The Philippines is at a fork in the road. Despite good results on the growth front, trends observed in trade competitiveness, Global Value Chain (GVC) integration and product space evolution, send worrisome signals. The country has solid fundamentals and remarkable human assets to leapfrog into the 4th Industrial Revolution – where the distinction between goods and services have become obsolete. Yet it does not get the most out of this growth, especially with regards to long-term development prospects. In order to do so, the government will have to make the right policy choices.
East Asia and Pacific
Global experience shows that growing first and cleaning up later rarely works. Rather, it is in countries’ interest to prioritize green and clean growth. This also holds true for Thailand, a country with rich natural resources contributing significantly to its wealth.
According to World Bank data, annual natural resource depletion in Thailand accounted for 4.4 percent of Gross National Income in 2012, and it has been rising rapidly since 2002. The rate of depletion is comparable to other countries in the East Asia and Pacific region, but it is almost three times faster than the rate in the 1980s.
Rapid natural resource depletion in Thailand is increasingly visible in reduced forest areas. Illegal logging and smuggling have led to a decline from 171 million rai of forested area in 1961 to 107.6 million rai in 2009. Coastal communities face erosion, ocean waste, and illegal, destructive fishing. The coasts are also increasingly vulnerable to storm surges and sea level rise, due to continued destruction of mangroves and coral reefs.
The World Bank Group surveys its stakeholders from country governments, development organizations, civil society, private sector, academia, and media in all client countries across the globe. Building a dialogue with national governments and non-state partners based of the data received directly from them is an effective way to engage stakeholders in discussions in any development area at any possible level.
Let's take the education sector as an example to see how Country Survey data might influence the engagement that the Bank Group has on this highly prioritized area of work.
When Country Surveys ask what respondents identify as the greatest development priority in their country, overall, education is perceived as a top priority (31%, N=263) in India.1 However, in a large country, stakeholder opinions across geographic locations may differ, and the Country Survey data can be 'sliced and diced' to provide insight into stakeholders' opinions based on their geography, gender, level of collaboration with the Bank Group, etc. In India the data analyzed at the state level shows significant differences in stakeholder perceptions of the importance of education. The survey results can be used as a basis for further in-depth analyses of client's needs in education in different states and, therefore, lead to more targeted engagement on the ground. In the case of the India Country Survey, the Ns at the geographical level may be too small to reach specific conclusions, but this example illustrates the possibility for targeted analysis.
Last August, I visited Quang Ngai, a central coastal province in Vietnam, to collect data for a survey on women’s participation in resettlement activities. I expected our first meeting with the local community to be short and uncontroversial. It wasn’t.
“We, women? Our participation? It doesn’t matter. We all stay at home. We don’t care about you coming here and asking about our participation,” said one female participant. “What we do care is to know the extent to which the recommendations we make today will be addressed. We need a resettlement site with community house, trees and kindergarten as promised during the project preparation.”
That comment brought to light an important perspective, highlighting the tension between what we might expect women to want, and their actual needs.
The impacts of development-induced resettlement disproportionately affect women, as they are faced with more difficulties than men to cope with disruption to their families. And this is particularly the case if there is no mechanism to enable meaningful participation and consultation with women throughout the project cycle in general and in the resettlement process in particular.
Trời đã về đêm nhưng đường phố tại các thành phố và thị xã tại Việt Nam vẫn nhộn nhịp. Nền kinh tế tăng trưởng mạnh mẽ trong nhiều năm đã làm xuất hiện một tầng lớp trung lưu mới với khả năng chi tiêu nhiều hơn cho các hàng quán mở cửa tới thâu đêm, các cửa hàng bán lẻ lúc nào cũng đông khách và tỉ lệ sở hữu điện thoại di động ở mức cao—trung bình mỗi người có trên một máy điện thoại di động. Tuy nhiên, nền kinh tế vẫn dựa trên giao dịch bằng tiền mặt, phần đông người trong độ tuổi trưởng thành vẫn không sử dụng dịch vụ tài chính chính thức, ví dụ sử dụng tài khoản giao dịch. Chuyển sang hệ thống không dùng tiền mặt chính là một ưu tiên trong quá trình nâng cao hiệu quả, thúc đẩy phát triển kinh doanh và kinh tế, giảm nghèo tại những vùng nông thôn hẻo lánh nơi các nhà cung cấp dịch vụ tài chính truyền thống khó vươn tới.
Kể từ năm 2016 Ngân hàng Nhà nước Việt Nam đã hợp tác cùng Nhóm Ngân hàng Thế giới hướng tới xây dựng một chiến lược quốc gia về tài chính toàn diện trên cơ sở một cách tiếp cận tổng thể. Mặc dù chiến lược này hiện vẫn đang còn trong quá trình xây dựng nhưng một số điểm chính đã được xác định rõ: chú trọng tài chính trên nền tảng công nghệ số bao gồm chuyển các chương trình thanh toán của chính phủ sang sử dụng các dịch vụ và nền tảng công nghệ số ; cung cấp dịch vụ tài chính tới các vùng nông thôn và dân tộc thiểu số còn lạc hậu và tỉ lệ nghèo còn cao hơn tỷ lệ nghèo bình quân cả nước; và tăng cường bảo vệ người tiêu dùng và phổ biến kiến thức tài chính giúp thế hệ người tiêu dùng mới được trang bị tốt hơn với dịch vụ tài chính hiện đại.
Melaka retains its reputation for openness, and is extending it beyond cultural heritage into development solutions. The Malaysian state is host to the country’s first solar farm and a large new port, and the Melaka City’s riverfront is being transformed into a picturesque tourist attraction.
The city’s recent launch of the first Sustainable City Development project in Malaysia enhances this transformation.
In addition to being the first of its kind in Malaysia, this is also the first city-led project for the Global Partnership for Sustainable Cities, or GPSC, which strives to integrate sustainability into urban planning.
Also available in: Tiếng Việt
It’s nighttime and the streets are bustling in Vietnam’s cities and towns. Buoyed by years of strong growth, the country has a burgeoning middle class with purchasing power to sustain restaurants and cafes, full and open late into the night, busy retailers and a high penetration of mobile phones – more than one per person. The economy, however, continues to run on cash and a majority of adults still don’t have formal financial services such as a basic transaction account. Moving to a “non-cash” system is a priority for the government to increase efficiency, promote business and economic development and reduce poverty including in remote rural areas where traditional financial providers have difficulty reaching.
Since 2016 the State Bank of Vietnam, the country’s central bank, has been partnering with the World Bank Group on a comprehensive approach to financial inclusion which will result in a national financial inclusion strategy. While still in development, several key elements of the strategy are clear: a focus on digital finance including shifts in government payments to digital products and platforms; providing financial services to rural and agricultural communities and ethnic minorities, where growth has lagged and poverty rates are above the national average; and strengthening consumer protection and financial education so that the next generation of consumers are prepared for a modern financial marketplace.
China has performed well above the global average, shined as the regional leader in East Asia, matched, if not outperformed, OCED countries in many dimensions, many countries with much lower investments and capacity have scored higher on renewable energy indicators.
Why the discrepancy?
The World Bank's Regulatory Indicators for Sustainable Energy (RISE) could shed some light on the issue. Launched in February 2017, . It focuses on regulatory frameworks in these countries and measures that are within the direct responsibility of policy-makers. The result is based on data made available to the team at the end of 2015 and thoroughly validated.
When a family of 10 smooth-coated otters appeared in Singapore’s urban downtown of Marina Bay last year, the city was ablaze with excitement and delight. Who would have thought that these otters would make a dense urban environment like Singapore home? After all, otters were thought to have vanished in the 1970s as Singapore rapidly developed into a dense metropolis.
Was this a fad? Probably. Was this a big deal? Absolutely. In a small city-state where land is considered a scarce resource, This was not the case in Singapore. Between 1986 and 2010, as Singapore’s urban population doubled from 2.7 to 5 million, its green cover also increased from 36% to 50%, all within the confines of just 710 square kilometers. The increase in green cover in urbanized Singapore was seen as a sign that the efforts by the urban planning agency, parks and water management boards had paid off, and a testament that the natural environment could be indeed be integrated effectively into the urban fabric of the city.
Today is World Environment Day. This year, it celebrates the theme of “connecting people to nature,” and invites us to think about how we are part of nature—and how intimately we depend on it.
- New Urban Agenda
- Global Goals
- sustainable development goals
- public space
- urban design
- urban planning
- Sustainable Communities
- Urban Development
- Climate Change
- East Asia and Pacific
- World Environment Day
The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies. Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, a benefit to their trading partners. Amid favorable global financing conditions and stabilizing commodity prices, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016. Nevertheless, substantial risks cloud the outlook. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth.
Download the June 2017 Global Economic Prospects report.
Global growth is projected to strengthen to 2.7 percent in 2017, as expected. Emerging market and developing economies are anticipated to grow 4.1 percent – faster than advanced economies.