Countries that want to use preferential trade agreements to boost trade with Africa should re-examine the rules of engagement. New evidence shows that certain rules underlying preferential trade agreements are drastically hindering their intended benefits. In fact, in a World Bank Policy Research Paper and an article forthcoming in The World Bank Economic Review, we find that relaxing those definitions could increase the agreements’ benefits by four times more than just removing tariffs.
"Why do you want people to complain about our project?" Jacques Buré, a Senior Highway Engineer in the World Bank, faced his incredulous client. They were building a major road in Kazakhstan, with a $2.13 billion World Bank investment and over 1,000 kilometers across Central Asia. Jacques had just broached the subject of a grievance mechanism and he could hear the skepticism behind the question: yet another condition imposed by the World Bank. And this one seems too much: what could possibly be the rationale for soliciting complaints?
This story kicked off a day-long deep dive which brought together over 40 staff from the World Bank and its private sector lending arm, the International Finance Corporation. It touched core issues about how to better manage complex risks on development projects; improve client relations; build on country systems; and shift the way the World Bank presents its policies and standards from 'because we tell you' to 'here's how this adds value and improves performance'. Building on experienced practitioners and outside experts, the session was run by the Dispute Resolution and Prevention team – part of the World Bank’s Risk Management unit. It emphasized how to overcome operational challenges related to implementation of grievance redress mechanisms (GRMs) and make the business case to our clients on how a GRM can add value. It struck a deep chord with many of the project teams in the room.
Combining the experience of running the DM2006 award winning social enterprise: Ideas-at-Work (IaW), the knowledge acquired with the Global Social Benefit Incubator (GSBI) program (2007), and her recent completion of an MBA (2012), Angelique Smit decided to found the Social Enterprise Support initiative, a network group that provides support and advice to fellow social entrepreneurs in a variety of areas.
Created after intense consultation with social entrepreneurs about their support needs in their path to build successful business models, Social Enterprise Support (SE-Support) emerged as a place where social entrepreneurs from all over the world find fellow social-minded entrepreneurs for a sounding board, bouncing ideas, brainstorming or advice.
Bread, civil society, bank charges, and Competition Authorities: what do these have in common? The surprising answer is that these elements help explain how South Africa’s Competition Authorities have become a standout success in the country’s economic policy making. Nowadays, competition policy forms a central pillar of South Africa's development strategy, and the South African Competition Authorities command substantial respect and widespread support. A crucial ingredient to this success has been the Competition Authorities’ strategic use of convening power to rally stakeholders, focus public discussion, and deliver tangible results.
Erratic and sporadic water supply, clogged drains, sickened children and unhealthy lives – these are the everyday challenges Janet Adu faces, living in Turlako, a suburb of Accra. Her story is captured in this video and is a vivid reminder that poor sanitation in Ghana accounts for 70 percent of out-patient attendance and 25% of under-five mortality for children. With Ghana’s cities growing at an unprecedented 3.2 percent annually, living conditions for the urban poor like Janet Adu are deteriorating rapidly.
The last few months have been a busy time for inequality. And over the last few days the poor thing got busier still. Inequality is now dancing on two stages. It must be really quite dizzy.
We need an inequality goal. No we don’t. Yes we do
One of the two stages is the post-2015 development goals. At some point, someone seems to have decided that reducing inequality needs to be an explicit commitment in the post-2105 goals. The UN System Task Team on the Post-2015 UN Development Agenda wrote a report on inequality and argued that “addressing inequalities is in everyone’s best interest.” Another report by Claire Melamed of Britain’s Overseas Development Institute argued that “equity, or inequality, needs to be somehow integrated into any new framework.” Last week a group of 90 academics wrote an open letter to the High Level Panel on the Post 2015 Development Agenda demanding that inequality be put at the heart of any new framework.
For some time now, I have been fascinated with the concept of social remittances, a term coined by sociologist Peggy Levitt, who argued that, in addition to economic contributions, migrants export ideas, behaviors, identities, and social capital back to their home communities. These exchanges occur in a number of ways: through the interpersonal communication, letters, videos, blogs, phone calls, television and other forms of communication. This concept has not received as much attention as economic remittances, as pointed out in an interesting piece published by the Migration Policy Institute (MPI) entitled, “It’s Not Just About the Economy, Stupid: Social Remittances Revisited.” The paper provides some compelling examples of how social remittances have contributed to development, including influencing ideas around good governance. In this blog post, I will examine the impact that social remittances can have on diaspora communities that are using communication technologies to develop their home countries, especially those engaged with social media and other online forums.
Microwork presents a unique opportunity for jobs and income for sections of Palestinian society that face high levels of unemployment, such as youth and women. It is a new phenomenon in the digital economy: anyone anywhere can work through an online platform equipped with just a computer and internet access.
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When pursuing new opportunities, expected and unexpected risks can rise up. From personal health issues to economic hardship and natural disasters, any number of risks can create barriers on the pathway to success for individuals, families, businesses, and entire countries.
Join a live chat on March 27 at 9:30 ET with the team of the upcoming "World Development Report 2014: Managing Risks for Development." The discussion will look at risk management and its impact on development and poverty reduction around the world.