Too many times after a natural hazard strikes, public outcries follow once the level of devastation becomes clear. People wonder – and often rightly so – if the disaster could have been prevented. After the 2015 Nepal earthquake for example, years of investment in school buildings was wiped away in seconds because schools were not built to withstand earthquakes – often because people were not aware of the earthquake risk. Fortunately, it was a Saturday so the schools that collapsed did not also result in unimaginable human tragedy.
In my first blog on Moldova’s pension system, I discussed challenges and reform options. My second one focused on the incentives to contribute into that pension system. Now, in this third blog, I am going to discuss Moldova’s retirement age: why it is important to raise it ... and why it is equally challenging to do so.
To better understand the issues faced by public pension systems today, it is important to remember that they are generally pay-as-you-go schemes. This means that those who work today pay the pensions of those who are retired.
This particular system was first introduced in Germany back in the 19th century, when the workforce was growing – a very different situation from what we have today. Rapidly ageing societies, longer life expectancy at retirement, lower fertility and migration are all adding pressures on pension systems in many European countries, including Moldova.
This is part of a series of blogs focused on the Sustainable Development Goals and data from the 2016 Edition of World Development Indicators. Chris Sall also contributed to this blog.
, according to the UN. Much of the 1 billion increase in urban population between now and 2030 will be in Asia and Africa, both of which are in the midst of transformations that will permanently change their economic, environmental, social, and political trajectories.
Sustainable Development Goal 11 aims to ensure that cities and other human settlements are safe, inclusive, resilient, and sustainable by targeting housing and slums, transportation, participatory planning processes, cultural heritage, waste management, air quality, disaster risk management, and other issues.
- In the Richard T. Ely lecture, John Campbell discusses the challenge of consumer financial regulation – he distinguishes 5 dimensions of financial ignorance many households exhibit: 1) ignorance of even the most basic financial concepts (financial illiteracy); 2) ignorance of contract terms (such as not knowing about the fees build into credit cards or when mortgage interest rates can change); 3) ignorance of financial history – relying too much on own experiences and the recent past; 4) ignorance of self- a lot of financially illiterate people are over-confident about their abilities; and 5) ignorance of incentives, strategy and equilibrium – failure to take account of incentives faced by other parties to transactions. Given these problems, and the limits of financial education and disclosure requirements to fix them, he discusses what financial regulation is needed: “consumer financial regulation must confront the trade-off between the benefits of intervention to behavioral agents, and the costs to rational agents….the task for economists is to confront this trade-off explicitly”
- development impact links
As the World Humanitarian Summit approaches, the buzz around humanitarian issues is reaching fever pitch (see here, here and here). This is complemented by a growing literature on how government safety nets such as cash transfer programs can be ‘scalable’ in response to shocks (see here and here).
Amidst the excitement, the distinction between humanitarian assistance and safety nets is not always clear: how do they differ? Are they complementary or alternatives? What are the trade-offs? In a recent note, I tried to explore some these quandaries.
The word ‘conservative’ has lost all meaning these days, which is both sad and depressing. It is now used as short hand for all manner of romantic reactionaries (who want to go back to some Golden Age), bigots, racists, obscurantists, buffoons, and carnival barkers. Yet modern conservatism is a serious and intelligent approach to politics espoused by some of the finest and deepest minds in the history of political thought. I always say that when I studied political philosophy in graduate school I went into my studies as a political liberal, and while a came out more convinced of the justness and soundness of liberal constitutional democracy, the thinkers that had impressed me the most were mainly conservative political philosophers, particularly David Hume, Edmund Burke, Joseph de Maistre and James Madison. An encounter with these minds is a bracing experience. You do not survive it without your mental architecture being somewhat rearranged.
In what follows, I will attempt a restatement of modern (because it is also, like liberalism, a product of the Enlightenment) conservative political thought as I understand it, and try to indicate why I deeply respect this approach to social and political challenges even if I don’t always agree with it.
These are some of the views and reports relevant to our readers that caught our attention this week.
Curbing corruption and fostering accountability in fragile settings - why an imperilled media needs better support
BBC Media Action
An independent media is one of the most effective assets we have in efforts to curb corruption and foster accountability. Yet it is deeply imperilled, particularly in fragile states and often poorly understood by the international development sector. This policy working paper argues that unless development strategies begin to prioritise support to independent media, corruption may continue to go unchecked and the accountability of states will diminish.
Africa’s digital revolution: a look at the technologies, trends and people driving it
World Economic Forum
We are at the dawn of a technological revolution that will change almost every part of our lives – jobs, relationships, economies, industries and entire regions. It promises to be, as Professor Klaus Schwab has written, “a transformation unlike anything humankind has experienced before”. In no place is that more true than Africa, a continent that has yet to see all the benefits of previous industrial revolutions. Today, only 40% of Africans have a reliable energy supply, and just 20% of people on the continent have internet access.
Cette page en Français.
This post was originally published on the Voices blog.
As a former country manager in Benin, my team and I advised the national administration on the Public-Private Partnerships (PPP) Project Law then under consideration and engaged in PPPs. This effort took place after the private sector, both domestic and international, made a strong commitment to finance large infrastructure programs. Timing is everything, of course, and the window for passing the legislation through parliament before legislative elections was tight – ultimately, too tight. A better understanding of PPPs and the options these partnerships can offer to a country like Benin, which needs substantial infrastructure investments, would have helped the process tremendously.
To get a full picture of how social accountability can improve the quality of health services in Indonesia, one only has to travel to the border areas in East Nusa Tenggara (NTT) province.
On a scorching afternoon in August 2015 in Bijaepasu sub-district, a six hour drive from the provincial capital Kupang, a queue was forming in front of the village health center or puskesmas. The crowd seemed undeterred by the temperature that hovered around 40 degrees Celcius.
Leaning against its deteriorating walls were mothers and babies, elderly women and men. The queue was long and slow moving. The health center workers appeared overwhelmed. There were barely any medical equipment or supplies.