A new report, From Hair Stylists and Teachers to Accountants and Doctors - The Unexplored Potential of Trade in Services in Africa, indicates that African countries are trading in services, often in unexpected ways. Africa’s export potential in traditional services, such as tourism, is clearly recognized, but the emerging success of exports of nontraditional services is often overlooked. Hairdressers, doctors, educators, and accountants are all examples of service providers who are moving across borders to take advantage of employment opportunities away from home. Many of these workers are finding opportunity in the informal sector, driven to other countries due to poverty and lack of opportunities at home. Read more in the feature story and report
Carbon dioxide (CO2) accounts for more than 80% of total greenhouse gas emissions globally, but only 12% of emissions are currently covered by explicit carbon prices. The High Level Panel on Carbon Pricing has called on the international community to double this figure to 25% by 2020 and increase it again to 50% within a decade. Read more.
Political instability, corruption, & unreliable electricity are the key impediments to firms’ growth in the Middle East and North Africa according to 6,000 firms surveyed across Djibouti, Egypt, Jordan, Lebanon, Morocco, Tunisia, Palestine and Yemen. Read more in "What's Holding Back the Private Sector in MENA?"
Land protection laws are an important conservation strategy that help to preserve natural habitats and biodiversity. Globally, the share of the world's land under protection has doubled since 1990, and Latin America has the most land within protected areas of any region of the world. Read more.
Nepal is a country full of untapped potential, but several obstacles stand in its way of becoming a more modern and globally connected economy. Outdated trade and investment policies hurt exporters especially and make it difficult for them to reach markets in developed countries. A new World Bank Group report takes stock of current participation in global markets and makes recommendations on how the country can increase trade integration and boost its economy.
Over half a million people were killed by intentional homicide in 2012, while in 2014 there were more than one hundred thousand battle-related deaths. Episodes of such violence and unrest can reverse development efforts and rapidly dismantle achievements built over a long time, along social, political economy, and physical dimensions.
Many countries are struggling to improve national learning averages in core subjects such as reading, mathematics and science. While the majority of students reach the lowest international benchmark level in core subjects by the age of 14 or 15, a significant proportion do not. For those that fail, they are unlikely to be able to master these skills by the end of their schooling. This will impact on their ability to join the labor force and have productive jobs. Sustainable Development Goal 4 looks to “ensure inclusive and quality education and promote lifelong learning opportunities for all” in an attempt to widen the talents of a country’s future workforce and set the stage for increased economic growth. Education assessments, while not wholly comparable, shed light on countries’ achievements or gaps in the provision of a high quality and effective education system.