|Adverse weather conditions are pushing some food commodity prices to levels not seen since the 2007/08 price spike. Nonetheless, weakening global demand has pushed down headline inflation in most regions.|
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Drought, food prices, and global warming remain hot topics as crops in the United States wilt under the hot sun, raising fears of another food price crisis. The Guardian chronicles the corn belt’s adverse conditions – and the implications for the rest of the world in “America’s Corn Farmers High and Dry as Hope Withers With Their Harvest.” (For a view from South Africa on the drought’s ripple effect, see Independent Online’s “US drought puts pressure on SA food prices”.) On another food supply issue, Co.exist highlights a new study on the costs and benefits of rebuilding global fisheries in “More Fish Means More Money.” The bottom line: rebuilding fisheries would begin to pay off in 12 years, the study says. The New York Times blog India Ink relates an effort to address another huge challenge—access to sanitation—in “Mapping Toilets in a Mumbai Slum Yields Unexpected Results.” Bloomberg looks at the coming demographic dividend in Southeast Asia, where young workers are expected to gain jobs as workforces age in Japan, Korea and China.
The World Bank’s new President Jim Yong Kim caught the attention of many as the first head of this development institution to speak at the opening of a global conference on HIV/AIDS, where he called for applying the moral energy and practical lessons of the global AIDS movement to the global fight against poverty. Yesterday he returned to the 19th International AIDS Conference now underway in Washington D.C.’s massive Convention Center to join Bill Gates, US Global AIDS Coordinator Eric Goosby, and former Lesotho health minister Mphu Ramatlapeng on a panel that discussed how developing countries can achieve greater effectiveness and efficiency in the fight against HIV/AIDS.
Globally, there has been a lot more money invested in this fight over the past decade than ever before. As a direct result, thousands of lives have been saved and new infections averted, including among newborns whose mothers received treatment. But in today’s challenging financing environment, an increasingly effective and efficient HIV/AIDS response is needed to help countries to sustain their gains, prevent new infections, and continue to get treatment out to people already living with the virus.
President Kim said the Bank's main strengths are its broad involvement across many sectors—spanning health, education, social safety nets, and more—and its close engagement with national policymakers in developing countries, as well as with private sector investors. This breadth of operation positions the Bank to be, as the President said, “a very good partner” in improving health delivery systems that address not only diseases like HIV/AIDS, but also other urgent health needs such as good healthcare for mothers and children.
Important developments today:
1. European shares and euro continue to slump as Moody’s cuts the rating outlook for Germany, the Netherland, and Luxembourg
2. Output in the Euro Area contracts for the sixth month in July
Another Sunday evening recently found me fuming through another science infotainment show as they abound these days on not-so commercial broadcasts. It made me think about how important science education is in development and how easy it is to do it wrong. Popular science education is essential, and not only in development. Climate change is one of the most obvious issues where people need to understand what’s going on and need to understand it fast. Health issues are another area where a better understanding of scientific principles can contribute to behavior change that could promote better public health. What I tend to see around, however, is not as useful as the producers may think.
|The report says that a highly-educated, healthier and skilled workforce will enhance productivity.|
Economic news coming from the Philippines is surprisingly positive, and this has not gone unnoticed in international circles, judging by the number of inquiries we—the World Bank economic team in Manila that I am now leading—are getting. Our GDP growth forecast for 2012 (included in the new Philippines Quarterly Update report) is a solid 4.6 percent, while the first quarter saw an even more respectable growth rate of 6.4 percent. Other good news: foreign direct investment doubled in the first quarter, exports were up by 18 percent, and two ratings agencies upgraded their outlook on the Philippines.
However, the economy faces two challenges going forward: it will need to defend itself against a global slowdown, and it will also need to create a more inclusive growth pattern—one that creates more and better jobs, because performance on job creation has not been part of the positive news coming from the Philippines for quite a while now.
Imagine climbing into the cockpit of an airplane the weight of a medium-sized car and the wingspan of an Airbus 340. And then imagine taking off without a drop of fuel on board. Sam Shepard can, unless my eyes deceive me. They do indeed deceive (sadly) but Andre Borschberg is a dead ringer for the star of The Right Stuff, that famous movie about test pilots pushing back the limits of the impossible. Andre is also a test pilot and also pushing hard against those limits flying Solar Impulse, the first experimental solar-powered plane. I was there to watch Andre bring it into Rabat, Morocco on its first intercontinental flight from Switzerland recently.
A recent poll from Gallup (Summer 2012) entitled “After the Arab Uprisings: Women on Rights, Religion, and Rebuilding" makes for interesting reading and provides surprising results. While there are many commonalities among the Arab countries surveyed (Bahrain, Egypt, Libya, Syria, Tunisia and Yemen), some of the findings also underline significant differences. This leads to some surprising poll results as the questions address broader terms like religion, the Sharia, gender equity, etc.