To do this, we rely heavily on macroeconomic data from the national statistical office, the Ministry of Finance, the Central Bank and other sources. While this sounds straightforward enough (given it’s what economists around the world do when they compile their latest economic assessments) – it’s a rather indirect way to assess the issue.
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The number of vehicles on the world’s roads is on pace to double to about 1.7 billion by 2035. Pair that with a rapidly urbanizing population – six in 10 of us are likely to live in cities by 2030 – and the world’s cities have a transport problem in the making.
It’s also an opportunity, one that cities, particularly the fast-growing urban centers in developing countries, must take now.
Those that build efficient, inclusive urban transport systems can connect their people with jobs, health care, and education. They can reduce congestion, and they can limit carbon emissions that are contributing to climate change.
As 2012 draws to a close, we're looking back at some key moments in the Bank's work this year. From financial inclusion to food prices to #whatwillittake and more, explore this slideshow for our Year in Review.
To view this slideshow on a tablet or mobile device, click here.
With a double dip recession––after just two years of sluggish recovery––now taking hold across the Western Balkans it is time for policy makers to begin looking at ways the ongoing financial crisis can be leveraged to bring about lasting fiscal reform in these countries. After just two years of sluggish recovery, these countries as a group––Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia––are experiencing a drop in real GDP by 0.6 percent and it is now clear that the road to recovery in 2013 will be arduous.
The appetite for change at COP18 was heard loudly and clearly in the many informal gatherings at the conference center. Coalitions, climate finance, and scientific agreement came from the dynamic debate in Doha. To follow up those conversations, deals and dreams, and actionable projects, I have initiated a study to address the longer-term global challenges that we will face together in the decade ahead. Collective Solutions 2025 will present a strategy for how multilateral development institutions can achieve sustainable development and inclusive green growth to boost prosperity and end poverty.
STOCKHOLM, Sweden -- I made a three-day trip to Sweden this week, meeting senior government officials in finance and development; addressing the Bank's Nordic-Baltic Governors and the Bank's Advisory Council on Gender and Development; and attending the Nobel Prize ceremony.
In this video, I reflect on the visit, the impact of the Nordic countries on global development, and the importance of promoting gender equality in the World Bank Group's work.
The rate of change in our world is accelerating and every day there’s a new innovation or promising idea that springs up to provide hope for the "wicked" problems of our time. But development is complex and requires a sustained commitment to bold experimentation underpinned by a commitment to learn constantly. But learning does not happen in isolation. It happens through practice, through reflection, and through meaningful and sometimes unexpected exchanges with peers, practitioners, and colleagues from far flung places.
This is why I am really excited about a new online salon that we have unveiled at the World Bank. Striking Poverty aims to "shine a light and lend a megaphone" to innovations in development to help them percolate, surface, and be widely debated and discussed. The salon is designed to empower innovators by striking up interactive discussions and debate amongst a global community of stakeholders.
Like cholesterol, “social capital” comes in bad and good types.
Elusive to define, social capital consists of those bonds created by belonging to a group that instills trust, solidarity, and cooperation among members. We know that good social capital has an enormous development potential, positively influencing economic growth, democracy, cognitive development, and adoption of farming practices, among others.
In a recent study on crime in Colombia1, a colleague from American University, Erik Alda, and I show that high rates of crime help destroy social capital (victims trust less). But social capital can also reduce crime when it effectively increases the involvement of all of us in the prevention and management of crime and violent behavior and when it reduces the temptation of each individual to let others solve the problem of crime.
Stronger interpersonal trust, however, also allows an easier exchange of information and know-how among criminals, reducing their costs of committing a crime. Because bonding and trust within these groups demands the exclusion of others, a perverse social capital may lead to the kind of extreme violence and hatred seen in the Mafia, the Ku Klux Klan, maras, or genocides.
Find a good longread on development? Tweet it to @worldbank with the hashtag #longreads.
Internet + trends + mobile, along with an image depicting the rapid rise of mobile Internet access in India, gained on Twitter and the Web after venture capitalist Mary Meeker shared the findings of her new Internet Trends report with Stanford University students December 3. A key finding of the Kleiner Perkins Caufield & Byers report—an update to one released in March—is that, “Mobile traffic is growing so fast globally that in some places it has already surpassed desktop traffic,” says CNET. Meeker also notes several ways we are re-imagining our lives because of rapid technological development and Internet access. Polar ice melt is the topic of a new research paper in Science, A Reconciled Estimate of Ice-Sheet Mass Balance, containing the “most definitive” estimate so far of polar ice melt over the last 20 years (11mm), says the BBC, noting that “sea-level rise is now among the most pressing questions of our time.” Africa’s lion population has declined to as low as 32,000, down from nearly 100,000 in 1960, says a study led by Duke University researchers and funded by National Geographic’s Big Cats Initiative. In a short overview, Duke’s Nicholas School of the Environment also highlights the continent’s rapid loss of savannah ecosystems where lions live. Small innovations are “quietly changing the world in big ways,” says author Tina Rosenberg in Foreign Policy. Such ideas include “pay for performance” to get kids in school or keep young men out of jail, or helping people with cash or vouchers rather than food aid or refugee camps.
This week in Doha, the marble corridors of the Qatar National Convention Center resonate with voices from around the world. Over half way through the UN Climate Change Conference, as ministers arrive and the political stakes pick up, a sense of greater urgency in the formal negotiations is almost palpable. But in the corridors, negotiations are already leading to deals and dreams and action on the ground.
UN Secretary-General Ban Ki-moon opened the discussions by saying we need optimism, because without optimism there are no results. He reminded us all that Superstorm Sandy was a tragic awakening. He reiterated the call for a second commitment period of the Kyoto Protocol, a global agreement and 100 billion in climate finance by 2020.
Meanwhile our focus was firmly on the region ...
- Yemen, Republic of
- Western Sahara
- United Arab Emirates
- Syrian Arab Republic
- South Sudan
- Saudi Arabia
- Iran, Islamic Republic of
- Egypt, Arab Republic of
- Middle East and North Africa
- Latin America & Caribbean
- Urban Development
- Culture and Development
- Communities and Human Settlements
- Agriculture and Rural Development
- food security
- Climate Change
- Ban Ki-moon