The fact that digital is the new way of life is no longer rocket science for anyone living in this new era. We are swamped with new technologies which have contributed to the birth and growth of this era that is also known as the “Internet” economy.
Spring in Washington, D.C. means cherry blossoms, warmer weather, and of course the of the World Bank Group and International Monetary Fund. And with them, the buzz and crowds nearly rival those at ground zero for spring in D.C. at the National Mall’s reflecting pools.
The meetings and related events, held April 9–14, are attended by about 2,800 delegates from member countries, 350 observer organization representatives, 800 members of the press, and 550 representatives from civil society organizations.
On the menu this year for those of us in the PPP, infrastructure, and private-sector finance arena are a number of events highlighting the management of PPPs and fiscal risk, how to drive investment to fragile settings, and the power of partnerships. All the below events (except the first) have been or will be live-streamed and can be replayed, so wherever you are in the world you can tune in to learn more.
As China transitions from pursuing high-speed growth at any cost to a growth model that focuses on sustainability, inclusivity, and efficiency, cities like Chongqing are a critical part of this new urbanization strategy.
The world is in a constant state of evolution. The many changes and transformations are so far-reaching that, up until very recently, they would have been unimaginable. The human spirit, like a genie released from a bottle, is moving from conquest to fresh conquest, from one innovation to the next. In the midst of this shifting sea of change, three key attributes continue to stand out as fundamental for the young people of Africa: energy, passion, and imagination. These are all qualities that we have in abundance.
A lot of benefits will result from the digital economy if African youth are equipped with the digital skills they need. We can therefore enhance these digital skills to young people in the following ways:
Encourage the culture of study internships
It is a rare culture for young Tanzanians to seek for internships unless required by their learning institutions. By encouraging the culture of seeking internships intentionally, it will add up as an advantage for youth to gain digital skills that otherwise wouldn’t be obtained. Through the culture of internships, students will also have a reflective time to redefine their career path and experience the work dynamics and define their own future works.
What are the pathways people follow to better jobs? Economies grow when more people find work, when they get better at what they do, and when they move from low-productivity work to better, higher-productivity jobs. Our newest report `’ takes a closer look at how people benefit through jobs in the process of development. It identifies how the available jobs change with economic transformation and shows how the structure of labor markets differs between low, lower-middle, and middle-income countries. It points to key challenges in ensuring that workers can transition between sectors, between locations, and between self- and waged employment.
The study uncovers many findings, some familiar, some new. These will be featured in more detail in future blogs. Meanwhile, here are five important facts drawn from this extensive research, which combines data from over 16,000 episodes of real GDP growth, labor supply information for over 140 countries, and firm-level analysis from Jobs Diagnostics.
- The World Bank’s Enterprise Survey program is not just about surveying formal firms. In some countries (such as Mozambique, Zimbabwe & Lao DPR), they now also conduct surveys of informal firm. A harder-to-sample group than households or formal firms, the surveys use stratified adaptive cluster sampling methods—a method commonly used in the field of biology.
What exactly is ? The phrase itself is only two words: “Capital” refers to an asset that improves one’s ability to be economically productive while “Human” refers to the individual as the very unit in which the asset comes. Taken together however, the phrase transforms to be about that which an individual human can harness within themselves to realize their full potential, and be the best contributor to society they can be.
What can each individual harness to make the most for, and of themselves? This is the question that the contemporary visual art exhibition on view in the Gallery in the seeks to understand.
But, how can we ensure that every human being has access to those three things? What happens when someone is unable to access health, knowledge, skills - some, or all three? The artworks on view confront these very questions.
This blog is part of a series that discusses findings from the report, which identifies the changes necessary for Pakistan to become a strong upper middle-income country by the time it turns 100 years old in 2047.
. Estimates based on the national poverty line, which was set at Rs3,030.3 per adult equivalent per month based on 2013-14 prices, show a consistent decline over the past two decades.
. However, a lot is yet to be done.
Not only because 2015 estimates show that approximately one in four Pakistani still does not have enough money to satisfy basic needs, but – even more alarming – progress has been far from equal when looking across the provinces, districts, cities, and rural areas.
Within provinces, poverty has remained stubbornly high in Southern Punjab and Northern Sindh. Similarly, the pace of poverty reduction has been slower in rural areas compared to cities, where the risk of poverty is less than half compared to rural areas.
Inequalities in poverty levels and poverty reduction performance are compounded by substantial inequalities in access to and quality of basic services such as health, education, electricity, water, and sanitation.
Being born in one of the country’s lagging areas and/or in a poor family largely predetermines a child’s chances of escaping deprivation and realizing his or her full human capital potential in life.
This digital age is not a temporary phenomenon or a trend that will vanish in a matter of time. It is the platform that brings the role players of the economic system together, creating what is known as the digital economy.