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  • Kim, Jim Yong  (91)
  • McKenzie, David  (72)
  • Washington, D.C : The World Bank  (163)
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  • 1
    Language: English
    Pages: 1 Online-Ressource (68 pages)
    Parallel Title: Erscheint auch als Iacovone, Leonardo Bayesian Impact Evaluation with Informative Priors: An Application to a Colombian Management and Export Improvement Program
    Keywords: Bayesian Impact Evaluation ; Competition Policy ; Competitiveness and Competition Policy ; Economic Theory and Research ; Export Competitiveness ; International Economics and Trade ; Macroeconomics and Economic Growth ; Management ; Prior Elicitation ; Private Sector Development ; Randomized Experiment ; Social Policy Evaluation Method
    Abstract: Policymakers often test expensive new programs on relatively small samples. Formally incorporating informative Bayesian priors into impact evaluation offers the promise to learn more from these experiments. A Colombian government program which aimed to increase exporting was trialed experimentally on 200 firms with this goal in mind. Priors were elicited from academics, policymakers, and firms. Contrary to these priors, frequentist estimation can not reject 0 effects in 2019, and finds some negative impacts in 2020. For binary outcomes like whether firms export, frequentist estimates are relatively precise, and Bayesian credible posterior intervals update to overlap almost completely with standard confidence intervals. For outcomes like increasing export variety, where the priors align with the data, the value of these priors is seen in posterior intervals that are considerably narrower than frequentist confidence intervals. Finally, for noisy outcomes like export value, posterior intervals show almost no updating from the priors, highlighting how uninformative the data are about such outcomes
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (12 pages)
    Parallel Title: Erscheint auch als McKenzie, David Is there Still a Role for Direct Government Support to Firms in Developing Countries?
    Keywords: Development Economics and Aid Effectiveness ; Firm Support ; Green Growth Agenda ; Impact Evaluation ; Industrial Economics ; Industrial Policy ; Industry ; Macroeconomic Policy ; Macroeconomics and Economic Growth ; Subsidized Loans
    Abstract: Should governments in developing countries directly support firms with policies such as grants, subsidized loans, and training and consulting programs, or should they instead just aim to enact sensible regulatory and macroeconomic policies and not attempt to engage in industrial policy While industrial policy has gained renewed attention in developed economies, it faces considerable skepticism in developing countries scarred by previous experiences and facing limited fiscal space. This paper discusses the rationale for government involvement, and then lessons from a recent research agenda in development economics on how to target these programs, on whether they induce firms to undertake additional activities, on avoiding political capture, and on how these interact with competition. This work shows that these policies can deliver some of their promised benefits, but that there is still much to learn and the need for systematic and serious attempts at prospective impact evaluation as new policies are launched
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  • 3
    Language: English
    Pages: 1 Online-Ressource (53 pages)
    Parallel Title: Erscheint auch als Bertoli, Simone Migration, Families, and Counterfactual Families
    Keywords: Counterfactual Reasoning ; Family Formation ; Human Rights ; International Economics and Trade ; International Migration ; Law and Development ; Macroeconomics and Economic Growth ; Migrant Policy ; Migrants Families ; Migration ; Remittances ; Status Quo Bias
    Abstract: Migration changes how families form and dissolve, and how one should conceptualize the family. This has implications for thinking about how the migration decision is modelled when individuals are unable to picture the counterfactual families they may have. Differences in marital status can induce two otherwise identical individuals to make different migration decisions. It also has implications for attempts to causally estimate impacts of migration, when the family composition changes with the migration decision itself. This paper shows empirically that changing marital status after migration is widespread, and that the traditional model of a fixed family sending off a migrant who remains part of that same family only describes a minority of migrants moving from developing countries to the U.S. The authors draw out lessons from thinking about counterfactual families for empirical research and for migration policy
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  • 4
    Language: English
    Pages: 1 Online-Ressource (33 pages)
    Parallel Title: Erscheint auch als Ana P., Cusolito Capacity Building as a Route to Export Market Expansion: A Six-Country Experiment in the Western Balkans
    Keywords: Broadcast and Media ; Consulting ; Customer Acquisition ; Digital Presence ; Export Competitiveness ; Export Market Expansion ; Information and Communication Technologies ; International Economics and Trade ; Marketing Training ; Private Sector Development ; Skills Development and Labor Force Training ; Small and Medium Enterprises (SME) ; Small and Medium Size Enterprises ; Training
    Abstract: The limited market size of many small emerging economies is a key constraint to the growth of innovative small and medium enterprises. Exporting offers a potential solution, but firms may struggle to locate and appeal to foreign buyers. A six-country randomized experiment was conducted with 225 firms in the Western Balkans to test the effectiveness of 30 hours of live group-based training and 5 hours of one-on-one remote consulting in overcoming these constraints. Treated firms used techniques such as search engine optimization and improved Facebook content to increase their digital presence and better reach foreign customers. A year later, positive and significant impacts are found on the number of customers, and a significant intensive margin increase in export sales. Qualitative interviews suggest this improvement came from a combination of sector-specific advice on market expansion, and through an encouragement effect which gave entrepreneurs the confidence to try new sales strategies
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (42 pages)
    Parallel Title: Erscheint auch als McKenzie, David Field and Natural Experiments in Migration
    Keywords: Difference-In-Differences ; Economic Growth ; Experimental Methods ; Instrumental Variables ; Migration Experiments ; Natural Experiment ; Regression Discontinuity ; Social Protection and Labor
    Abstract: Many research and policy questions surrounding migration are causal questions. What causes people to migrate? What are the consequences of migration for the migrants, their families, and their communities? Answering these questions requires dealing with the self-selection inherent in migration choices. Field and natural experiments offer methodological approaches that enable answering these causal questions. This paper discusses the key conceptual and logistical issues that face applied researchers when applying these methods to the study of migration, as well as providing guidance for practitioners and policymakers in assessing the credibility of causal claims. For randomized experiments, this includes providing a framework for thinking through what can be randomized; discussing key measurement and design issues that arise from issues such as migration being a rare event, and in measuring welfare changes when people change locations; as well as discussing ethical issues that can arise. The paper then outlines what makes for a good natural experiment in the context of migration, and discusses the implications of recent econometric work for the use of difference-indifferences, instrumental variables (and especially shift-share instruments), and regression discontinuity methods in migration research. A key lesson from this recent work is that it is not meaningful to talk about ?the? impact of migration, but rather impacts are likely to be heterogeneous, affecting both the validity and interpretation of causal estimates
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  • 6
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als McKenzie, David Fears and Tears: Should More People be Moving within and from Developing Countries, and what Stops this Movement?
    Keywords: Attachment To Home ; Benefits of Urbanization ; Communities and Human Settlements ; Constraints That Limit Movement ; Economics of Migration ; Health, Nutrition and Population ; Human Migrations and Resettlements ; Internal Relocation ; International Economics and Trade ; International Migration ; Mental Health ; Migration Policy ; Psychological Uncertainty of Relocation ; Wealth and Wellbeing
    Abstract: Only one in seven of the world's population has ever migrated, despite the enormous gains in income possible through international and internal movement. This paper examines the evidence for different explanations given in the economics literature for this lack of movement and their implications for policy. Incorrect information about the gains to migrating, liquidity constraints that prevent poor people paying the costs of moving, and high costs of movement arising from both physical transportation costs and policy barriers all inhibit movement and offer scope for policy efforts to inform, provide credit, and lower moving costs. However, the economics literature has paid less attention to the fears people have when faced with the uncertainty of moving to a new place, and to the reasons behind the tears they shed when moving. While these tears reveal the attachment people have to particular places, this attachment is not fixed, but itself changes with migration experiences. Psychological factors such as a bias toward the status quo and the inability to picture what one is giving up by not migrating can result in people not moving, even when they would benefit from movement and are not constrained by finances or policy barriers from doing so. This suggests new avenues for policy interventions that can help individuals better visualize the opportunity costs of not moving, alleviate their uncertainties, and help shift their default behavior from not migrating
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  • 7
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Print Version: Bah, Tijan L How has COVID-19 Affected the Intention to Migrate via the Backway to Europe and to a Neighboring African Country? Survey Evidence and a Salience Experiment in the Gambia
    Abstract: The COVID-19 pandemic has resulted in border closures in many countries and a sharp reduction in overall international mobility. However, this disruption of legal pathways to migration has raised concerns that potential migrants may turn to irregular migration routes as a substitute. This paper examines how the pandemic has changed intentions to migrate from The Gambia, the country with the highest pre-pandemic per-capita irregular migration rates in Africa. A large-scale panel survey conducted in 2019 and 2020 is used to compare changes in intentions to migrate to Europe and to neighboring Senegal. The data show that the pandemic has reduced the intention to migrate to both destinations, with approximately one-third of young males expressing less intention to migrate. The largest reductions in migration intentions are for individuals who were unsure of their intent pre-pandemic, and for poorer individuals who are no longer able to afford the costs of migrating at a time when these costs have increased and their remittance income has fallen. This paper also introduces the methodology of priming experiments to the study of migration intentions, by randomly varying the salience of the COVID-19 pandemic before eliciting intentions to migrate. There is no impact of this added salience, which appears to be because knowledge of the virus, while imperfect, was already enough to inform migration decisions. Nevertheless, despite these decreases in intentions, the overall desire to migrate the backway to Europe remains high, highlighting the need for legal migration pathways to support migrants and divert them from the risks of backway migration
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (49 pages)
    Parallel Title: Erscheint auch als Print Version: Batista, Catia Testing Classic Theories of Migration in the Lab
    Keywords: Destination Choice ; Employment and Unemployment ; International Economics and Trade ; International Migration ; Lab Experiment ; Migrant Selection ; Poverty Reduction ; Social Protections and Labor ; Wages, Compensation and Benefits
    Abstract: The predictions of different classic migration theories are tested by using incentivized laboratory experiments to investigate how potential migrants decide between working in different destinations. First, the authors test theories of income maximization, migrant skill-selection, and multi-destination choice as they vary migration costs, liquidity constraints, risk, social benefits, and incomplete information. The standard income maximization model of migration with selection on observed and unobserved skills leads to a much higher migration rate and more negative skill-selection than is obtained when migration decisions take place under more realistic assumptions. Second, these lab experiments are used to investigate whether the independence of irrelevant alternatives assumption holds. The results show that it holds for most people when decisions just involve wages, costs, and liquidity constraints. However, once the risk of unemployment and incomplete information is added, independence of irrelevant alternatives no longer holds for about 20 percent of the sample
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  • 9
    Language: English
    Pages: 1 Online-Ressource (31 pages)
    Parallel Title: Erscheint auch als Print Version: Anderson, Stephen J What Prevents More Small Firms from Using Professional Business Services? An Information and Quality-Rating Experiment in Nigeria
    Abstract: Why do more small firms in developing countries not use the market for professional business services like accounting, marketing, and human resource specialists? Two key reasons may be that firms lack information about the availability of these services, and that they struggle to distinguish the quality of good versus bad providers. A brand recognition exercise finds that most small firms are unaware of most providers in this market, and a survey of service providers reveals that they largely rely on word-of-mouth and informal reputation mechanisms for acquiring customers. This study set up a business services marketplace that contains information about the different providers present in the market and used mystery shopper visits to develop a quality ratings system. A randomized experiment with more than 1,000 firms provided access to this marketplace to the treatment group and randomized whether firms received just information or also quality ratings. The provision of quality ratings information shifts small firms' preferences over which provider they would like to use, increasing the average quality rating of their preferred providers by 0.2 to 0.4 ratings points out of 5. However, neither the provision of information nor these quality ratings had any significant impact on the likelihood that small firms go on to hire a business service provider over the subsequent six months. The results suggest that alleviating information frictions alone is insufficient to increase usage of professional business services
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  • 10
    Language: English
    Pages: 1 Online-Ressource (40 pages)
    Parallel Title: Erscheint auch als Print Version: McKenzie, David Aspirations and Financial Decisions: Experimental Evidence from the Philippines
    Abstract: A randomized experiment among poor entrepreneurs tested the impact of exogenously inducing higher financial aspirations. In theory, raising aspirations could have positive effects by inducing higher effort, but could also reduce effort if unmet aspirations lead to frustration. Treatment resulted in more ambitious savings goals, but nearly all individuals fell far short of reaching these goals. Two years later, treated individuals had not saved more, and actually had lower borrowing and business investments. Treatment also reduced belief in the amount of control over one's life. Setting aspirations too high can lead to frustration, leading individuals to reduce their economic investments
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  • 11
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, spoke about the following: i) understand China's journey and get the historical record right; ii) understand China's past reforms, because they are important for future reforms; iii) understanding China's reforms is increasingly important for the rest of the world; iv) china's reform and opening up program, which was the foundation for the rapid growth that allowed people to lift themselves out of poverty; v) a focused and sustained effort targeted at poverty reduction throughout the reform period
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  • 12
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed a few items that are on the agenda for at these meetings. He launched the latest edition of our Global Findex financial inclusion database, which tracks how people use financial services. The World Bank Group is dedicated to ending poverty wherever it exists in client countries. He mentioned two specific initiatives to support that effort: first, a significant of new financial innovation; and second, to review all possible options to enhance IBRD and IFC's financial capacity and develop a package of measures for governors' consideration. He believes a good case for how a stronger World Bank Group can meet the aspirations of shareholders, respond to global challenges, mobilize capital at scale, and make the institution even more efficient and effective
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  • 13
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed reducing poverty by using a three-pillar strategy. First, drive inclusive, sustainable economic growth by crowding in private sector investment, help countries manage debt levels, and harness the power of technology like FinTech. Second, build resilience to shocks and threats by taking urgent action on climate change, and help countries share the risks of disasters with the capital markets. Third, help countries invest more, and more effectively in their people to prepare for what is certain to be a more digitally-demanding future. He spoke in length about Human Capital Index
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, said that this is a fundamental moral issue. The fact that tens of millions of people are at risk of starving to death is a tragedy. And in the 21st century, the fact that we haven't ended famine is a collective failure of shameful proportions. It's also a critical economic issue. From a human capital standpoint, famines raise child mortality, increase stunting, and impair cognitive development for children in utero at the time of the famine and of the children who survive. First, early warning must translate into early action. Investing in more proactive responses to avert humanitarian crises could save millions of lives, and it can also reduce the costs to the international community by as much as 30 percent. Second, we need sustained collective action, before, during, and after crises. Third, we need to work to develop more comprehensive approaches to famine prevention, preparedness, and early action
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  • 15
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, spoke about how before 1800 everybody was poor and lived in poverty. He referred to the young people now who may not own a smart phone, but who have access to smart phones. By 2025, as many analysts are saying, the entire world will have access to broadband. He examined three ways to end extreme poverty, that is, people living under 1.90 US dollars a day, by 2030. First, focus on inclusive, sustainable economic growth. Second, focus on fostering resilience to pandemics, climate change, refugees, fragility, conflict, and violence. Third, invest more and more effectively in people
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  • 16
    Language: English
    Pages: 1 Online-Ressource (55 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David Growing Markets through Business Training for Female Entrepreneurs: A Market-Level Randomized Experiment in Kenya
    Abstract: A common concern with efforts to directly help some small businesses to grow is that their growth comes at the expense of their unassisted competitors. This study tests this possibility using a two-stage randomized experiment in Kenya. The experiment randomizes business training at the market level, and then within markets to selected businesses. Three years after training, the treated businesses are selling more, earn higher profits, and their owners have higher well-being. There is no evidence of negative spillovers on the competing businesses, and the markets as a whole appear to have grown in terms of number of customers and sales volumes. This market growth appears to come from enhanced customer service and new product introduction, generating more customers and more sales from existing customers. As a result, business growth in underdeveloped markets is possible without taking sales away from nontreated businesses
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, spoke about the forces in the world that are making us fundamentally rethink the approach to development at the World Bank Group. He described three paths. The first path is to accelerate inclusive and sustainable economic growth, by laying the foundations for more effective public services, by improving governance and tackling corruption, by accelerating infrastructure investment, by lowering real and perceived risks for private investment, by making trade work for everyone, and by creating markets to bring the benefits of private sector rigor and innovation to developing countries. The second path is to invest more, and more effectively in people; the premium on human capital will get higher and higher every year. The demands for digital competency are accelerating. Investing in human development must start early - by ensuring that pregnant women have access to prenatal healthcare, including the right nutrition; by preventing malnutrition in children, so they can develop properly; by ensuring access to quality health care for all; by providing education that prepares students for the jobs of the future; and by building social safety nets that meaningfully protect the poor. The third path is to foster resilience to global shocks and threats. We're living in a time of multiple overlapping crises: pandemics, climate change, refugees, famine. It is critically important to help countries prepare for these crises
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  • 18
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group (WBG), spoke about how famine can affect children, their health, and their ability to learn and to earn a living, which can hinder development progress for a generation. He reported on the Famine Response Package. He noted important lessons learned through these interventions. First, expanding new partnerships is important to deliver in challenging environments. Second, flexibility is key to adapting to emerging needs. Third, with protracted and recurrent crises as the new normal, more has to be done to ensure that the information, systems, and processes to help countries cope are in place, and to find new solutions through innovative partnerships including the private sector
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  • 19
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, answered media questions at the 2017 Spring Meetings Press Conference 2017. He discuss the global economy. He mentioned that the bank faces several overlapping crises, both natural and man-made, all of which add urgency to the mission. He estimated that two-thirds of all jobs that currently exist in developing countries will be wiped out by automation. He seeks new and innovative ways to reach the poor, and make the world more secure and stable. He starts to address a problem by by asking whether the private sector can finance a project
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  • 20
    Language: English
    Pages: 1 Online-Ressource (32 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David How Effective Are Active Labor Market Policies in Developing Countries? A Critical Review of Recent Evidence
    Abstract: Jobs are the number one policy concern of policy makers in many countries. The global financial crisis, rising demographic pressures, high unemployment rates, and concerns over automation all make it seem imperative that policy makers employ increasingly more active labor market policies. This paper critically examines recent evaluations of labor market policies that have provided vocational training, wage subsidies, job search assistance, and assistance moving to argue that many active labor market policies are much less effective than policymakers typically assume. Many of these evaluations find no significant impacts on either employment or earnings. One reason is that urban labor markets appear to work reasonably well in many cases, with fewer market failures than is often thought. As a result, there is less of a role for many traditional active labor market policies than is common practice. The review then discusses examples of job creation policies that do seem to offer promise, and concludes with lessons for impact evaluation and policy is this area
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 21
    Language: English
    Pages: 1 Online-Ressource (38 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Ibarra, Gabriel Lara Learning the Impact of Financial Education When Take-Up Is Low
    Abstract: Financial education programs are increasingly offered by governments, nonprofits, and financial institutions. However, voluntary participation rates in such programs are often very low, posing a severe challenge for randomized experiments attempting to measure their impact. This study uses a large experiment on more than 100,000 credit card clients in Mexico. The study shows how the richness of financial data allows combining nonexperimental methods with the experiment to yield credible measures of impact, even with take-up rates below 1 percent. The findings show that a financial education workshop and personalized coaching result in a higher likelihood of paying credit cards on time, and of making more than the minimum payment, but do not reduce spending, resulting in higher profitability for the bank
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 22
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: At this high-level roundtable, Jim Yong Kim, President of the World Bank Group, suggested three actions at the outset. First, in the wake of disasters like Irma and Maria we should channel resources quickly, flexibly, efficiently, and ensure that they reach those most adversely affected. Second, we need to make sure that we use all existing instruments and knowledge to help build resilience. Third, we need to think creatively and come up with innovative solutions to compounded challenges of the Caribbean: high vulnerability, low growth, and high debt. This could include designing debt for resilience initiatives, mobilizing innovative risk financing tools to better manage fiscal risks related to disorders, and mobilizing private sector participation in working out solutions
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  • 23
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, explained that the MENA Concessional Financing Facility, an innovative approach to addressing the Syrian refugee crisis, has been re-envisioned as a Global Facility to address displacement crises in any middle-income country in the world. He spoke about the importance of education, as the key for economic growth, competitiveness, and social cohesion. It is also the foundation for innovation and development, and opens the way for lifelong opportunities, which are essential for long-term peace and stability. In our rapidly changing world, the nexus of business, government, and education will be critical to build thriving societies. Countries can channel policy, markets, and learning into growth and prosperity for their people
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, emphasized that the Group sees advancement of women as critical to achieving the ending of extreme poverty and boosting shared prosperity. He discussed the need to overcome constraints faced by women. He discussed a variety of World Bank Group projects helping women entrepreneurs as well as raising women's labor force participation and productivity
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  • 25
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed the following topics: 1) actions needed to grow the economies and compete in what will be a more complex, demanding, and digitized future; 2) three ways to end extreme poverty by 2030, and boost shared prosperity among the poorest 40 percent around the world: a) accelerating inclusive, sustainable economic growth, b) building resilience to shocks and threats, and c) investing more and more effectively in people
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  • 26
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, is inspired by Belt and Road Initiative, which will improve trade, infrastructure, investment, and people-to-people connectivity - not just across borders, but on a trans-continental scale. It has the potential to lower trade costs, increase competitiveness, improve infrastructure, and provide greater connectivity for Asia and its neighboring regions. To ensure the Belt and Road Initiative's success, we need to remember these things: First, because of the Initiative's sheer size, the estimated investment needs will be large. Second, individual countries are at different stages of development, with varying capabilities, constraints, and risk profiles. They will need support mechanisms to define and meet consistent, satisfactory standards. Third, the benefits of the Belt and Road Initiative are broader than one project or one country. Projects will require innovative financing mechanisms - a mix of public and concessional finance and commercial capital. Finally, our decades of experience with large infrastructure projects suggest that project preparation and appropriate risk allocation will be critical for success
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  • 27
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed building new foundations of human solidarity, at a time when those foundations are questioned and even under attack. Peace and stability are critical to our efforts to grow economies and help people lift themselves out of poverty. He reviewed the work of the World Bank Group, especially over the past three decades, and outlined the pillars of the current strategy: accelerating inclusive, sustainable economic growth, building resilience to overlapping shocks and crises, and investing more and more effectively in people
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  • 28
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group (WBG), spoke about how the global economy as a whole is in a period of strengthening growth, and this momentum in growth is driven by global manufacturing activity and trade, broadly stable financing conditions, and stabilized commodity prices. Escalating trade protectionism in major economies threatens to derail the rebound in global trade. He explained the severe consequences, especially for emerging markets and developing economies (EMDEs) that rely on trade for growth and development. He insisted on the need to maximize financing for development by leveraging the private sector and optimizing the use of scarce public resources. He spoke about the development of the joint principles for crowding in private sector finance. Crowding in private finance should free up public funds to invest more in people. He concluded by saying that WBG can make the global market system work for everyone through sustainable development, including inclusive economic growth, investing in people, and building resilience to shocks and threats
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  • 29
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group (WBG), offered several strategic considerations for China. First, for the foreseeable future, removing distortions and accelerating diffusion will remain major sources of growth. Getting the basics right - structural reforms in key markets, further improving the broader business environment, ensuring fair competition, and investing in broad-based skills of the labor force - should help drive growth. Second, China should consider how to balance industrial policies with the notion of the third plenum, that the market should play a decisive role in resource allocation. Third, like other countries, China needs to prepare for how technological change will impact the labor force. He concluded by saying that China's leadership has been critical to promoting an open, competitive global economy
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  • 30
    Language: English
    Pages: 1 Online-Ressource (60 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Benhassine, Najy Can Enhancing the Benefits of Formalization Induce Informal Firms to Become Formal? Experimental Evidence from Benin
    Abstract: Governments around the world have introduced reforms to attempt to make it easier for informal firms to formalize. However, most informal firms have not gone on to become formal, especially when tax registration is involved. A randomized experiment based around the introduction of the entreprenant legal status in Benin is used to provide evidence from an African context on the willingness of informal firms to register after introducing a simple, free registration process, and to test the effectiveness of supplementary efforts to enhance the presumed benefits of formalization by facilitating its links to government training programs, support to open bank accounts, and tax mediation services. Few firms register when just given information about the new regime, but 9.6 percentage points more register when they were visited in person and the benefits were explained. The full package of supplementary efforts boosts the impact on the formalization rate to 16.3 percentage points, demonstrating that enhancing the benefits of formalization does induce more firms to formalize. Firms that are larger, and that look more like formal firms to begin with, are more likely to formalize, providing guidance for better targeting of such policies. However, formalization appears to offer limited benefits to the firms, and the costs of personalized assistance are high, suggesting that such enhanced formalization efforts are unlikely to pass cost-benefit tests
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 31
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses strategies to address inequality that even the poorest nations can adopt, whether through conditional cash transfers, connecting farmers to markets or rural electrification. The lesson is that inequality is not an unsolvable mystery. Pro-equality policies are not luxury goods and can work in any country. Economic growth must be more robust and more inclusive and human capital investments have to grow in size and effectiveness
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  • 32
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank, argues that investing in universal health coverage (UHC) is an investment in the future. He mentioned three: First, UHC confronts poverty head on by protecting people from major disease outbreaks and from catastrophic health expenses; Second, UHC accelerates inclusive growth; and Third, UHC stimulates the health sector and creates jobs. The Bank is working with partners to identify the best ways to scale up interventions to improve nutrition and early child development, and to eliminate childhood stunting. He welcomes the government of Japan's decision to support the annual production of the World Bank and World Health Organization global monitoring report on universal health coverage, with a strong focus on Africa
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  • 33
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, addressed the topic of trade as an engine of growth. Advanced markets are experiencing low growth and in emerging markets, growth rates have fallen by almost 1 percentage point since 2013. This is not just about numbers, these economic developments are limiting opportunities for billions of people around the world, and making it harder to achieve the goal of ending extreme poverty by 2030. One of the drivers of this low growth pattern is the decrease in trade growth. Global trade has slowed from an average yearly growth of 7 percent before the financial crisis to less than 3 percent today. Projections for 2016 indicate an even further slowdown. All this comes at a time when we need more cooperation, greater economic integration and stronger partnerships than ever before for the world economy to continue to grow in a sustainable way. We must respond with a push for lower trade costs, support for multilateral trade negotiations, resist protectionism, and support trade policy reform and greater global trade integration
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  • 34
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed the need to tackle climate change. What we need to do now is build unprecedented political action to fulfill the promises. He mentioned that climate volatility in places like the Sahel in Africa contribute to instability and fragility. He noted how renewable energy is replacing coal. He outlined the main principles of a plan to transform the world's transport systems-calling it "sustainable mobility for all." He harkened the need for "fierce urgency of now"
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  • 35
    Language: English
    Pages: 1 Online-Ressource (24 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David Can Business Owners Form Accurate Counterfactuals? : Eliciting Treatment and Control Beliefs about Their Outcomes in the Alternative Treatment Status
    Abstract: A survey of participants in a large-scale business plan competition experiment, in which winners received an average of US
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 36
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, spoke about how corruption poses an enormous obstacle to economic and social development, and the global goal of ending extreme poverty by 2030. He defined corruption as stealing from the poor. The Bank that has zero tolerance for corruption, has opened itself to scrutiny, and is influencing governments and the private sector to take wide-ranging steps to prevent corruption. He gave few inputs on a new agenda that draws on citizens' demands for transparency and accountability, an agenda that draws on all partners and available tools as follows: First, we must continue to push for more information and greater transparency involving public funds; Second, we must use innovation and technology to drive change around the world. Third, we must do more to get citizens and the private sector involved; And finally, successful anti-corruption efforts must feature a broad coalition of leaders both inside and outside of government, working together. He saluted and strongly supported Prime Minister Cameron's call for a coordinated global effort to fight corruption
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  • 37
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank, spoke about economic challenges requiring a new approach. Growth forecasts are modest and risks are increasing. The reform agenda includes fiscal and monetary policies to support demand, more investment in infrastructure, further integration in the world economy, structural reforms in labor markets, the financial sector, and the business climate to better allocate resource, and investment in innovation systems to accelerate technical change. One key drivers of discontent is rising inequality. The productivity slowdown and rising inequality are related. The challenge is to create wealth with reasonably equal distribution to sustain the momentum for reform. This will require active labor market policies and retraining. We will need infrastructure that connects people. We need to invest more in people. Concessional finance can provide the leverage for these reforms. We need to commit to creating a world in which truly there is equality of opportunity
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  • 38
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim , World Bank Group President, spoke about how United Nations and the World Bank Group have made significant progress in working together to help the poor and the vulnerable. He discussed increasing the impact of humanitarian action in the face of new threats, such as climate change, pandemics and an unprecedented refugee crisis. He suggested three ways in which the World Bank Group and all the multilateral development banks can work together, especially in protracted humanitarian responses: First, produce new data and evidence to promote a risk-based approach, prevent crises and respond to the needs of refugees and host countries; Second, embrace the power of leveraging public funds for greater impact; Third, explore tying this funding to specific outcomes in addressing protracted humanitarian crises
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  • 39
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank, discussed the partnership to promote development, investment, and multilateral cooperation in Africa. There are ample opportunities to accelerate growth, productivity, and Africa's economic transformation. He pointed to four key things: first, close the large gap in infrastructure -- in roads, energy, water, sanitation, broadband, and transport; second, make agriculture more productive; third, improve the fundamentals needed to accelerate industrialization; and fourth, invest in people - in health and education - which is increasingly vital in the digital age. He believe the partnership will continue, and this relationship will help millions of people lift themselves out of poverty and realize opportunities for a better life
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  • 40
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank, noted that African countries face key policy challenges including adjusting to a new era of low commodity prices, increasing economic vulnerabilities and the challenge of finding new sources of growth. He feels better at leveraging funds from development partners, stopping illicit financial flows and helping countries mobilize more money domestically. African countries can dramatically increase the flow of private capital to fund infrastructure projects. The World Bank Group is working with African countries and development partners to implement the African Climate business plan which is a comprehensive program and investments totaling USD 19.3 billion between 2016 and 2020. Ending stunting everywhere but especially here in Africa is an urgent mission. Universal health care is a critical element to achieve that. Kim called for massive investment, public and private, in infrastructure and universal health coverage for all of Africa
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  • 41
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, stated that the World Bank Group is approaching the issue in four new ways. First, the Bank is responding to the realization that we need much better data and analysis about refugees, migrants, and internally displaced people. Second, with partners, the Bank is developing warning systems to anticipate where people will be moving. Third, the Bank is working during crises to help host countries improve the business climate and use the private sector as a driver to stimulate economic growth. Finally, the Bank is looking for longer-term solutions in many countries, including Afghanistan, Kenya, and Somalia, on issues ranging from increasing agricultural productivity in areas hosting refugees to helping refugees return to their countries. He urged a strengthen engagement with the United Nations, other multilateral development banks, the private sector, and civil society to address the needs of so many millions of displaced people
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  • 42
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed briefly the history of the Paris climate agreement. Infrastructure investment expected over the next 15 years. Most of this will be in developing countries. Making sure these investments are low-carbon and climate-resilient will be important. He sees five big focus areas: 1) bake climate ambition into development planning; 2) ramp up energy efficient appliances while phasing down hydrofluorocarbons; 3) most urgently, slow down growth of coal-fired power plants; 4) make finance greener-assessing climate risks and opportunities; 5) accelerate action to reduce carbon emissions
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  • 43
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed early childhood development, which covers the physical, cognitive, linguistic, and socio-emotional development of children, starting before birth until they enter primary school
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  • 44
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, notes that Bangladesh offers us many lessons in ending extreme poverty, and one of the most important is that innovation plays a critical role. Bangladesh recognized decades ago that empowering women is essential to ending extreme poverty. Leaders arrived at the logical conclusion that countries can never reach their full economic potential if half the population is not fully participating. The World Bank Group is looking forward to working with Bangladesh to promote private sector investment by strengthening governance and improving the investment climate. Now, foreign direct investment is less than 1.7 percent of GDP in Bangladesh, far below that of most countries; foreign direct investment in Vietnam, for instance, was 6.1 percent of GDP. Strengthening governance will help lead to more jobs in infrastructure, diversify exports, and ensure the health and safety of workers. Bangladesh has shown the world that a long list of hardships can be overcome. In fact, its people have shown that innovation, commitment, setting goals, and visionary leadership can accomplish feats that few dared imagine. Bangladesh can continue to build on this record and can end extreme poverty by 2030 and boost shared prosperity
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  • 45
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, spoke about the complex and vexing challenges which the world faces today. He explained how the major issues that evolve in a developing country now swiftly move to affect developed countries. He discussed three points to tackle at the global level. First, address the challenge of global threats that cross boundaries and regions will become ever more central to achieving the mission to end extreme poverty. Second, focus much more effectively on managing risk and uncertainty. Third, much more must be done to address the deep pockets of poverty and rising inequality in countries at every income level
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  • 46
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed the following topics: new structure of global practices; Swachh Bharat Rural Sanitation Project in India, which applied knowledge of good service delivery; creation of pandemic emergency financing facility; recently announced global concessional financing facility, a new effort to address refugee crises by providing concessional development financing for middle-income countries; and working towards ending poverty and boost shared prosperity
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  • 47
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, remarked that for more than 60 years, the World Bank Group has been working with governments in developing counties to reduce poverty and promote human dignity. Good governance is the foundation for all development. Delivering quality public services and creating conditions that encourage businesses to create jobs are fundamental to building opportunity and prosperity for all. The global landscape suggests that reaching these objectives won't be easy. Economic growth, the most powerful poverty reduction force the world has ever known, is slowing globally. Many emerging markets are suffering sharp reductions in growth because of declining demand from China and lower commodity prices. Warmer temperatures potentially linked to climate change made 2015 the hottest year in history; and the most powerful El Nino on record is affecting the lives and livelihoods of billions across the globe. Many parts of the world are becoming more fragile, making quality leadership and good governance ever more important
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  • 48
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, noted that even in the face of substantial challenges, democracy is taking root in Iraq. He believes that Iraq's success can bring stability and prosperity to hundreds of millions of people. He discussed three critical steps that Iraq must continue to build the foundations of an inclusive society. First, look beyond the traditional social, cultural, and geographic boundaries in Iraq. Empower all its regions, and give more capacity to local government, all the way to the municipal level. Second, Iraq needs to diversify its economy. Third, Iraq needs to put its economic house in order, reducing waste of precious resources, strengthening accountability, and undertaking important, necessary reforms. In the energy sector, for example, reforms must address subsidies which contribute to chronic and pervasive shortages of electricity. He concluded by saying that through war, violence and strife, the Iraqi people have shown the world the meaning of resistance, resilience, courage, and nobility
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  • 49
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed the vision of a world free of poverty by 2030, resolving to boost the prosperity of the bottom 40 percent of the population in developing countries. Addressing the root causes of conflict and insecurity is a core priority of the World Bank Group. He raised six questions and challenges. First, fragility is no longer mostly limited to low-income states. Second, weak states have great difficulty delivering services to their citizens. Third, development and humanitarian groups have long worked separately. Fourth, refugees are no longer largely living in camps. Fifth, we now know that we will not have enough ODA - official development assistance - to pay for helping communities and refugees. Sixth, we don't know enough about the refugees themselves
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  • 50
    Language: English
    Pages: 1 Online-Ressource (60 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als de Mel, Suresh Labor Drops: Experimental Evidence on the Return to Additional Labor in Microenterprises
    Abstract: The majority of enterprises in many developing countries have no paid workers. This paper reports on a field experiment conducted in Sri Lanka that provided wage subsidies to randomly chosen microenterprises to test whether hiring additional labor would benefit such firms. In the presence of labor market frictions, a short-term subsidy could have a lasting impact on firm employment. Using 12 rounds of surveys to track dynamics four years after the end of the subsidy, the study finds that firms increased employment during the subsidy period, but there was no lasting impact on employment, profitability, or sales. Two supplementary interventions and treatment heterogeneity suggest the lack of impact is not due to complementarities with capital or management skills, and detailed survey data help rule out a number of theoretical mechanisms that could result in sub-optimally low employment. The study concludes that the urban labor market facing microenterprises does not have large frictions that would prevent own-account workers from becoming employers
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  • 51
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (42 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David Business Practices in Small Firms in Developing Countries
    Abstract: Management has a large effect on the productivity of large firms. But does management matter in micro and small firms, where the majority of the labor force in developing countries works? This study developed 26 questions that measure business practices in marketing, stock-keeping, record-keeping, and financial planning. These questions have been administered in surveys in Bangladesh, Chile, Ghana, Kenya, Mexico, Nigeria, and Sri Lanka. This paper shows that variation in business practices explains as much of the variation in outcomes-sales, profits, and labor productivity and total factor productivity-in microenterprises as in larger enterprises. Panel data from three countries indicate that better business practices predict higher survival rates and faster sales growth. The effect of business practices is robust to including many measures of the owner's human capital. The analysis finds that owners with higher human capital, children of entrepreneurs, and firms with employees employ better business practices. Competition has less robust effects
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  • 52
    Language: English
    Pages: 1 Online-Ressource (74 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David Identifying and Spurring High-Growth Entrepreneurship: Experimental Evidence from a Business Plan Competition
    Abstract: Almost all firms in developing countries have fewer than 10 workers, with the modal firm consisting of just the owner. Are there potential high-growth entrepreneurs with the ability to grow their firms beyond this size? And, if so, can public policy help alleviate the constraints that prevent these entrepreneurs from doing so? A large-scale national business plan competition in Nigeria is used to help provide evidence on these two questions. The competition was launched with much fanfare, and attracted almost 24,000 entrants. Random assignment was used to select some of the winners from a pool of semi-finalists, with US
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  • 53
    Language: English
    Pages: 1 Online-Ressource (39 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Benhassine, Najy Finding a Path to Formalization in Benin: Early Results after the Introduction of the Entreprenant Legal Status
    Abstract: In April 2014, the Government of Benin launched the entreprenant status, a simplified and free legal regime offered to small informal businesses to enter the formal economy. This paper presents the short-term results of a randomized impact evaluation testing three different versions of the entreprenant status on business registration decisions, each version including incremental incentives to registration: (i) information on the new legal status and its benefits, (ii) business training, counseling services, and support to open a bank account, (iii) tax mediation services. The study included 3,600 informal businesses operating with a fixed location in Cotonou, Benin, which were randomly allocated between three treatment groups and one control group. One year after the program launch, all versions of the program had significant impact on formalization rates. The impact was 9.1 percentage points in the first treatment group; 13 percentage points in the second group; and 15.8 percentage points in the last group. The program had a higher impact on male business owners, with more education, operating outside Dantokpa Market, in sectors other than trade, and that before being offered the incentives to formalization had characteristics similar to businesses that were already formal. Data from a second follow-up survey, which is expected to take place in March 2016, will explore the impacts on other outcomes, like business performances or access to banking
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  • 54
    Online Resource
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: These remarks delivered by Jim Yong Kim, President of the World Bank Group, discuss the Chinese economy, China's global role in development, and the latest report on health care reform. He appreciated China, that remains the largest contributor to world growth since the global financial crisis. He talks about the progress made by China in several reforms, including lower credit growth, better regulation of shadow banking, and better management of local government borrowing and these reforms hold the key to its continued economic success. He addresses huge infrastructure needs that are critical to end poverty, reducing inequality, and boosting shared prosperity in the world and China's committment to support financially for the same. He concludes by talking about more efficient health care system in China that will lead to a healthier population, boost economic growth and become an engine for job creation
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  • 55
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: This is the transcript of the remarks delivered by Jim Yong Kim, President of the World Bank Group. He discusses on the period of slow growth, the end of the commodity super-cycle, pending interest-rate hikes, and the continued flight of capital out of emerging markets in the world. He talks about governments that must overcome a growing demographic divide to make future progress. He talks about the climate change and the need to cut emissions and invest in greater resilience . He speaks about developing countries that are going to get serious about increasing tax revenues, and stopping illicit flows of money. He mentions about the increase of capacity to support countries all over the world in building successful Purchasing Power Parity (PPP). He concludes by talking about Mexico and its very rapid development in the northern states and the need to apply that model for the development of southern states
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  • 56
    Language: English
    Pages: 1 Online-Ressource (35 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Gibson, John The Long-Term Impacts of International Migration: Evidence from a Lottery
    Abstract: This study examines the long-term impacts of international migration by comparing immigrants who had successful ballot entries in a migration lottery program, and first moved almost a decade ago, with people who had unsuccessful entries into those same ballots. The long-term gain in income is found to be similar in magnitude to the gain in the first year, despite migrants upgrading their education and changing their locations and occupations. This results in large, sustained benefits to the migrants' immediate family, who have substantially higher consumption, durable asset ownership, savings, and dietary diversity. In contrast, the study finds no measureable impact on extended family
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  • 57
    Language: English
    Pages: 1 Online-Ressource (22 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David The Demand for, and Impact of, Youth Internships: Evidence from a Randomized Experiment in Yemen
    Abstract: This paper evaluates a youth internship program in the Republic of Yemen that provided firms with a 50 percent subsidy to hire recent graduates of universities and vocational schools. The first round of the program took place in 2014 and required both firms and youth to apply for the program. The paper examines the demand for such a program, and finds that in the context of an economy facing substantial political and economic uncertainty, it appears there is an oversupply of graduates in science, technology, engineering, and mathematics, and a relative undersupply of graduates in marketing and business. Conditional on the types of graduates firms were looking to hire as interns, applicants were then randomly chosen for the program. Receiving an internship resulted in an almost doubling of work experience in 2014, and a 73 percent increase in income during this period compared with the control group. A short-term follow-up survey conducted just as civil conflict was breaking out shows that internship recipients had better employment outcomes than the control group in the first five months after the program ended
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  • 58
    Language: English
    Pages: 1 Online-Ressource (23 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als McKenzie, David The Additionality Impact of a Matching Grant Program for Small Firms: Experimental Evidence from Yemen
    Abstract: Matching grants are one of the most common types of private sector development programs used in developing countries. But government subsidies to private firms can be controversial. A key question is that of additionality: do these programs get firms to undertake innovative activities that they would not otherwise do, or merely subsidize activities that would take place anyway? Randomized controlled trials can provide the counterfactual needed to answer this question, but efforts to experiment with matching grant programs have often failed. This paper uses a randomized controlled trial of a matching grant program for firms in the Republic of Yemen to demonstrate the feasibility of conducting experiments with well-designed programs, and to measure the additionality impact. In the first year, the matching grant is found to have led to more product innovation, firms upgrading their accounting systems, marketing more, making more capital investments, and being more likely to report their sales grew
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  • 59
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses the twin goals of ending extreme poverty by 2030 and boosting prosperity among the poorest 40 percent in low and middle-income countries. The strategy is summed up in three words: grow, invest, and insure. He talks about the need to be creative and use all of the resources to leverage much-needed private sector investment to build infrastructure and create jobs. He promises that the World Bank Group will continue to support governments and make investments in a broad variety of areas in the fight against extreme poverty in developing countries. He talks about empowering women through education for mothers to have healthier children, and, when they have financial resources, they're more likely to invest in the next generation. He talks about the most effective ways to encourage investment in the extreme poor and improve health and educational service delivery, is accountability. He concludes by saying that the governments must be more accountable to citizens, and work to reduce arbitrary treatment at the hands of security forces and the demand for bribes from poor people which will help to minimize the likelihood of violent conflict and eliminate a driver of poverty
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  • 60
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group, discuss Ethiopia's commitment to climate action, the role of industrialization in delivering development, and bringing these together for low-carbon, equitable growth. He speaks about the government's promotion of low-carbon growth, poverty reduction, and climate resilience to tackle the impact of climate changes. He talks about the crucial component of Ethiopia's drive for growth and transformation will be the development of a vibrant manufacturing and industrial base, which creates jobs for growing urban areas. The World Bank Group is working with the government to ensure that new industrial parks make use of recycled water and renewable resources, develop green areas, and reflect upgraded environmental standards and inspection systems
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  • 61
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group discuss the critical role of inclusive and sustainable industrialization in the future global development agenda, including to end extreme poverty by 2030. He speaks about working with UNIDO and the government of Ethiopia to ensure that new industrial parks make use of recycled water and renewable resources, develop green areas, and reflect upgraded environment standards and environmental inspection systems. The World Bank Group is looking for opportunities to work closely with UNIDO on industrial zones in Senegal
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  • 62
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses the dual challenge facing Guinea, Liberia, and Sierra Leone--that the Ebola epidemic stubbornly continues and that these countries must recover and build back better, stronger, and smarter. Ebola-affected countries need to dramatically increase access to essential, quality health care in even the most remote areas, and bolster the capacity of communities and community health workers to serve as the front line for disease prevention and response. He speaks about the need to strengthen the entire health system to achieve universal coverage and end preventable deaths. He talks about not letting up until we end this deadly epidemic once and for all and also must stand with the people of Guinea, Liberia, and Sierra Leone and make investments that produce a sustainable recovery. He concludes that as a global community, we must pledge to do whatever it takes to make sure such a preventable crisis never happens again
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  • 63
    Language: English
    Pages: 1 Online-Ressource (43 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Campos, Francisco Short-Term Impacts of Formalization Assistance and a Bank Information Session on Business Registration and Access to Finance in Malawi
    Abstract: Despite regulatory efforts designed to make it easier for firms to formalize, informality remains extremely high among firms in Sub-Saharan Africa. In most of the region, business registration in a national registry is separate from tax registration. This paper provides initial results from an experiment in Malawi that randomly allocated firms into a control group and three treatment groups: a) a group offered assistance for costless business registration; b) a group offered assistance with costless business registration and (separate) tax registration; and c) a group offered assistance for costless business registration along with an information session at a bank that ended with the offer of business bank accounts. The study finds that all three treatments had extremely large impacts on business registration, with 75 percent of those offered assistance receiving a business registration certificate. The findings offer a cost-effective way of getting firms to formalize in this dimension. However, in common with other studies, information and assistance has a limited impact on tax registration. The paper measures the short-term impacts of formalization on financial access and usage. Business registration alone has no impact for either men or women on bank account usage, savings, or credit. However, the combination of formalization assistance and the bank information session results in significant impacts on having a business bank account, financial practices, savings, and use of complementary financial products
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  • 64
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses the two goals that shape the mission of the World Bank Group: ending extreme poverty by 2030 and boosting shared prosperity. He speaks the need to accelerate a kind of economic growth that's more inclusive, socially sustainable, and protects the environment. He talks about climate change. The frequency, intensity, and duration of extreme climatic events will increase. Droughts, earthquakes, and typhoons will only become worse in the future. He appreciates Japan's focus on doing things before a disaster strikes, as it saves lives and money. He talks about working to refocus developing countries on prevention and preparedness when it comes to disaster risk management. He commends Japan that has been supportive of the World Bank Group's efforts to make innovative financing mechanisms available to governments of developing countries. He appreciates Japan's contribution towards Ebola crisis. He concludes by saying that the Japan's accumulated wisdom has shown the world that taking the proper precautions can save thousands of lives as well as billions of dollars in lost economic growth
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  • 65
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses promoting strong economic growth in developing countries. He speaks about the need to invest in people, especially in education, health and to build social safety nets and protections against both natural disasters and pandemics to ensure that people don't remain trapped in extreme poverty. He talks about the challenges in trying to work in all kinds of complex political situations, so that whatever happens to be going on in the political sphere, we can continue to work to lift people out of poverty and boost shared prosperity. He talks about multilateralism that is always complicated and is always fraught with disagreements. He promises to continue to try to engage with governments to have that impact. He mentioned reports released about the Bank's resettlement history. The transcript includes the Q&A session
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  • 66
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group, discuss equity and learning in education that should be integral to our final push to end extreme poverty by 2030. He speaks about education that also raises productivity in the informal sector and is associated with better health and resilience. He talks about educated women and girls who can be particularly effective agents of socio-economic change. He also talks about the need for development financing and technical expertise to effect radical change in the quality of labor. He highlights about technology that can be used to leapfrog current practices, plugging isolated teachers and students into connected classrooms of the twenty first century. He concludes by saying that education is a public good and a fundamental right is essential to end extreme poverty and boost shared prosperity
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  • 67
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group. The Third International Conference on Financing for Development represents an important milestone in efforts to achieve universal and sustainable development as we move beyond 2015 and introduce a new set of Sustainable Development Goals. This event aims to mobilize high-level political support for financing gender equality and women's empowerment, drawing on global good practices. He discusses the array of financing sources-private, public, domestic, and international-and policy changes needed to realize the vision of transformative gender equality and women's empowerment
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  • 68
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group, review the commitment to the U.N. Decade for Sustainable Energy for All. The initiative is a multi-stakeholder partnership working with governments, businesses, civil society, banks and international institutions to meet three interlinked goals by 2030: (i) ensuring energy access to more than 1 billion people living without electricity; (ii) doubling the share of renewable energy in the global energy mix; and (iii) doubling the rate of improvement in energy efficiency worldwide. These three goals are interlinked and vital for achieving the twin goals of ending extreme poverty by 2030 and boosting shared prosperity. He concludes saying that, we must now prove that we can make energy available to the hundreds of millions who need it and work together to end energy poverty in our lifetime
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  • 69
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group, focus on moving from ideas to action for mobilizing trillions of dollars needed for development. He notes that with the end of the Millennium Development Goals and the introduction of the Sustainable Development Goals comes an opportunity to make important changes in how we approach development. He suggests exploring ways to use our shareholder capital, innovative financing solutions, knowledge, and convening power to catalyze and crowd-in trillions of public and private sector dollars. The flexibility of the MDB model, which allows us to leverage these investments through the development of innovative solutions to global challenges. To go from billions in official assistance to trillions in investments, we will have to push even further our willingness to collaborate through creative partnerships
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  • 70
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: The Global Financing Facility (GFF) in support of Every Woman Every Child, was launched at the Third International Conference on Financing for Development in July 2015. The facility helps close the funding gap for reproductive, maternal, newborn, child, and adolescent health, to provide smart, scaled and sustainable financing to accelerate efforts to end preventable maternal, newborn, child and adolescent deaths by 2030. Jim Yong Kim, President of the World Bank Group, strongly believes that healthy women and children enable healthy economies, political stability and forward momentum. They are our smartest investment, when we invest wisely
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  • 71
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses the opportunities and challenges facing the economic development of Indonesia and East Asia, and how the World Bank Group can help end extreme poverty and foster share prosperity more widely in the region. He remarked that the progress most admired about Indonesia is its accomplishment in reducing extreme poverty. The Group has aligned its work with two goals -- to end extreme poverty by 2030 and to boost shared prosperity for the bottom 40 percent of the population in low- and middle-income countries. The Program Nasional Pemberdayaan Mandiri, or PNPM, has helped distribute the gains from this growth more equitably across the population. He concludes saying that, we can make sure your successes help build a more just and equal world
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  • 72
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group, at Goethe University, Frankfurt, Germany, discuss applying the world's best ideas, knowledge, and experience in development to accomplish the World Bank Group's twin goals of ending extreme poverty by 2030, and boosting shared prosperity. He speaks about helping the poor and vulnerable in low- and middle-income countries in the world not only for poverty reduction within their borders, but is important for growth around the world, especially going forward. He talks about the strategy to invest in people, especially through education and health. He stresses investments in girls and women as particularly important because they have a multiplier effect on the well-being of the extreme poor. He speaks about protecting people from deadly pandemics especially in developing countries. He insists the students that they must apply what they have learned, and must do, for the sake of the poorest, for the children, and for the sake of our humanity
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  • 73
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Remarks delivered by Jim Yong Kim, President of the World Bank Group, discuss building on Ethiopia's legacy by presenting the world with a shared vision for substantially increasing funding for the world's poor. He talks about the need to be bold, creative, form strong partnerships, and find new resources to meet our goals of reducing poverty in the world. He talks about how the funding we leverage means more children will be educated, more patients will be treated, and more vital services will be provided. He concludes that we are part of a growing global movement that is the first generation in humankind that can end extreme poverty
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  • 74
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group discusses conflicts that have caused a devastating amount of violence and destruction, severely affecting the livelihoods of millions of people, and creating destabilizing effects at the global level. He talks about the World Bank Group's new strategy to support recovery and reconstruction efforts in the Middle East and North Africa. He speaks about blending grant resources from donors with lending from multilateral development banks in order to provide concessional-level financing to middle-income countries that are hosting refugees. In conclusion he said that we must work together to mobilize support for the millions of children, women, and men who are victims and hostages of war, and to demonstrate our common commitment to help them survive these conflicts, and create a better life once the guns fall silent
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  • 75
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: This is the transcript of the remarks delivered by Jim Yong Kim, President of the World Bank Group at a press conference in Accra, Ghana. He discusses on the two goals, to end extreme poverty by 2030 and to boost shared prosperity to the bottom 40 percent in developing countries. He talks about improving the productivity of agriculture and making sure that every industry, every person in Africa has access to energy to end extreme poverty. He talks about the importance of investing in the health and education of people for future economic growth in developing countries. He commended Ghana on its structural transformation, shift out of a solely agricultural-focused economy and in one in which non-agricultural self-employment and, to a lesser degree, wage jobs have also become part of the economy. He concludes by talking about taking action on improved and fair, more just, more efficient tax systems and stopping illicit financial flows, in order to benefit the development of the country
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  • 76
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank, discusses the goals of the World Bank Group, aligned to support the poor and the vulnerable, and to preserve our planet for future generations. He talks about the report "Poverty in a Rising Africa" that traces two decades of unprecedented economic growth on the continent with messages that are both encouraging and sobering. He speaks about how economic growth coupled with specific health and education interventions have contributed to improving people's lives, and contributed in many countries, such as Ghana, to major reductions in poverty. He talks about the structural transformation, a shift out of agriculture that led to an increase in non-agricultural self-employment and, to a lesser degree, wage jobs in Ghana. He speaks about how improving the agricultural sector will be critical to further reduce extreme poverty in the country. He commends Ghana that has invested in its people, specifically in education in most parts of the country. He appreciated the country's urban areas that have grown quickly, creating more and higher-paying jobs
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  • 77
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank, discusses seeking transformative solutions to challenges of development and poverty that are necessarily cross disciplinary and what a great university should be doing. He talks about the investments that developing countries can make in the health and education of their people which will help reduce extreme poverty in the countries. He speaks about the importance of early childhood development. He talks about stronger health systems in developing countries that can extend the reach of doctors and nurses, and serve as disease outbreak alert and response networks critical to containing infections. He concludes by saying that the pregnant woman who lives in a conflict zone should be focused and we must do whatever it takes to support her so that her newborn child will have a world of opportunity, equal to that of any child in the world
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  • 78
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discussed the following topics. The Bank is helping many manage the humanitarian and development challenge. The Bank supports the global knowledge partnership on migration and development (KNOMAD), which helps countries develop evidence-based policy options and capacity to reap the benefits of migration. The future research agenda aims to build a database that identifies legal and policy restrictions that prevent countries from realizing migration's possibilities and to develop approaches to education and social policy that facilitate migrants' integration
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  • 79
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, remarked that the Isay-Shima summit next May is our opportunity to finally act on the unfulfilled promise of Alma Ata, and move rapidly toward universal health coverage, and to prepare ourselves before the next pandemic hits. Accomplishing these twin goals will represent a quantum leap forward in people's health and economic wellbeing
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  • 80
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    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group discusses measured hope and optimism, to share a vision for a path forward, to a just and sustainable future in the Middle East and North Africa. He talks about a way forward to help not only Syria rebuild, but also to help Lebanon, Jordan, Turkey, and Iraq recover from the massive spillover effects of the war is to be supported by the principles of co-existence, tolerance, compromise, transparency, good governance, and inclusive economic growth. He talks about the need for improvement in quality of education. He talks about development that requiring a commitment to transparency on the part of governments, and well-informed citizens to hold governments accountable. He speaks about helping women overcome the multiple legal and cultural constraints that have kept their labor force participation in the region at 29 percent, the lowest in the world. He talks about the young people here and throughout the Arab world deserve a chance to grow up in a region that is focused on creating jobs, not on conflict-a region focused on inclusive growth, not on growth for just the elite. The region needs to invest in its people with strong education and health systems
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  • 81
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    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, said he was honored to share the Prince Mahidol award with a distinguished group of individuals who have spent many years fighting to end the HIV-AIDS epidemic. He said that Thailand was the first developing country to mount a successful HIV prevention response. Thailand's successes in AIDS prevention and treatment were not inevitable, neither was its quest for universal health coverage. He have learned that investing in people is not just the right moral choice, ambitious reforms require skillful balancing of competing demands and a handful of committed people with vision have the power to change the world. He concludes that lessons are universal and timeless that we can achieve great things, if we learn from history, and contribute to a lasting evidence-based wisdom
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  • 82
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    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, shares the good news that the governors of the World Bank Group have set ambitious goals to end extreme poverty by 2030 and to boost shared prosperity for the bottom 40 percent of the population in developing countries. He noted that increased economic activity among women has translated into a reduction in poverty by about 30 percent and has helped insulate their households from the recent financial shocks. We need to address our blind spots. We need to draw more attention to the major constraints for women and girls that are right in front of us. Discrimination and prejudice destroy economic opportunity. He reminds us that Malala Yousafzai started a social movement around education for girls first in Pakistan, and then around the world. If we can even begin to move together with that kind of resolve, the world will be more peaceful, more prosperous, more just and worthy of the mothers who gave birth to us
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  • 83
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    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, focuses on economic policy as the key to mobilizing a coordinated global response to climate change. He talks about the need to confront climate change, without which there will be no hope of ending poverty or boosting shared prosperity. He adds that the longer the delay in tackling climate change, the higher the cost will be to do the right thing for our planet and our children. He affirms that from the Paris meeting we will make the rallying cry for effective management of local, national and global economies to fight climate change. The Paris agreement needs to speak as loudly of economic transformation as it does of pollution or carbon emissions targets. Carbon pricing that can raise revenues and can be used to generate more economic and social benefits. Specific efforts are needed to scale up renewable energy and develop carbon capture and sequestration technology, at a pace that will allow us to reach carbon neutrality by the end of the century. He concludes by saying that he will drive the World Bank Group and all its capabilities--financial, technical, and human--to support this development transition toward the goal of preserving our planet for all future generations
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  • 84
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    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses the problem of global inequality. He speaks about the commitment for building the platform which would bring the expertise of not only the World Bank, but the International Monetary Fund (IMF) and other multilateral development banks, to prepare projects and bridge the gap in what is a market failure. He speaks about the companies that were represented, sovereign wealth funds, the countries that had signed on, including China, which has made very strong commitments to finding a price on carbon for the world. He highlights about the need for some source of funding that will disperse immediately on the occasion of the next epidemic, and the global community needs to come together to decide what the response will be. Christine Lagarde, IMF Managing Director, commended Kim on his efforts in the fight against Ebola. Lagarde noted that much of Africa is growing and creating jobs. The two fielded questions on Ebola, the role of China in these institutions, China's investment-led growth strategy, and the Asian Infrastructure Investment Bank
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  • 85
    Language: English
    Pages: Online-Ressource (45 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Hirshleifer, Sarojini The Impact of Vocational Training for the Unemployed
    Keywords: Arbeitsmarktpolitik ; Berufsbildung ; Erwerbstätigkeit ; Wirkungsanalyse ; Türkei
    Abstract: A randomized experiment is used to evaluate a large-scale, active labor market policy: Turkey's vocational training programs for the unemployed. A detailed follow-up survey of a large sample with low attrition enables precise estimation of treatment impacts and their heterogeneity. The average impact of training on employment is positive, but close to zero and statistically insignificant, which is much lower than either program officials or applicants expected. Over the first year after training, the paper finds that training had statistically significant effects on the quality of employment and that the positive impacts are stronger when training is offered by private providers. However, longer-term administrative data show that after three years these effects have also dissipated
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    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Kraay, Aart Do Poverty Traps Exist?
    Abstract: This paper reviews the empirical evidence on the existence of poverty traps, understood as self-reinforcing mechanisms through which poor individuals or countries remain poor. Poverty traps have captured the interest of many development policy makers, because poverty traps provide a theoretically coherent explanation for persistent poverty. They also suggest that temporary policy interventions may have long-term effects on poverty. However, a review of the reduced-form empirical evidence suggests that truly stagnant incomes of the sort predicted by standard models of poverty traps are in fact quite rare. Moreover, the empirical evidence regarding several canonical mechanisms underlying models of poverty traps is mixed
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    Language: English
    Pages: Online-Ressource (51 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Clemens, Michael A Why Don't Remittances Appear to Affect Growth?
    Abstract: Although measured remittances by migrant workers have soared in recent years, macroeconomic studies have difficulty detecting their effect on economic growth. This paper reviews existing explanations for this puzzle and proposes three new ones. First, it offers evidence that a large majority of the recent rise in measured remittances may be illusory-arising from changes in measurement, not changes in real financial flows. Second, it shows that even if these increases were correctly measured, cross-country regressions would have too little power to detect their effects on growth. Third, it points out that the greatest driver of rising remittances is rising migration, which has an opportunity cost to economic product at the origin. Net of that cost, there is little reason to expect large growth effects of remittances in the origin economy. Migration and remittances clearly have first-order effects on poverty at the origin, on the welfare of migrants and their families, and on global gross domestic product; but detecting their effects on growth of the origin economy is likely to remain elusive
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  • 88
    Language: English
    Pages: Online-Ressource (26 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: De Arcangelis, Giuseppe Directing Remittances to Education with Soft and Hard Commitments
    Abstract: This paper tests how migrants' willingness to remit changes when given the ability to direct remittances to educational purposes using different forms of commitment. Variants of a dictator game in a lab-in-the-field experiment with Filipino migrants in Rome are used to examine remitting behavior under varying degrees of commitment. These range from the soft commitment of simply labeling remittances as being for education, to the hard commitment of having funds directly paid to a school and the student's educational performance monitored. The analysis finds that the introduction of simple labeling for education raises remittances by more than 15 percent. Adding the ability to directly send this funding to the school adds only a further 2.2 percent. The information asymmetry between migrants and their most closely connected household is randomly varied, but no significant change is found in the remittance response to these forms of commitment as information varies. Behavior in these games is shown to be predictive of take-up of a new financial product called EduPay, designed to allow migrants to pay remittances directly to schools in the Philippines. This take-up seems largely driven by a response to the ability to label remittances for education, rather than to the hard commitment feature of directly paying schools
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  • 89
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    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses setting a clear target for growth. He is pleased with the focus on infrastructure. The World Bank, the Asian Development Bank, African Development Bank, and the Inter-American Development Bank plus others, together will supply about USD 100 billion in support for infrastructure. Kim fielded questions about the fight against Ebola, the proposal for a contingency fund to prevent future outbreaks, developing country expectations of the G20 summit, inequality, the Global Infrastructure Facility, and the China-US pact and climate change
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  • 90
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses two goals: to end extreme poverty by 2030 and to boost shared prosperity for the bottom 40 percent of the Population. These efforts require us fight against corruption in its many forms. He talks about the need to be alert, respond immediately when things go wrong, learn from the experience, and assure it doesn't happen again. He cautions about the lack of governance, which is a necessary condition for corruption to thrive. The challenge is to get the knowledge and tools to the right people at the right time, and to fully leverage opportunities for reform. World Bank, with support from Australia, Denmark and Norway, created the International Corruption Hunters Alliance to engage in what is happening at a multilateral level, to provide access to the latest anti-corruption tools and information, and to create the dialogue that drives our collective effort to beat corruption. He concludes by saying that the intersection with corruption and dirty money are undeniable, and the implications for sustainable, inclusive development are clear
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  • 91
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, spoke about how the Bank and other institutions can help boost shared prosperity and reduce inequality around the world. He talked about the importance of measuring income growth among the bottom 40 percent and compared that to the general population, but stressed that income alone cannot fully capture whether the bottom 40 percent are sharing in the prosperity of a country. Kim also spoke about the terrible consequences when institutions have too low aspirations for the poor, which the world is once again learning in its late response to the Ebola epidemic. He discussed that it's not only a moral imperative for countries to come to the aid of the three countries most affected by the epidemic, Guinea, Liberia, and Sierra Leone, but also an economic imperative to respond as rapidly and effectively as possible now before the epidemic spreads much wider
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  • 92
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, emphasized that children learned better when we level the playing field at an early stage. He stressed the need for stronger basic education with immediate investment, and a focus on recruitment, grooming, and motivation of teachers. He concluded that we must sustain this momentum and use all available resources and evidence to make sure that every child is in school and learning
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  • 93
    Online Resource
    Online Resource
    Washington, DC : World Bank Group | Washington, D.C : The World Bank
    ISBN: 9781464804229
    Language: English
    Pages: Online-Ressource (106 p)
    Edition: World Bank eLibrary
    RVK:
    Keywords: Westafrika ; Ebola-Virus ; Auswirkung ; Wirtschaft
    Abstract: Beyond its terrible toll in human lives and suffering, the Ebola epidemic has inflicted a measurable economic impact on West Africa in terms of forgone output, higher fiscal deficits, rising prices, lower real household incomes, and greater poverty. This impact results partly from the health-care costs and forgone productivity associated with being infected, but it is driven principally by the efforts of the uninfected population to avoid exposure ('aversion behavior'). The Economic Impact of the 2014 Ebola Epidemic: Short- and Medium-Term Estimates for West Africa provides a mixed methods analysis of the economic impact, combining theory on the channels of economic impact of the epidemic, economic indicators across sectors in the affected countries, and models of how these economies interact with each other and with the broader world. The result is a quantification of the potential overall magnitude of the economic impact for Guinea, Liberia, and Sierra Leone, as well as for West Africa as a whole. Ebola's short-term economic impact (2014) in the three core countries is on the order of US
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 94
    Language: English
    Pages: Online-Ressource (43 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Groh, Matthew Testing the Importance of Search Frictions, Matching, and Reservation Prestige through Randomized Experiments in Jordan
    Abstract: Unemployment rates for tertiary-educated youth in Jordan are high, as is the duration of unemployment. Two randomized experiments in Jordan were used to test different theories that may explain this phenomenon. The first experiment tested the role of search and matching frictions by providing firms and job candidates with an intensive screening and matching service based on educational backgrounds and psychometric assessments. Although more than 1,000 matches were made, youth rejected the opportunity to even have an interview in 28 percent of cases, and when a job offer was received, they rejected this offer or quickly quit the job 83 percent of the time. A second experiment built on the first by examining the willingness of educated, unemployed youth to apply for jobs of varying levels of prestige. Youth applied to only a small proportion of the job openings they were told about, with application rates higher for higher prestige jobs than lower prestige jobs. Youth failed to show up for the majority of interviews scheduled for low prestige jobs. The results suggest that reservation prestige is an important factor underlying the unemployment of educated Jordanian youth
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 95
    Language: English
    Pages: Online-Ressource (44 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: de Mel, Suresh Radio Frequency (Un)Identification
    Keywords: Kleinstunternehmen ; Befragung ; Gewinn ; Absatz ; RFID
    Abstract: Accurate measurement of stock levels, turnover, and profitability in microenterprises in developing countries is difficult because the majority of these firms do not keep detailed records. This paper tests the use of radio frequency identification tags as a means of objectively measuring stock levels and stock flow in small retail firms in Sri Lanka. In principle, the tags offer the potential to track stock movements accurately. The paper compares the stock counts obtained from RFID reads to physical stock counts and to survey responses. There are three main findings. First, current RFID-technology is more difficult to use, and more time-consuming to employ, than had been envisaged. Second, the technology works reasonably well for paper products, but very poorly for most products sold by microenterprises: on average only about one-quarter of the products tagged could be read and there was considerable day-to-day variation in read-efficiency. Third, a comparison of survey responses and physical stock-takes shows much higher accuracy for survey measures. As a result, the study concludes that this technology is currently unsuitable for improving stock measurement in microenterprises, except perhaps for a few products
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 96
    Language: English
    Pages: Online-Ressource (30 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Gibson, John Development through Seasonal Worker Programs
    Abstract: Seasonal worker programs are increasingly seen as offering the potential to be part of international development policy. New Zealand's Recognised Seasonal Employer program is one of the first and most prominent of programs designed with this perspective. This paper provides a detailed examination of this policy through the first six seasons. This includes the important role of policy facilitation measures taken by governments and aid agencies. The evolution of the program in terms of worker numbers is discussed, along with new data on the (high) degree of circularity in worker movements, and new data on (very low) worker overstay rates. There appears to have been little displacement of New Zealand workers, and new data show Recognised Seasonal Employer workers to be more productive than local labor and that workers appear to gain productivity as they return for subsequent seasons. The program has also benefitted the migrants participating in the program, with increases in per capita incomes, expenditure, savings, and subjective well-being. Taken together, this evidence suggests that the program is largely living up to its promise of a "triple win" for migrants, their sending countries in the Pacific, and New Zealand
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 97
    Language: English
    Pages: Online-Ressource (38 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Groh, Matthew Macroinsurance for Microenterprises
    Abstract: Firms in many developing countries cite macroeconomic instability and political uncertainty as major constraints to their growth. Economic theory suggests uncertainty can cause firms to delay investments until uncertainty is resolved. A randomized experiment was conducted in post-revolution Egypt to measure the impact of insuring microenterprises against macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in the treatment group purchased insurance. However, purchasing insurance does not change the likelihood that a business takes a new loan, the size of the loan, or how the loan is invested. This lack of effect is attributed to microenterprises largely investing in inventories and raw materials rather than irreversible investments like equipment. These results suggest that, contrary to what some firms profess, macroeconomic and political risk is not inhibiting the investment behavior of microenterprises. However, insurance may still be of value to help firms cope with shocks when they do occur, but the paper is unable to examine this dimension, because the insurance product did not pay out over the course of the pilot
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 98
    Language: English
    Pages: Online-Ressource (52 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: McKenzie, David Evidence on Policies to Increase the Development Impacts of International Migration
    Abstract: International migration offers individuals and their families the potential to experience immediate and large gains in their incomes, and offers a large number of other positive benefits to the sending communities and countries. However, there are also concerns about potential costs of migration, including concerns about trafficking and human rights, a desire for remittances to be used more effectively, and concerns about externalities from skilled workers being lost. As a result there is increasing interest in policies which can enhance the development benefits of international migration and mitigate these potential costs. This paper provides a critical review of recent research on the effectiveness of these policies at three stages of the migration process: pre-departure, during migration, and directed toward possible return. The existing evidence base suggests some areas of policy success: bilateral migration agreements for countries whose workers have few other migration options, developing new savings and remittance products that allow migrants more control over how their money is used, and some efforts to provide financial education to migrants and their families. Suggestive evidence together with theory offers support for a number of other policies, such as lowering the cost of remittances, reducing passport costs, offering dual citizenship, and removing exit barriers to migration. Research offers reasons to be cautious about some policies, such as enforcing strong rights for migrants like high minimum wages. Nevertheless, the paper finds the evidence base to be weak for many policies, with no reliable research on the impact of most return migration programs, nor for whether countries should be trying to induce communal remitting through matching funds
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 99
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses fundamental issues in global development and the World Bank Group's role in helping countries and the private sector meet the greatest challenges in development. He speaks about the twin goals, to end extreme poverty by 2030 and to boost shared prosperity. Due to television, everyone knows how everyone else lives. We must not remain voluntarily blind to the impact of economic choices on the poor and vulnerable. He added that we must ensure that our economic progress does not irreparably compromise our children's future due to climate change. World Bank's lending capacity - or the amount of loans we can carry on our balance sheet -- will increase by USD 100 billion dollars in the next decade, to roughly USD 300 billion dollars. He concludes by saying that all parts of our global society must unite to translate the vision of a more just, sustainable economy into the resolute action. That will be our legacy to the future. Dr. Kim fielded questions
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  • 100
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Jim Yong Kim, President of the World Bank Group, discusses how the World Bank is focused on a prosperity that is shared by everyone, and to lift the billion or so people living in extreme poverty out of that condition so that they can have those things that everybody in the world seems to want. He speaks about the inequality in the economic growth of the countries around the world. He highlights the health care and education sectors as essential to improving lives in developing countries. He points to the fact that the time is now to think about positive ways of moving in a direction to grow economies and at the same time, increase the participation of everyone. He talks about how the World Bank Group is working very hard now to reduce bureaucratic processes so that people in the countries feel a difference. He speaks about climate change and the challenges involved in tackling it. He concludes by saying that they're looking at every possible way of investing in people, of spurring innovation
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