Despite a somewhat gloomy prognosis for the near future, emerging and other developing countries still have a great potential to "switch over," and in the mid-term, consolidate their position as the new engines of global economic growth.
Attending the opening session of the 19th International AIDS Conference was worth it. For two reasons (not including Sharon Stone). First, I got to hear what was said, and then more importantly, I got to hear what wasn't.
Ending the suffering from AIDS is possible in our lifetime. To know it's possible, one need only to see how the investment and the life-saving treatments and drugs that followed it have stalled a once booming coffin making business in Southern Africa.
Europe is the land of generous social programs with not as much inequality as in the U.S., right?
If the European Union (EU) is taken as a single country, economic data show that the EU and the U.S. have similar levels of inequality.
Last Friday was Robert B. Zoellick's last day as president of the World Bank Group. While he may leave many legacies behind, perhaps one that stands out is embodied in his commencement address for RAND Graduate School: "Getting Stuff Done."
Haven't similar experiences in the debt crises of the 1980's, Russia in 1998, and Argentina in 2001 taught us that waiting too long to restructure in situations of clear insolvency can be more costly in the end?
Interestingly, this phenomenon -- mobility out of poverty accompanied by higher income concentrations and persistent inequality -- is evident in all regions of the world, with the exception of one: Latin America and the Caribbean (LAC)
Latin American multinationals are becoming world players - no longer content to be mere
primary-good exporters as in the past, they are staking claims as major investors, launching
projects and investing in local operations all over the globe.
On June 21, the World Bank is expected to submit to its Board of Directors a credit of $684 million for a 1,000-kilometer-long transmission line from Ethiopia to Kenya. Strong evidence links this transmission line to the Gibe III Dam.
Take the case of the upsurge of export barriers in response to rising world prices of food staples. While a particular country might put in place such a barrier to keep food at home and prices low, the effects in importing countries are negative.
As Dartmouth's outgoing president, World Bank Group President-Elect Jim Yong Kim stressed the importance of interdisciplinary research. The need for students to engage with the rest of the world. To push beyond their comfort zone.