Currently about one billion people, or 14.5% of the world’s population, live in extreme poverty. The prospective impacts of climate change may be a serious threat to the goals of ending poverty by 2030 and promoting shared prosperity.
To enhance the understanding of such threats, a team of researchers (David Wheeler, Mainul Huq, Md. Moqbul Hossain and myself) recently analyzed the potential effects of climate change on land degradation, livelihood of poor rural households, and the responses of those households, in coastal Bangladesh. Our study focused on areas of coastal Bangladesh where the incidence of poverty is very high (both, in absolute terms as well as relative to the rest of the country), and where residents already have experienced widespread inundation and salinization of soil and water. We were looking to quantify the impacts of these events on household composition through migration decisions, and the effects they have on household economic welfare.
Landing at Paro in Bhutan involves making a question-mark shaped maneuver while dropping altitude rapidly to avoid making wing-contact with the Himalayan mountains surrounding the Paro valley where Thimphu, the capital, is also situated. A fellow passenger informs me that there are only 9 pilots in the world who are trained to make this landing. I use up one of my rare prayers to request that it be one of those flying us now. It is, I think, the infrequency of prayers that makes them so effective; our plane descends smoothly and tiptoes on to the tarmac.
Note from Let's Talk Development Editors: Co-authors Michael Keen and Ian Parry were not mentioned in an earlier version of this blog post, this has been corrected.
The central focus of climate talks that concluded last year in Lima has been on building wide agreements to restrict national emissions of greenhouse gases. But some important emissions are hard to allocate to individual nations: Those from international aviation and shipping. These currently constitute about 4% (and rising) of global carbon emissions, and are subject to almost no charges. This current state reflects heavy resistance to such charges, from industry and many governments, but also tax competition: Taxing these sectors by any one country can be hard due to their geographic mobility and international nature.
The World Bank Group’s Enterprise Surveys (ES) evaluate the quality of the business environment in an economy by asking a series of questions that capture both the experiences and perceptions of firms. These surveys provide much needed information, particularly in developing countries where firm-level data about what businesses experience are limited.
The Djibouti Enterprise Survey is the first-ever ES in the country and consists of 266 firms in Djibouti City across three sectors – manufacturing, retail, and other services. Firms interviewed for the ES are formal, private-sector firms operating in non-agricultural, non-extractive private sector with five or more employees.
Africa is fortunate. Unlike more industrialized countries and even some industrializing countries like China, Africa is endowed with a much younger population. This could offer a tremendous comparative advantage in years to come that could propel the continent forward as a dynamic and productive engine of growth for the entire world. As elucidated by the UNFPA, “A window of economic and social growth occurs when the working age population becomes larger than people of non-working age…” making significantly higher growth rates possible as “the state faces fewer costs associated with children and the elderly”. But for Africa to realize this advantage, it needs two things: investment to create good jobs, and the young people with the skills to fill them.
According to the United Nations, persons between 15 and 24 comprise a fifth of the world’s population with the vast majority living in developing countries . But, at present in Africa, this cohort accounts for almost two thirds of the unemployed. While there has been no shortage of initiatives to tackle the youth “issue”, these have been at the social margin with mixed results. Policy reforms and donor support have included both supply and demand side activities, mostly directed to investment in public services complimentary to the private sector which, while necessary, have not been sufficient.