The Update describes the state of the Indian economy, shares its perspective on the Indian growth experience and trajectory over the past two and a half decades, and analyses the near-term outlook for growth, the global economic outlook and its impact on the Indian economy.
The Update, to be formally launched on March 14, features a historic analysis of India’s economic performance in order to assess what it will take India to return to growth rates of 8 percent and higher on a sustained basis.
“With the momentum built up, the stage set, with a banner that in all its glory was decorated with the flags of the seven South Asian states, we sat in our respective country groups to embark on a three-day long journey that was to change my perception of South Asia forever. The dis-embarkment on this passage saw us divided by geographical boundaries, as India and Pakistan made sure to sit the farthest away from each other. The end to this voyage, however, painted a story not many foresaw – " – Alizeh Arif, Lahore School of Economics
This is a guest post by Andy Foster, Dean Karlan, and Ted Miguel.
The world is a messy place. What happens when the results of an empirical study are mushy or inconsistent with prevailing theories? Unfortunately, papers with unclear or null results often go unpublished, even if they have rigorous research designs and good data. In such cases, the research community is typically only left to consider the papers that tell a “neat” and clean story. When economic and social policy relies on academic knowledge, this publication bias can be costly to society.
Sea level is rising, and the rise in sea level will continue beyond the year 2100, even if greenhouse gas emissions are stabilized today. Expected to rise by at least one meter during this century according to the current scientific consensus, sea levels may even rise by three meters by 2100, in light of the new evidence on ice-cliff instability of the Antarctic.
For new evidence on ice-cliff instability of the Antarctic and its implications for the magnitude and time-phasing of global sea-level rise, see
Dangers of sea-level rise include but are not limited to:
- Sustainable Communities
- Among the many posts on international women’s day, I thought our readers might find most useful this one on measurement of poverty and gender by Carolina Sanchez and Ana-Maria Munoz-Boudet “No, 70% of the world’s poor aren’t women, but this doesn’t mean poverty isn’t sexist”
- Emergency loans that are automatically given out when disaster hits as a substitute for microinsurance – summarized by Feed the Future – “Results ... show that the availability of emergency loans has had a big effect on how these farmers manage risk. Households who knew they were pre-qualified planted about 25 percent more rice than households who were not offered the emergency loan” (h/t Mushfiq Mobarak).
- Video and slides from Ana Fernandes’ policy research talk on exporter dynamics, superstar firms, and trade policy – it is stunning how large a share of exports from many developing countries comes from the top 1% or even top 5 exporters.
- Have you questioned your life choices enough lately? If not, Video of Lant Pritchett’s talk last month at NYU’s DRI on “The Debate about RCTs in Development is over. We won. They lost”
- development impact links
Last week we saw two Ivorian women, Murielle Ahouré and Marie-Josée Ta Lou, fly past the finish line in a historic one-two finish in the 60 meters sprint at the World Indoor Championships in Birmingham, England while Burundi’s Francine Niyonsaba triumphed in a gritty 800 meters race. From the 60 meters to the 3000 meters, African women graced the podium or were not far from it, a testament to their athletic prowess.
Bhutan is a small country nestled in the eastern Himalayas between China and India, has managed to maintain its rich and unique cultural heritage in this modern-day age, partly due to its relative isolation during much of the last century. Bhutan is one of the smallest but fastest-growing economies in the world and a success story in poverty reduction.
There has also been an increasing representation of girls at the higher secondary level although the lag continues at the university level.
Gender gaps in labor markets and job quality was identified as one of the main areas of gender gaps in the 2013 World Bank Gender Note Policy. Although tremendous progress has been made, - 58% of Bhutanese women working for pay or looking for jobs - the female labor force participation saw a slight decline compared to men in 2016. It remains one of the highest in the region.
It’s amazing to see what technology can do these days! Satellites provide daily images of almost every location on earth, and computers can be trained to process massive amounts of data generated from them to produce insightful analysis/information. This is just one of the demonstrations of artificial intelligence (AI). AI can go beyond just reading images captured from space, it can help improve lives overall.
For urban governance, machine learning and AI are increasingly used to provide near real-time analysis of how cities change in practice – for example, through the conversion of green areas into built-up structures. By teaching computers what to look for in satellite images, rapidly expanding sources of satellite data (public and commercial), together with machine learning algorithms, can be leveraged to quickly reveal how actual city development aligns with planning and zoning or which communities are most prone to flooding. This provides insights beyond the basic satellite snapshots and time-lapse visualizations that can now be readily generated for any areas of interest.
But the barriers to applying these technologies can still seem daunting for many cities around the world. It’s not always clear how exactly to analyze this massive amount of satellite data, nor how to get access to it.
As we mark International Women’s Day 2018, there has never been a more critical time to invest in people, especially in women and girls.
Skills, knowledge, and know-how – collectively called human capital – have become an enormous share of global wealth, bigger than produced capital such as factories or industry, or natural resources.
But human capital wealth is not evenly distributed around the world, and it’s a larger slice of wealth as countries develop. How, then, can developing countries build their human capital and prepare for a more technologically demanding future?
The answer is they must invest much more in the building blocks of human capital – in nutrition, health, education, social protection, and jobs. And the biggest returns will come from educating and nurturing girls, empowering women, and ensuring that social safety nets increase their resilience.
According to UNESCO estimates, 130 million girls between the age of 6 and 17 are out of school, and 15 million girls of primary-school age – half of them in sub-Saharan Africa – will never enter a classroom. Women’s participation in the global labor market is nearly 27 percentage points lower than for men, and women’s labor force participation fell from 52 percent in 1990 to 49 percent in 2016.
What if we could fix this?