. In fact, as part of summer homework, we also needed to turn in a big bundle of firewood when the school started in the fall, which would be used to heat the classroom, together with coal..
Much has been written on the escalation of the trade dispute. What hasn’t been discussed is what will be the impact on developing nations who rely on trade as an engine of economic growth for ending poverty.
As tariffs are beginning to be imposed, my team analyzed the impact of these new tariffs and the potential for tariff escalation in developing countries in a new World Bank working document. We found that the new trade tariffs will depress bilateral trade, disrupt global supply chains, and increase demand for substitutes from developing countries.
Guest blog by: Margo Hoftijzer, formerly a Senior Economist in the Education Global Practice of the World Bank.
Work-based learning is a hot topic when discussing the transition of young graduates from school to work. Whether we talk about apprenticeships, dual vocational education and training, or work placements, it is recognized worldwide that there are strong benefits when students gain real workplace experience before they join the workforce.
The many benefits of work-based learning
When implemented effectively, students don’t only gain relevant practical skills, but they also strengthen essential socio-emotional skills, such as the ability to work in teams, problem solving, and time management. Firms benefit as well. They can tailor the programs to ensure that students acquire those skills that are most relevant for their enterprises, and they get to know their trainees well so that they can select the best for recruitment later. Moreover, during the period of work-based learning itself, firms benefit from the trainees’ contributions to the work processes of the enterprise, usually at low costs.
As an undergraduate student in Kampala, my head was full of thoughts about how I was going to make a living after my studies. Back then Rich Dad Poor Dad was still a best-seller, and I thought to myself: I can become a billionaire if I sell a billion of something to a billion people. Needless to say, it would have to be something that anyone can afford, like toothpaste or chewing gum.
So, I wondered, what does every human need? It dawned on me: everyone needs water, food, and energy, every day. The next question was how I could make valuable goods from all the three as a civil engineer.
