- A webcast of the AEA panel on “publishing in economics journals: the curse of the top 5” (h/t @DurRobert) – Heckman, Akelof, Deaton, Fudenberg and Hansen discuss. Some interesting discussion and comments – Deaton notes he didn’t have any papers rejected until he was famous; Heckman had a lot of data, including this one which shows (first column) which journals account for most dissemination of the ideas of the top development economists – with WBER number 1:
“… If women in rural areas had the same access to land, technology, financial services, education and markets as men, agricultural production could be increased and the number of hungry people reduced by 100-150 million …”
Agriculture Sector: Creating Opportunities for Women
In Afghanistan, agriculture continues to be the backbone of the rural economy – about 70% of the population in rural areas is engaged in on-farm activities. At the same time, large share of the employment generated in non-farm and off-farm sectors, such as manufacturing, are also closely linked to agriculture and food-processing.
Women’s participation in the labor market has been generally low in rural Afghanistan. For the last decade, the country had one of the world’s lowest rates (19%). In recent years, however, the rural labor market in Afghanistan has experienced an impressive influx of women, increasing the rate to 29%. Yet, a large share of the working-age female in rural Afghanistan (71%) remains out of the labor force. In 2013/14, out of 5.2 million women of age 14 or above, only 1.5 million (29% of total) were in the labor force, about one-third of that 1.5 million workers remained unemployed, and the other two-third were employed – which accounts for only 22% of total rural employment (Figure 1). Of the employed female workers, majority are employed in agriculture (11%) and livestock (59%).
4 unprecedented disruptions to the global financial system
Climate change, migration, correspondent banking and cybercrime are putting unprecedented and unforeseen pressures on global financial markets.
They aren’t just disrupting the global financial system, but also affect how we approach international development work.
Let’s examine each trend:
- “Greening the financial sector” is the new buzz term to finance a transition toward a climate-resilient economy and to help combat climate change. This topic is now getting a lot of attention from the G20 to the Financial Stability Board. The international community is trying to understand what this transition will imply: , and how efficiently the financial sector can allocate financial resources. What we know is that currently fossil fuel subsidies and a lack of carbon tax are hindering the market from shifting financial resources from brown to green.
- Globally, an estimated 65 million people are forcibly displaced. Migration, resettlement or displacement, of course, impact where and how to channel aid to those in need. But more importantly, as displaced people settle down -- no matter how temporary or long-term -- to become self-sufficient and thrive, they will need to establish new financial relations. This can be for simple transactions such as receiving aid through payment cards (as opposed to cash) or for sending remittances. Or it can be for something more complex as getting a loan to start a business.
- At the same time, as the global banking industry is tightening regulations, large banks are withdrawing from correspondent banking and shutting down commercially unsustainable business lines. This recent phenomenon can have a huge impact in some regions on SMEs and on money transfer operators, which largely handle remittances.
- . The focus on cybersecurity risk has increased along with the proliferation of internet and information technology. Fintech is transforming the financial industry -- by extending access to financial services to people and small- and medium-sized enterprises (SMEs) previously left out of the formal financial system – but is also raising many questions, including concerns about cybersecurity. The same technology advancements that are propelling fintech are also addressing cybersecurity risk. However, there is a need to develop an appropriate regulatory framework in combination with industry best practices. This framework is evolving and regulators are grappling with how and when to regulate.
It’s widely recognized that agriculture can be part of the solution to climate change. The worldwide agriculture sector currently accounts for between 19 percent and 29 percent of total greenhouse gas (GHG) emissions. A combination of policies, investments and targeted action is critical to achieve a low-carbon and climate-resilient agriculture sector.
But the question arises: Where will the money to fund this transition come from? Can farmers alone finance the productivity and climate change adaptation and mitigation changes that are needed?
The vast majority of climate finance has traditionally flowed to other sectors, accentuating even more the shortfall in finance for agriculture.
Due to perceptions of low profitability, along with high actual and perceived risks, lenders often severely limit the flows of finance directed to smallholder farmers and small and medium-sized enterprises (SMEs) in agriculture. Without access to capital, farmers cannot invest in raising their productivity and incomes, becoming more resilient to climate change and mitigating their farms’ negative impact on climate.
But untapped sources of capital exist for making agriculture more climate-smart — namely, in climate finance. A recent World Bank discussion paper, Making Climate Finance Work in Agriculture, explores ways to use climate finance to dramatically increase the flows of capital directed to smallholder farmers and agricultural SMEs, aiming to deliver positive climate outcomes.
Burkina Faso has embarked on a journey to put public data infrastructure at the heart of social and economic development. But what does this mean? And why should ICT and digital data be a priority when a large segment of your population still cannot access to the internet? This is precisely the question that the upcoming World Bank-funded eBurkina project is meant to answer.
Burkina Faso, a low-income landlocked country in West Africa, has the ambition to reform public administration differently. More specifically, the country sees ICT and digital innovation as a key opportunity to accelerate development and meet the objectives of its national development strategy (PNDES). This approach is consistent with the World Development Report 2016 on Digital Dividends, which found that, when used properly and with adequate policy interventions, ICTs can be a powerful tool for social and economic development.
- Citizen Engagement
- Public Service Delivery
- Digital Transformation
- digital dividends
- World Development Report 2016
- Sustainable Development Goals (SDG)
- Rural Development
- Agriculture and Rural Development
- Public Sector and Governance
- Information and Communication Technologies
- Burkina Faso
- Sustainable Communities
Dr. Amber N.W. Raile, Dr. Eric D. Raile and Dr. Lori Ann Post present Guide to Generating Political Will and Public Will – PPW Toolkit.
Dealing effectively with social problems requires collective action and coordinated commitment. Those persons most affected by social problems typically constitute weak or powerless constituencies that lack real representation in the halls of power. Consequently, coalitions of stakeholders must make firm commitments if conditions are to improve for the disenfranchised. Helping these immobilized and resource-deprived groups often entails short-run tradeoffs and sacrifices for others in a society, even when social interdependence dictates that sustainable long-run solutions are ‘win-win’ for most or all. Without strong mutual accountability mechanisms, stepping back from the social and policy changes necessary to address these complex issues is simply too easy and too tempting.
Long-term, effective change in complex issue areas typically happens only if the government and key public stakeholders are pushing in the same direction. Political action to address social problems and their deleterious outcomes is not enough to effect large-scale change if opposed or undermined by the public. Efforts originating with the government often coincide with laws that demand change, but not all citizens feel compelled to obey. Similarly, social change efforts driven by nongovernmental entities will flounder if government opposes or refuses to reinforce the change. To achieve success in the fight against adverse outcomes of social problems, the government and large segments of the public must be willing to recognize the problem, understand the problem in a similar way, and agree on solutions.
The world’s third most affected country in terms of climatic events, Haiti seeks to better manage natural hazards to improve resilience
Haiti is highly vulnerable to natural hazards. Situated within the north Atlantic hurricane belt, andsat on top of the boundary between the Caribbean and North American plates, the risks are constant. However, this does not mean that disasters are inevitable.
These are some of the views and reports relevant to our readers that caught our attention this week.
Measuring the Information Society Report 2016
International Telecommunication Union
The period since the conclusion of the World Summit on the Information Society (WSIS) in 2005 has seen rapid growth in access to and use of information and communication technologies (ICTs) throughout the world. However, the potential impact of ICTs is still constrained by digital divides between different countries and communities. The International Telecommunication Union (ITU) documents the pervasiveness of ICTs and the extent of digital divides between regions and countries through its annual ICT Development Index (IDI), which aggregates quantitative indicators for ICT access, ICT use and ICT skills in the large majority of world economies.
Cellphones have lifted hundreds of thousands of Kenyans out of poverty
In Kenya, a so-called “mobile money” system allows those without access to conventional bank accounts to deposit, withdraw, and transfer cash using nothing more than a text message. It turns out that using cell phones to manage money is doing more than just making life more convenient for the Kenyans who no longer have to carry paper notes. It’s also helping pull large numbers of them out of poverty. That’s the central finding of a new study published in Science Thursday, which estimated that access to M-PESA, the country’s most popular mobile money system, lifted hundreds of thousands of Kenyans above the poverty line. By allowing people to expand the networks they draw from during emergencies, manage their money better, and take more risks, the mobile phone service provides a substantial boost to many of the most socioeconomically vulnerable members of society.
After a war or a disaster, we naturally think of the victims and survivors. But think, too, of those who have to put all the pieces back together again. Their task is immense, and the lives and well-being of thousands or millions depends on getting it right.
I saw such a process first-hand in Aceh, Indonesia, a region that suffered the unfortunate circumstances of being both a post-conflict and post-disaster region. A three-decade war had already taken 15,000 lives and left the province economically isolated when an earthquake and tsunami struck in December 2004. Entire communities were washed away. Infrastructure—roads, bridges, ports and more—lay in ruins. Schools, hospitals and government offices that remained were unable to function. Huge swaths of coastline, as well as the provincial capital, were covered in debris. Worst of all, over 200,000 were dead or missing, and survivors were left homeless and without food or water.
How do you begin to recover from such a catastrophe? Where do you even start?
On a recent road trip over the holidays, one of us had a good chat with his college-aged daughter about her views on gender. She was quite adamant in rejecting arguments voiced by some people about “innate intellectual differences” between males and females. She views these arguments as sexism that ignores the fact that there are women who are not getting the same opportunities as men because they are subject to cultural norms that limit their potential.