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November 2016

The Russian economy inches forward

Apurva Sanghi's picture
Also available in: Русский

During the four months that I have been based in Moscow, one truism about Russia has stood out for me: There is a hunger to know what “truly” goes on in the world’s largest country (by area) and its economy. So any report we publish on Russia gets a lot of attention, and our latest Russia Economic Report is no exception. While we analyzed and discussed many economic issues, here are three noteworthy ones.

Improving fairness, opportunity and empowerment: A view from the South Caucasus

Genevieve Boyreau's picture
Also available in: Русский
I was quite intrigued by the findings of the latest Europe and Central Asia Economic Update, with its special focus on "Polarization and Populism". As Program Leader for the South Caucasus region, covering Azerbaijan, Armenia and Georgia, I was particularly interested in the fact that these three countries report the highest levels of life and job dissatisfaction, despite declining disparities and overall income improvement in the region (in Georgia, for instance). Indeed, using the World Bank’s "twin goal” metrics, the South Caucasus region has been performing reasonably well.

Metropolitan development is central to Romania’s economic development

Marcel Ionescu-Heroiu's picture
Also available in: Română | Русский
Metropolitan development is important for Romania’s growth. An analysis prepared by the World Bank for the Romanian Ministry of Regional Development and Public Administration (MRDPA) indicates that Romania’s eight largest metropolitan areas (Bucharest, Brașov, Cluj-Napoca, Constanța, Craiova, Iași, Ploiești and Timișoara) concentrate 50 percent of Romania’s population and generate 75 percent of firm revenues in the country.

Metropolitan areas are the economic engines of a country, and if these engines do not work well, neither does the economy as a whole. Unfortunately, in Romania, these engines do not function properly, highlights another World Bank analysis prepared for MRDPA. There are only a few cities that have a functional metropolitan public transport system (e.g. Alba Iulia, Cluj-Napoca), few cities that have prepared spatial plans for the metropolitan area (e.g. Brăila, Brașov, Craiova), and even fewer that have managed to implement projects at the metropolitan level (e.g. Constanța).

What are some of the challenges facing metropolitan areas in Romania?

Positive competition drives better performance

Georgia Harley's picture
We all know that people respond to incentives.
 
Even in the public sector – where pay and conditions are often fixed – there is a growing body of research demonstrating how public sector institutions can systematically motivate their staff to perform better.  (If you’re interested, see a sampling here, here, here, and here and of course the World Development Report: Mind, Society and Behavior.) 

People’s living standards – do numbers tell the whole story?

Giorgia DeMarchi's picture
Also available in: Русский
Numbers don’t lie. That’s why, in our day-to-day lives, we rely heavily on numbers from household surveys, from national accounts, and from other traditional sources to describe the world around us: to calculate, to compare, to measure, to understand economic and social trends in the countries where we work.

But do we perhaps rely too much on numbers to gain an understanding of people’s lives and the societies in which they live? Do numbers really tell us the whole story, or give us the full picture?