Coal plants don't come dirtier than the Soviet-era relics currently in operation in Kosovo. Despite the terrible pollution these plants spew, the World Bank has decided the only option for this young country is to lock in more of it.
Various policy objectives have motivated the creation -- and exponential expansion -- of SEZs around the world. However, such successes have not been universal or without controversy in the past, nor are they guaranteed in the future.
Think of what would happen if you lived in one of the 58 developing countries that remain unrated by Standard & Poor's, Moody's and Fitch. You would have very limited access to capital and investment, and the cost of borrowing would be significantly higher.
During the past two years of the financial crisis, the World Bank has been a global player. The challenge now is to connect global and country actions, harness innovation across a broad front, and promote a development path that is more sustainable.
You would think that the Obama administration and Congress would want to make sure that the money they spend is spent wisely. That certainly doesn't appear to be the case when it comes to the World Bank Group.
The uprisings of the Arab spring have brought renewed attention to long-standing accusations that kleptocratic regimes throughout the Middle East have plundered their nations' assets. But recovering those assets remains a daunting challenge.
In much of the world, that daily loaf of bread often stands between the mass of humanity and starvation. If recent upheavals were not "resource conflicts" in the formal sense of the term, think of them at least as bread-triggered upheavals.
The financial, food and fuel crises as well as climate-related disasters have dominated the global stage in the past five years. Unless we recognize the interconnectivity among these events, responses will likely remain inadequate.
When we talk of diversification, it's not only diversification of products but also of markets. The greater variety of products a country can export, to a greater array of clients, the less vulnerable it will be to external shocks.
Prudential regulation and monetary policy are complementary. Neither one can replace the other on its own. The combined use of both tends to be more effective than a standalone implementation of either.