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
Sustainable Development Goal 8 makes a specific commitment to improve the quality of employment. Its targets go beyond economic growth and more employment; they now commit us to job creation that is sustainable, more productive and inclusive. This is particularly applicable to women: the data show that.
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.
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.
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.