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February 2017

Is there something wrong with us economists?

Maurizio Bussolo's picture


We economists did not see the 2008 global financial crisis coming.

Nor did we anticipate, predict or, at least, warn people about the current wave of anti-trade, anti-immigration, and populism!?

To be fair, some economists were sounding alarms in the lead-up to the financial crisis. And even with the current backlash, although we may have missed the chance to predict it, many had warned that we were understating the impacts of global trade and that distributional tensions - the result of an unequal impact of globalization, technological change, and aging on certain groups - were mounting.

It seems very important – especially when considering the ongoing fierce rhetoric with which some policy proposals and decisions are described – to remain cool-headed, carefully analyze data, stay engaged and support reforms that are backed by solid evidence.

Getting further down the road – Improving the quality of education in Georgia

Nino Kutateladze's picture
Young student in Georgia

Educational change is a complex endeavor for any country – especially in the context of social, economic and political transition, not to mention globalization. And Georgia is no exception.
 
The country’s path toward systematic education reform began in the 1990s and has been long and significant – indeed, it has undergone a paradigm shift since the days of the Soviet system. Today, Georgia’s education curriculum and standards are far more advanced, the allocation of educational resources is more efficient and transparent, and major improvements have been implemented with regard to regulation and management of the education sector overall.
 
Education reforms have had an especially noticeable impact on the financing and governance of Georgia’s educational institutions. The words “corruption” and “nepotism” are no longer used when describing the education sector – a far cry from the early 1990s when they were considered the most pressing issues facing the sector.
 
Today, Georgia’s education sector faces different challenges, however – which have largely to do with the quality of education. Important questions revolve around the relevance of the skills, knowledge and attitudes learned at school: are they fully compatible with the needs of the country’s growing economy and with the competitive global economy of the 21st century? And if not, why not?

Don’t sweat the small stuff – lessons from European courts

Georgia Harley's picture

Last year, we posted a blog – Resolving Minor Disputes Matters Big Time for the Poor – which highlighted how courts can fast-track minor disputes to deliver faster, cheaper and more appropriate justice and how – for the poor and for micro and small businesses – this may be their only path to justice. 

Increasingly, citizens and businesses demand fast-tracking services for small cases and, according to Doing Business data, 138 economies have a small claims procedure of some kind. So courts across the world are eager to learn how to roll out such reforms – either to introduce a fast track procedure or to improve on an existing one.

Modernizing property registration: Four lessons we can learn from Russia

Wael Zakout's picture
Also available in: Русский
 Wael Zakout

I just came back from a trip to Russia. Back in 2006 and 2007, I had traveled to Russia frequently as the lead for the Cadastre Development Project. This time - as a Global Lead for Land and Geospatial at the World Bank - I saw something I did not expect to see.

Privatization of real-estate properties and protecting property rights became two important pillars of transformation following the end of the Soviet era. But, while they were important policy goals in the 1990s, the system did not really function properly: rights were not fully protected and people waited for many months to register property transactions.

Who's heard of "Garbology"?

Meriem Gray's picture
Also available in: Русский

It's as tall as some of Baku’s fanciest buildings, but the only residents here are crows and seagulls. Welcome to the Central Balakhani Sanitary Landfill, the largest rubbish dump in the Greater Baku area. But this is a dump with a difference: it is meticulously organized, as far as garbage disposal sites go.

Recently, the site was nothing but a big, open pile of burning garbage that has been rising from the ground since it was a designated dumping site in 1963. Now, six days a week, an army of trucks delivers 350 tons of municipal solid waste from the homes and offices of Baku’s millions of inhabitants.

Inspecting Poland's inspections

Maciej Drozd's picture


According to the World Bank’s Doing Business report, Poland ranked 74th globally in the ease of doing business in 2006. It took 10 procedures to incorporate a business in Warsaw, more than 40 steps to pay taxes, close to 200 days to register property, and almost 1,000 days to enforce a contract. A decade later, Poland ranked 24th, higher than the EU average – progress unmatched by any high-income country in terms of ease of doing business.

Poland has been one of the most active and steady reformers of its business environment in the world, but firms are yet to benefit from reforming the country’s burdensome business inspections.