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October 2013

Prospects Daily: Developing-country stocks fall on China, Czech Republic economic sentiment improves for third month, China’s flash Manufacturing Purchasing Managers’ Index rises to a seven-month high

Global Macroeconomics Team's picture
Financial Markets… Italian government bonds retreated on Thursday as the government report showed the nation’s consumer confidence index fell to the lowest level since June, damping investors’ risk appetite on high-yielding bonds. The benchmark Italy’s 10-year yield widened 4 basis points to 4.16% after dropping to as low as 4.09%, the lowest rate since June 5. Italy’s government securities have gained 6.5% thus far this year, while Spanish bonds have returned 10%.

Cities on the Move

Megha Mukim's picture

Thoughts on urban growth from Kiel to Nairobi

I’m writing at the end of a long, dusty mission, after numerous plane, train and car journeys. In fact, 1/7th of my time has been spent on being transported from one city to the next; this gave me plenty of time to marvel at the diversity in city structures.

The first stop was Kiel, Germany, where I spent a few hurried days with academics, government officials, private companies and journalists, discussing solutions for pressing problems in trade and clusters and their impact on poverty and inequality. A city of around 280,000 residents, Kiel is small, about as dense as Dublin, and well-linked with the rest of Germany and Europe. It is one of multiple core-municipalities that form a system of cities around Hamburg along with Lübeck, Bremen etc. The train from the airport was relatively painless, and travel within Kiel (to shop for fresh bread and herring) consisted mostly of short walks.

Polio’s End Game

Tim Evans's picture



This year on World Polio Day, health practitioners, policymakers and supporters of the Global Polio Eradication Initiative (GPEI) are more determined than ever to eliminate a disease that has plagued humanity since ancient times.  We are frustratingly close to our goal: By the end of 2012, the total number of polio cases worldwide dropped 66% over the previous year to 223. To cross the finish line, however, integrating polio eradication into routine immunization and broader health service delivery will be critical, particularly in communities where the security situation hampers highly visible health campaigns.
 

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

Google's uProxy: A Peer-to-Peer Gateway to Internet Freedom
Mashable

“In parts of the world where repressive governments control the Internet with unassailable firewalls, netizens don't see the same web that people in other countries can.

Now, Google wants to give people in these countries a tool to circumvent those invisible barriers, and defeat censorship. Called uProxy, it is meant to be an easy-to-use, peer-to-peer gateway to the open Internet. With uProxy installed, somebody in Iran could use a friend's Internet to connect with him or her.” READ MORE
 

Faciliating a Youth Jobs Revolution - Part 2

Jennifer Silberman's picture

Against a global backdrop of extremely high youth unemployment and with hundreds of millions of youth in unpaid or poorly paid and unproductive work, there is a growing call for a “jobs revolution.” In Part 2 of this series, we talk with Jennifer Silberman, Vice President of Corporate Responsibility for Hilton Worldwide, who suggests that the tourism and hospitality sector has a lot to offer young people, both by hiring them to work in hotels and resorts, but also by linking them to the value chains.

What color latrine would you like? Sanitation marketing in Bangladesh

Sabrina Haque's picture

Mr Jalal with one of the hygienic latrines he built for a family. To the right is the family’s old latrine.NGOs, lending agencies, and the public sector are hard at work in meeting the global sanitation target. But what about the private sector, and what about the families that do not want to wait for the next NGO to knock on their door with a better toilet? Over the past couple of years, the Water and Sanitation Program’s (WSP) Sanitation Marketing strategy in Bangladesh has tried to address these concerns by stimulating the supply and demand of hygienic sanitation facilities through the mobilization of local entrepreneurs. The objective of Sanitation Marketing is for families to have the desire and the agency to move up the sanitation ladder on their own.
 
In 2009, the pilot program began in five villages in the Jamalpur district, and has now been scaled-up to around 230 villages across Bangladesh with support from the Dutch WASH Alliance, International Development Enterprises, and the Max Foundation. WSP also strategizes and implements the project with Hope for the Poorest (HFP), a local Bangladeshi NGO, and the Association of Social Advancement (ASA), a microfinance institution.
 
Mohammed Jalal is one of the many sanitation entrepreneurs supported by Sanitation Marketing in the Hobiganj district where WSP has began scaling up the initiative since 2011. Through microfinance loans from ASA and small-business training sessions from WSP, Mr. Jalal was able to open two stores in Hobiganj. Mr. Jalal’s shops are decorated with colorful flags to attract customers and are filled with an assortment of sanitation products such as handwashing stations and off-set pit latrines. With a catalogue in hand, Mr. Jalal markets his products to local villages and gives households the chance to move up the sanitation ladder. Customers are able to choose the materials and colors of their latrine and are most importantly, able to choose the type of sanitation facility that fits into their budget. Products range from Tk 1,600 (US $20) to Tk 20,000 (US $250), and all Sanitation Marketing entrepreneurs offer an installment plan for families to pay for their products over time. WSP additionally connects these entrepreneurs to the local government in order to establish whether any families in the area are eligible for subsidies. In the Hobiganj district alone, Sanitation Marketing has been able to support over 17 entrepreneurs like Mr. Jalal to serve hundreds of happy customers. 

How Can We Reduce High Income Inequality?

Augusto Lopez-Claros's picture
Also available in: Español

There are many ways to think about income inequality. One can, for instance, look at it within the boundaries of a particular country and ask how is income distributed today among Brazil’s 198 million citizens? It is also possible to look at the average income per capita of all the countries in the world (or a region of the world) and ask: how unequal are income differences across countries at a particular moment in time? We can think of this as international inequality. One can also abstract from national boundaries and concepts of citizenship, view the world as one human family, and ask: how is income distributed among its 7 billion people? Call this global income inequality.



 

Trading for a Better Climate

Harun Onder's picture

Pineapple seedlings grow in the nursery at Bomart Farms in Nsawam near Accra, Ghana. Photo - Jonathan Ernst / World BankConcerns over climate change took center stage at this year’s World Bank annual meetings. The message was clear: there doesn’t have to be a tradeoff between economic growth and a cleaner, healthier environment.

“We can make the right choice and still see robust growth,” World Bank President Jim Yong Kim said during the opening panel discussion, October 8.

With the next United Nations Framework Convention on Climate Change (UNFCCC) conference set to get underway in Warsaw in just a few weeks, Kim and International Monetary Fund Managing Director Christine Lagarde have now clearly laid out the economic case for shifting development strategy into a greener gear.

Finding Answers to Social Accountability in Nepal through PETS

Deepa Rai's picture

It’s interesting to see how Public Expenditure Tracking Surveys (PETS) have become an essential tool for social accountability in Nepal.

At a workshop organized by the World Bank’s Program for Accountability in Nepal (PRAN) and the World Bank Institute, more than 50 social accountability practitioners gathered to share a practical, hands-on experience on PETS from 30th September until 3rd October in Kavre, Nepal.
 
PRAN’s Social Accountability practitioners have been implementing various social accountability tools in ten rural districts in Nepal. The main objective is to promote accountability by making the citizens aware and capable enough to demand accountability within the government and the service providers.

Relaunching Africa Can and Sharing Africa’s Growth

Francisco Ferreira's picture

Dear Africa Can readers, we’ve heard from many of you since our former Africa Chief Economist Shanta Devarajan left the region for a new Bank position that you want Africa Can to continue highlighting the economic challenges and amazing successes that face the continent. We agree.

Today, we are re-launching Africa Can as a forum for discussing ideas about economic policy reform in Africa as a useful, if not essential, tool in the quest to end poverty in the region.

You’ll continue to hear from many of the same bloggers who you’ve followed over the past five years, and you’ll hear from many new voices – economists working in African countries and abroad engaging in the evidence-based debate that will help shape reform. On occasion, you’ll hear from me, the new Deputy Chief Economist for the World Bank in Africa.

We invite you to continue to share your ideas and challenge ours in pursuit of development that really works to improve the lives of all people throughout Africa.

Here is my first post. I look forward to your comments.

In 1990, poverty incidence (with respect to a poverty line of $1.25) was almost exactly the same in sub-Saharan Africa and in East Asia: about 57%. Twenty years on, East Asia has shed 44 percentage points (to 13%) whereas Africa has only lost 8 points (to 49%). And this is not only about China: poverty has also fallen much faster in South Asia than in Africa.

These differences in performance are partly explained by differences in growth rates during the 1990s, when emerging Asia was already on the move, and Africa was still in the doldrums. But even in the 2000s, when Africa’s GDP growth picked up to 4.6% or thereabouts, and a number of countries in the region were amongst the fastest-growing nations in the world, still poverty fell more slowly in Africa than in other regions. Why is that?


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