunity to reflect on Mandela’s transformative impact on the world, the power of an individual to change the course of history, and his enduring legacy in the fight against extreme poverty.
Rift Valley Fever, which can infect both humans and animals, has long plagued East Africa. And climate change, in combination with urbanization, population growth, and travel, can increase conditions that are favorable for this disease and many others.
Temperature, humidity, and rainfall will be affected by climate change –and each can influence the way that disease develops and spreads. Mosquitoes, for example, thrive in warm, humid climates. As climate change alters the geography of these conditions, the number and range of mosquitoes will also change, spreading the diseases that they carry, and exposing populations that have never before seen them. But this is not just true for mosquitoes – ticks, midges, and other vectors that carry disease also stand to have greater impact with climate change. The impact will be felt—with increasing intensity– by both humans and animals. Of the nearly 340 diseases that have been identified in humans since 1940, ¾ are zoonotic, passing directly from animal species to humans.
China’s high economic growth during the last three decades is well known. But less attention has been paid to the dividends of that growth and the country’s rapid urbanization: China has lifted half a billion people out of poverty in the last 30 years – an historic feat.
But the country’s leadership knows that many challenges remain – some coming as a result of the rapid growth. For 30 years, the World Bank Group has had a strong partnership with the government and we’ve recently completed two landmark joint studies: China 2030 (guided by the leadership of my predecessor, Robert Zoellick), and the Urban China report, released just a few months ago.
Two years ago today, I was honored and humbled to become president of the World Bank Group, whose mission – ending poverty – I have been working toward most of my life. One of my first questions for the World Bank economists was whether it would be possible to end extreme poverty, and if so, how long it would take. The answer came back that it would be difficult but possible to end extreme poverty by 2030.
Since then, the 188 countries that hold shares in the World Bank have endorsed this goal, which previously few people believed would ever be achievable, let alone in our lifetimes. And it’s been my mission to find the best ways to leverage the talent, knowledge, and influence of the Bank Group to make it happen.
Over the last 15 years, the amount of money spent on pets in the U.S. jumped from $17 billion to $43 billion annually. Birding is catching on in popularity globally.Clearly people love their animals -and not just their pets either. Perhaps this is why biodiversity conservation has attracted so many advocates and so much attention around the world. Newspapers routinely report on the discovery of new species and the demise of others. Nature as theater, both gripping and grizzly, is wildly popular when captured on film.
And yet, conservation biology, the interdisciplinary pursuit of saving wild species and wilderness, is at best marginal in the public policy sphere, particularly in development circles. Often, so too is environment more broadly. In this marketplace of ideas, conservation is certainly not king. Though it should be.
“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.