As we mark International Women’s Day 2018, there has never been a more critical time to invest in people, especially in women and girls.
Skills, knowledge, and know-how – collectively called human capital – have become an enormous share of global wealth, bigger than produced capital such as factories or industry, or natural resources.
But human capital wealth is not evenly distributed around the world, and it’s a larger slice of wealth as countries develop. How, then, can developing countries build their human capital and prepare for a more technologically demanding future?
The answer is they must invest much more in the building blocks of human capital – in nutrition, health, education, social protection, and jobs. And the biggest returns will come from educating and nurturing girls, empowering women, and ensuring that social safety nets increase their resilience.
According to UNESCO estimates, 130 million girls between the age of 6 and 17 are out of school, and 15 million girls of primary-school age – half of them in sub-Saharan Africa – will never enter a classroom. Women’s participation in the global labor market is nearly 27 percentage points lower than for men, and women’s labor force participation fell from 52 percent in 1990 to 49 percent in 2016.
What if we could fix this?
Jim Yong Kim
In just six weeks, world leaders will meet in Paris to negotiate a new global climate-change agreement. To date, 150 countries have submitted plans detailing how they will move their economies along a more resilient low-carbon trajectory. These plans represent the first generation of investments to be made in order to build a competitive future without the dangerous levels of carbon-dioxide emissions that are now driving global warming.
The transition to a cleaner future will require both government action and the right incentives for the private sector. At the center should be a strong public policy that puts a price on carbon pollution. Placing a higher price on carbon-based fuels, electricity, and industrial activities will create incentives for the use of cleaner fuels, save energy, and promote a shift to greener investments. Measures such as carbon taxes and fees, emissions-trading programs and other pricing mechanisms, and removal of inefficient subsidies can give businesses and households the certainty and predictability they need to make long-term investments in climate-smart development.
Scientists declared this past year as the warmest year on Earth since record-keeping began in 1880, and a series of scientific reports found glaciers melting and extreme weather events intensifying. There can be no doubt that this year world leaders must commit to transforming their economies to combat climate change.
How can economic growth benefit more people? What will it take to double the share of renewables in the global energy mix? Will the world have enough food for everyone by 2050? You can hear what experts have to say on these topics and others, ask questions, and weigh in at more than 20 webcast events from Oct. 7 to 11. That's when thousands of development leaders gather in Washington for the World Bank-International Monetary Fund Annual Meetings. Several events will be live-blogged or live-tweeted in multiple languages. You can also follow the conversation on Twitter with #wblive and other hashtags connected to events. We’ve compiled a sampling of events and hashtags below. Check out the full schedule or download the Annual Meetings app for Apple devices and Android smartphones.
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.
World Bank Group President Jim Yong Kim has started a conversation about development and the private sector on Oxfam’s blog.
The evolving discussion isn’t so much about whether to harness the private sector to cut poverty, but how to do it.
In an Oct. 28 blog post, Kim said the Bank needs to work with many partners to help meet the goals of ending extreme poverty and boosting shared prosperity. Private sector investment “is needed to stretch scarce development resources.”
“Engaging the private sector is not about how we feel about business; it’s about how high our aspirations are for poor people. If we rely only upon foreign aid, then our aspirations are far too low.”
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.
With the World Bank Group’s 2013 Spring Meetings just around the corner, we’ve compiled a guide to the many live events happening. No matter where you are around the world, you can join the conversation all week via #wblive.
Several featured events will be webcast and covered in multiple languages. Make sure to follow and participate in the week’s events in Arabic, English, French, and Spanish.
Your thoughts and questions will help make the conversations happening both online and offline at this year’s Spring Meetings rich and diverse. Don’t forget to ask questions before and during our events to engage with top development leaders in a global conversation on what #ittakes to end poverty.
Flagship Event: April 19
Global Voices on Poverty – Interactive Live Blog & Webcast
Watch and join the conversation in Arabic, English, French, and Spanish
11:00 a.m.-12:10 p.m. EDT (15:00-16:10 GMT or convert time)
Participate in an interactive conversation on ending poverty with World Bank Group President Jim Yong Kim and UN Secretary-General Ban Ki-moon. Global Voices on Poverty will bring together world leaders, opinion makers, and a global online audience to discuss what #ittakes to end poverty.
KABUL -- On my first trip to Afghanistan as World Bank Group president, I met with many of the country's senior leaders, including President Hamid Karzai, as well as leaders in business and among women's groups. The challenges for Afghanistan, like many fragile or conflict-affected states, are huge, but it's critically important that we build on successes that we've achieved in the last decade. Learn more by watching the video.