My Exfam colleague Kate Raworth’s book Doughnut Economics is launched today, and I think it’s going to be big. Not sure just how big, or whether I agree with George Monbiot’s superbly OTT plug comparing it to Keynes’s General Theory. It’s really hard to tell, as a non-economist, just how paradigm-changing it will be, but I loved it, and I want everyone to read it.
Down to business – what does it say? The subtitle, ‘Seven Ways to Think Like a 21st Century Economist’, sets out the intention: the book identifies 7 major flaws in traditional economic thinking, and a chapter on each on how to fix them. The starting point is drawings – working with Kate was fun, because whereas I think almost entirely in words, she has a highly visual imagination – she was always messing around with mind maps and doodles. And she’s onto something, because it’s the diagrams that act as visual frames, shaping the way we understand the world and absorb/reject new ideas and fresh evidence. Think of the way every economist you know starts drawing supply and demand curves at the slightest encouragement.
Last week, on April 20th, Matt Damon, co-founder of Water.org, addressed ministers of finance, water, and sanitation from across the world at the Sanitation and Water for All (SWA) Finance Ministers’ High Level Meeting at the 2017 World Bank-IMF Spring Meetings. The meeting focused on finding ways to fill the enormous financing gap via innovative financial solutions. Mr. Damon urged ministers to consider the full breadth of financing options to achieve the goal of providing safe, affordable, and sustainable water and sanitation for all.
Efforts to foster collaboration between science and industry have long been a part of innovation policy in many countries. Firms stand to benefit from accessing the specialized infrastructure and expertise available in universities. Researchers gain access to practical problems that can provide greater relevance for their research, and to industrial capabilities for manufacture and assistance in commercializing their ideas to take them to market. Yet, there are barriers that inhibit collaboration, including financing constraints, information asymmetries, and transaction costs in negotiating collaboration agreements.
- Financial Sector
“Inclusive growth” has been at the forefront of policy discussions in OECD and non-OECD economies. These discussions reflect a concern that economic growth does not necessarily improve the welfare of all citizens as income inequalities have risen to unprecedented levels over the past decades. The richest 10% of the population in the OECD area earn almost ten times more than the poorest 10%.
Throughout history, innovation has been the main engine of improved living standards and the current period of digital innovation offers similar opportunities. At the same time, periods of substantial technological change are known to be highly disruptive as new technologies render old technologies obsolete. This process creates winners but also losers within and across countries.
“There is a line of Salman Rushdie’s, I think it’s an essay, where he says: our lives teach us who we are. And I think that’s the case. It’s not that you have a set identity, it’s that by your actions you find out what sort of person you are. And the news is not always…lovely.”
- Zadie Smith - novelist, short story writer, essayist, and a tenured professor in the Creative Writing Program at New York University.
Quoted in Financial Times Weekend print edition November 12, 2016 "Lunch with the FT Zadie Smith" by Jan Dalley
Thirty years ago, polio affected nearly 350,000 people per year across 125 countries. Today, the poliovirus is circulating in only two countries, Afghanistan and Pakistan, where five new cases have been reported so far in 2017. But progress to eliminate polio in the region has been difficult, particularly in North-West Pakistan, an area affected by deadly flooding, ongoing conflict, and attacks against vaccine health workers.
But where does data come from? And what’s really going on behind the scenes to arrive at these all-important numbers? A new PBS documentary called The Crowd and the Cloud brings data to life by showing us the real lives behind the data points and the hard work that it takes to turn a human story into a statistic.
Hosted by former NASA Chief Scientist Waleed Abdalati and written and produced by Geoff Haines-Stiles (Senior Producer of COSMOS with Carl Sagan), The Crowd and the Cloud is a four-part documentary that examines the rapidly growing field of citizen data science, showing how regular citizens are increasingly able to gather and share valuable data on the environment, public health, climate change, and economic development.
Episode 4: Citizens4Earth follows Talip Kilic from the World Bank’s Living Standards Measurement Study program as he travels to far-flung rural communities in central and southwestern Uganda, along with the survey teams for the Uganda National Panel Survey (UNPS). In the episode, James Muwonge (Director of Socioeconomic Surveys at the Uganda Bureau of Statistics) explains why household surveys like the UNPS are so important for investment decisions and policy-making, particularly in developing countries like Uganda.
half lacked sufficient data for measuring poverty between 2002 and 2011. In response, the World Bank has committed itself to reversing this dismal state of affairs: in October 2015, World Bank President Jim Yong Kim announced that the Bank would support the 78 poorest countries in conducting an LSMS-type household survey every 3 years.and the Bank’s twin goals of ending global extreme poverty by 2030 and boosting shared prosperity. However, we still face significant challenges around the world in terms of data availability - among the 155 countries for which the World Bank monitors poverty data,
A recent paper in Lancet Global Health found that generous conditional cash transfers to female secondary school students had no effect on their school attendance, dropout rates, HIV incidence, or HSV-2 (herpes simplex virus – type 2) incidence. What happened?
Global emissions of carbon dioxide, a major greenhouse gas and driver of climate change, increased from 22.4 billion metric tons in 1990 to 35.8 billion in 2013, a rise of 60 percent. The increase in CO2 emissions and other greenhouse gases has contributed to a rise of about 0.8 degrees Celsius in mean global temperature above pre-industrial times.
Remittances to developing countries decreased by 2.4 percent to an estimated $429 billion in 2016. This is the second consecutive year that remittances have declined. Such a trend has not been seen in the last 30 years. Even during the global financial crisis, remittances contracted only during 2009, bouncing back in the following year.