But they also face a barrage of threats, from marine pollution and dwindling fish stocks, to the dramatic effect of climate change on coastal communities. Such challenges require new ways of thinking and innovative financing tools that address both the health and economic wealth of our oceans.
Seychelles is a good example of a country that is going beyond business as usual when it comes to preserving its natural assets. This deal raised funding to buy $21 million of Seychelles’ sovereign debt to reﬁnance it under more favorable terms, and then direct a portion of repayments to fund climate change adaptation, sustainable fisheries, and marine conservation projects – as well as to create an endowment for the benefit of future generations of Seychellois.
I never imagined, therefore, when I temporarily left Uzbekistan in late 2016, that I would return just a half year later to find the country in the midst of a significant transformation.
In chapter 1 of book 1 of Adam Smith’s foundational economics book, The Wealth of Nations, he explains the concept of the division of labor. He uses the example of a pin factory.
To take an example, therefore, from a very trifling manufacture, but one in which the division of labour has been very often taken notice of, the trade of a pin-maker: a workman not educated to this business (which the division of labour has rendered a distinct trade, nor acquainted with the use of the machinery employed in it (to the invention of which the same division of labour has probably given occasion), could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty.
- On the LSE impact of social sciences blog, six academic writing habits to boost productivity.
- On the Berkeley Energy Institute blog, Catherine Wolfram and co-authors summarize their RCT on rural electrification in Kenya under the heading “does solving energy poverty help solve poverty? Not quite” – “The rural electrification agency had spent more than $1,000 to connect each household. Yet eighteen months later, the households we connected seemed to be no better off”
- Paul Goldsmith-Pinkham summarizes a recent twitter thread on great figures that summarize the story of entire papers – excellent motivation to thinking hard about how to best display your data.
- development impact links
Why pathways toward violence are hard to shift, and what we can do to help
Have you ever left your house in the morning for an early appointment—a doctor’s visit, say—and found yourself, 20 minutes later, outside your office building instead? You’ve made that commute so many times, your body just took you there without your brain really noticing.
We do this on a collective level, too. We develop rituals and continue doing them, sometimes long after they cease to make sense or bring us benefit.
When the report Pathways for Peace: Inclusive Approaches to Preventing Violent Conflict was released, UN Secretary-General António Guterres stated, “Preventing violent conflict is a universal concern. It is not only for those in a specific region or income bracket. We are all affected, and we must work together to end this scourge.” However, achieving the worthy goal of preventing violent conflict seems far away. In fact, recent years have experienced an increase in the number of ongoing conflicts.
Many of today’s increasingly complex development challenges, from rapid urban expansion to climate change, disaster resilience, and social inclusion, are intimately tied to land and the way it is used. Addressing these challenges while also ensuring individuals and communities are able to make full use of their land depends on consistent, reliable, and accessible identification of land rights.
Photo: Grzegorz Zdanowski / Pexels Creative Commons
Some regard institutional investors—with their deep pockets—as the white knights filling the huge investment gaps in infrastructure development in emerging markets and developing economies (EMDEs). The IMF estimates that some 100 trillion dollars are held by pension funds, sovereign wealth funds, mutual funds, and other institutional investors. Unquestionably, the long-term nature of their liabilities matches the long-term financing requirements of infrastructure projects. So, it’s no surprise that institutional investors are seen as the white knights of infrastructure finance.
The informal sector is a large part of employment in African cities. The International Labour Organization estimates that more than 66% of total employment in Sub-Saharan African is in the informal sector. With a pervasive informal sector, city governments have been struggling with how best to respond. On the one hand, a large informal sector often adds to city congestion, through informal vending and transport services, and does not contribute to city revenue. Furthermore, informal enterprises are typically characterized by low productivity, low wages and non-exportable goods and services. On the other hand, the informal sector provides crucial livelihoods to the most vulnerable of the urban poor.