Financial Markets…Global stock markets rallied on Friday, with the benchmark MSCI world equity index hitting a 20-month high level of 552.16, as positive economic data from the two world’s largest economies boosted market sentiment. Along with robust U.S. labor and housing market reports, China’s better-than-expected fourth-quarter GDP growth (y/y), buoyant industrial production and retail sales figures added to signs that the global economic recovery is gaining traction.
First the good news: Earlier this month, Mayor Iñaki Azkuna of Bilbao, Spain was awarded the prestigious World Mayor Prize for 2012. Mayor Azkuna was in good company. Other finalists included the mayors of: Perth, Australia; Surakarta, Indonesia; El Paso, USA; Changwon City, Korea; Auckland, NZ; Angeles City, Philippines; Zeralda, Algeria; Matamoras, Mexico; and somewhat surprisingly, Mayor Regis Lebeaume of Quebec City, Canada.
The bad news for 2012 and mayors was best seen in Canada. The World Mayor Prize shortlisting of Mayor Lebeaume came amidst a spate of problems for other mayors in the Province of Quebec. At least four mayors resigned over corruption allegations in Quebec, including Montreal’s Mayor Gerald Tremblay.
This review appears in the Evidence and Policy journal, where it is now available free online (after I protested about the scandalous, rip-off $30 they were charging). Or you can just read it here. Note to self: in future, I will not write anything for journals that are not open access (thanks to Owen Barder for that suggestion).
In recent years, the public and policy debate over climate change, ‘climategate’, and the debacle of the Copenhagen Summit (and seemingly the wider UN negotiations) has brought home the tenuousness of the links between knowledge and public policy-making. ‘Do the research and they will come’ is clearly not a credible doctrine. Knowledge, Policy and Power, written by a group of researchers from the Overseas Development Institute, tackles some important aspects of these links, building on ODI’s strong track record on the interface between research and policy-making.
The book has good instincts – sceptical of all things linear, of researchers claiming to know more than they do, stressing the importance of values, beliefs, assumptions, taboos and other group pressures, hidden power and in/exclusion in what are often portrayed as neutral processes of research and debate. There is ample discussion of the relative strengths and weakneses of different kinds of knowledge, whether derived from practice, ‘pure’ research or the people themselves.
It’s been clear here at the World Energy Summit in Abu Dhabi that the International Renewable Energy Agency, or IRENA, is fast emerging as a leader in forging a more sustainable energy future. With 159 countries—plus the EU— having joined it, a staff of 70 and a $28-million annual budget, IRENA held its third Executive Assembly here, making an impressive show on the sidelines of the summit. One example is its Renewable Energy Roadmap, which attracted lively interest among delegates.
As Arab countries mark the two-year anniversaries of their revolutions, economic challenges remain sharp, and the current political and policy uncertainty make it difficult to forecast how growth will evolve over the longer run. One way to reduce some of the guesswork is to look at what has typically happened in other transitions. In a recent paper, we identified and examined 90 attempts at transition from autocracy to democracy that took place over the last half century.
While on its path to becoming the largest city in the Americas, Sao Paulo used its natural capital - water - to generate electricity, fuel industry, and satiate its ever-growing population. Natural infrastructure was traded for the concrete form and the city’s great rivers paid a high price for industrialization.
The result? Tremendous growth (averaging 5% per annum) that stimulated rapid and unplanned migration to the city and environmental pollution. Urban sprawl generated little to no infrastructure for managing water, sanitation and wastewater, or solid waste. Clearing the land for houses caused erosion and compacted soils, and the resulting increase in runoff has made an already wet city even more prone to floods.
Ibrahim Fanday, Chairman of Kono Youth Commission smiled proudly as he says ‘Kono is known as a trouble hot-spot – but at the end of the day, the elections were peaceful.’ Martha Lewis, a member of the local women’s network, agreed, saying ‘Hot spot? Cold spot!’
When Sierra Leone went to the polls in November last year, it followed months of speculation and fears that the hotly contested elections would be a flash-point for violence. And Kono, the state which saw the worst of the ten year civil war, and remains notorious chiefly for its diamond miles and its instability, was predicted to be at the centre of any trouble.
The elections passed without major disturbances and were pronounced free and fair by the EU observers following them. Ibrahim believes that the youth of Kono played a role in keeping the polling peaceful, by acting as ‘peace ambassadors’ in their communities. His pride is echoed by everyone I speak to - Sierra Leone seems to have passed some kind of test, in both national and international eyes, by holding an election where 87.3% of the population turned out to vote, and the peace held.
· A new paper in Science looks at the impacts of China’s one-child policy on personality, finding people born after the introduction of the policy were, not only less trusting, less trustworthy, and more pessimistic, but also less competitive, less conscientious, and more risk-averse. See this coverage in the The Scientist.
These are some of the views and reports relevant to our readers that caught our attention this week.
Center for Global Development
Development and the Death of Aaron Swartz
“Aaron Swartz, who died on January 11th, worked and fought for key freedoms of our time: the right to information, to share knowledge and ideas, and to speak freely. He did not just campaign: he built the RSS standard which enables blogs and websites to share information, the Web site framework web.py, the architecture for the Open Library, the link sharing platform Reddit, and he helped to design the Creative Commons licence. He co-founded the online group Demand Progress — known for its campaign against the Stop Online Piracy Act (SOPA). He died, apparently by killing himself, aged just 26. Aaron Swartz faced 13 felony charges for having downloaded millions of academic journal articles from the online repository, JSTOR, allegedly with the intention of publishing them freely online.
The death of Aaron Swartz has made me think about how important it is for development that we continue to fight his fights, and continue to build what he began.” READ MORE