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Weekly wire: The global forum

Roxanne Bauer's picture

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

World Bank Group
Too often, government leaders fail to adopt and implement policies that they know are necessary for sustained economic development. Political constraints can prevent leaders from following sound technical advice, even when leaders have the best of intentions. Making Politics Work for Development: Harnessing Transparency and Citizen Engagement focuses on two forces—citizen engagement and transparency—that hold the key to solving government failures by shaping how political markets function.
 
Devex
The most challenging notion to take on board in the governance of today’s world is that not all that counts can be counted. We increasingly rely on numbers as shortcuts to information about the world that we do not have time to digest. The name of the game is governance “as if” the world counts. It might be a smart shortcut sometimes, but we are in deep trouble if we forget that we are doing it “as if” the world counts. Leadership should take making good decisions seriously. If the method by which we get knowledge and the method by which we make decisions is limited to what can be numbered, we are setting up a system of governance that’s systematically getting stuff that actually counts wrong.
 

One in four countries don’t notify the public about proposed new business regulations

Valentina Saltane's picture

Transparency and accountability in government actions are increasingly recognized as central to economic development and political stability. Where citizens know the rules that govern their society and have a role in shaping them, they are more likely to comply with those rules. Corruption is lower and the quality of regulation is higher. In addition, citizen access to the government rulemaking process is central for the creation of a business environment in which investors make long-range plans and investments.

Among the 185 countries sampled by the Global Indicators of Regulatory Governance, 138 notify the general public of a proposed new regulation before its adoption. Most countries that give notice are either high income OECD economies or located in the European and Central Asia region.

New report makes it easy to explore data on skills development

Viviana Roseth's picture
Data is fundamental in determining how education can develop the skills that the labor market needs.

Education and training play an important role in ensuring that youth develop the skills they need to live independent and prosperous lives. The research is clear: youth are more affected by unemployment than any other age group. Around the globe we have seen the political, economic and social consequences of young people not having jobs. Governments and international development organizations have turned to education and training initiatives as one tool to enable youth to find jobs or launch their own businesses.

Chart: India lifted 133 million people out of poverty between 1994 and 2012

Ambar Narayan's picture
This blog post is part of the India: Pathways to Prosperity blog series

India is home to the largest number of poor people in the world, as well as the largest number of people who have recently escaped poverty. Despite an emerging middle class, many of India’s people are still vulnerable to falling back into poverty, making the country uniquely placed to drive global poverty reduction. In the last few weeks, a new blog series analyzed publicly available data to better understand what has driven poverty reduction from the mid-1990s until 2012, and the potential pathways that can lead to a more prosperous India. Learn more
 


 

Swedish firms provide training and consider an inadequately educated workforce as the major obstacle to their operations

Silvia Muzi's picture
The private sector is a critical driver of job creation and economic growth. However, several factors can undermine private enterprise and, if left unresolved, may blunt growth. Through rigorous face-to-face interviews with managers and owners of private firms, the World Bank Group’s Enterprise Surveys benchmark the business environment in countries, based on the direct experiences of firms.
 
This blog is based on the Sweden Enterprise Survey (ES), which covered 600 firms across 4 regions and 6 business sectors.


Gender equality is one of the cornerstones of modern Swedish society. In the workplace, however, women are still underrepresented at the upper levels of corporate responsibility and decision-making, especially in the private sector. While women constitute more than one-third of the country’s private sector workforce, they account for only 23% of all managers—with an even smaller percentage of top managers. In 2013, when the Sweden Enterprise Survey was conducted, only 12% of firms in Sweden were led by a top woman manager.
 

Real-time data as an early warning signal

Fida Rana's picture

The risks inherent in public-private partnerships (PPPs) are real. These long-term projects require substantial investment: typically, PPP project funding structures constitute 70 to 80 percent debt, with the remaining coming from equity sources. Because of the nature of these projects, their loan repayment profile demands a longer tenor. In a practical sense, once lenders start disbursing funds to a PPP, the loans could remain on their balance sheet for around 20 years. This is a typical scenario.

For such prolonged engagement in PPP projects, lenders’ ability to monitor the project during the construction and operation phase becomes critical. The approach to monitoring we’ve been offered so far serves its purpose up to a point, but promising developments in real-time data monitoring have the potential to serve as effective early warning signals—assuring the success of a PPP in ways that could revolutionize certain sectors.

ThinkHazard! – A new, simple platform for understanding and acting on disaster risk

Alanna Simpson's picture
ThinkHazard! platform


Too many times after a natural hazard strikes, public outcries follow once the level of devastation becomes clear. People wonder – and often rightly so – if the disaster could have been prevented.  After the 2015 Nepal earthquake for example, years of investment in school buildings was wiped away in seconds because schools were not built to withstand earthquakes – often because people were not aware of the earthquake risk. Fortunately, it was a Saturday so the schools that collapsed did not also result in unimaginable human tragedy.  

Ending poverty means closing the gaps between women and men

Sri Mulyani Indrawati's picture

A woman in a Niger village cooks for her family. Photo © Stephan Gladieu/World Bank

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, creating jobs, and, finally, preventing and adapting to climate change.

The world is a better place for women and girls in 2016 than even a decade ago. But not for everyone, and definitely not everywhere: This is especially true in the world’s poorest, most fragile countries.
 
It’s also particularly true regarding women’s economic opportunities. Gender gaps in employment, business, and access to finance hold back not just individuals but whole economies—at a time when we sorely need to boost growth and create new jobs globally.

The way out of poverty and corruption is paved with good governance

Sri Mulyani Indrawati's picture

Woman speaks to World Bank MD and COO Sri Mulyani Indrawati in the Nyabithu District of Rwanda. © Simone D. McCourtie/World Bank

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, creating jobs, and, finally, preventing and adapting to climate change.


Twenty years ago, the World Bank took up the fight against corruption as an integral part of reducing poverty, hunger, and disease. The decision was groundbreaking then and remains valid today. Corruption diverts resources from the poor to the rich, leads to a culture of bribes, and distorts public expenditures, deterring foreign investors and hampering economic growth.


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