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How do courts impact the business climate… really?

Georgia Harley's picture
Tim Cordell, Cartoonstock.com

We know that the justice system dampens the business climate in many of the countries where we work. In Bank reports, national strategies, and in common parlance, we lament that poorly performing courts delay business activity, undermine predictability, increase risks and constrain private sector growth. Going further, we conclude that weak justice systems disproportionately hamper micro, small and medium sized enterprises (MSMEs) because they have less buffer to absorb these problems - which can become make-or-break for their businesses.

So that’s the ‘what’ but, precisely, how, do courts impact businesses?
 

What do we know about the development outcomes of LGBTI people?

Dominik Koehler's picture
We all know, sadly, that lesbian, gay, bisexual, transgender, and intersex (LGBTI) people suffer discrimination and stigma. This happens around the world, particularly in developing countries.  But how does this discrimination affect their lives, their development outcomes? 

Let’s find out.
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What happens if you don’t pay your bill? Lessons from Central and Eastern Europe

Georgia Harley's picture


We all have regular bills to pay for the ubiquitous services we consume – whether they be for utilities (water, heating, electricity etc.), credit cards, memberships, or car payments.  But, not everyone pays.  

So why don’t people pay?  Why are some countries better at this than others?  And what can be done to improve systems for debt collection?

A mixed report: How Europe and Central Asian Countries performed in PISA

Cristian Aedo's picture
Tim Cordell, Cartoonstock.com

Мы знаем, что система правосудия омрачает деловой климат во многих странах, в которых мы работаем. В докладах Всемирного банка, национальных стратегиях и просто в разговорах мы жалуемся, что неэффективная работа судов сдерживает предпринимательскую активность, отрицательно отражается на прогнозируемости, увеличивает риски и сдерживает рост частного сектора. Кроме того, мы делаем вывод о том, что слабая система правосудия непомерно препятствует развитию микро-, малых и средних предприятий (MSMEs), потому что у них меньше средств для того, чтобы справиться с этой проблемой, что может стать решающим фактором самого существования их предприятий.
 
Итак, «что», а точнее, «как» суды влияют на бизнес?
 

The economic benefits of LGBTI inclusion

Georgia Harley's picture
Image courtesy Pixaby creative commons license

Regulating tobacco use using excise taxation, restrictions on smoking in public places, and restrictions on youth access and sale of tobacco products is now a widely-accepted policy action to prevent its harmful health effects.  The ruling by the United States Federal District Court that ordered the country’s four largest cigarette makers to make “corrective statements” to inform the public about the harms of cigarettes, including light and low-tar cigarettes, which began on November 26, 2017 for one year, using prime-time television commercials and full-page ads in newspapers, only confirms what is already known on the basis of accumulated evidence over the past half century: the manipulation of cigarette design and composition to ensure optimum nicotine delivery have led to addiction, ill health, and premature mortality and disability among smokers and among those exposed to secondhand smoke. And the recent decision by the Vatican to ban duty-free cigarette sales is a good example of how societal attitude towards tobacco use has changed: a sovereign state is willing to forego revenue from products that clearly harm people's health.

Renewables, solar, and large size projects trending in new data on private participation in infrastructure

Clive Harris's picture



Translations available in Chinese and Spanish.

Many of you are already familiar with the PPP (Public-Private Partnerships) Group’s Private Participation in Infrastructure (PPI) Database. As a reminder for those who aren’t, the PPI Database is a comprehensive resource of over 8,000 projects with private participation across 139 low- and middle-income economies from the period of 1990-2015, in the water, energy, transport and telecoms sectors.

We recently released the 2015 full year data showing that global private infrastructure investment remains steady when compared to the previous year (US$111.6 billion compared with US$111.7 the previous year), largely due to a couple of mega-deals in Turkey (including Istanbul’s $35.6 billion IGA Airport (which includes a $29.1 billion concession fee to the government). When compared to the previous five-year average, however, global private infrastructure investment in 2015 was 10 percent lower, mainly due to dwindling commitments in China, Brazil, and India. Brazil in particular saw only $4.5 billion in investments, sharply declining from $47.2 billion in 2014 and reversing a trend of growing investments over the last five years.

Improving opportunities for Europe’s Roma children will pay off

Mariam Sherman's picture

Eliminating inequality is integral to the Sustainable Development Goals , from ‘universal access’ to water, to ending poverty ‘everywhere’. Yet in a world where the politics of who gets what is increasingly polarised, leaving no-one behind is fundamentally a political project.

In a recent study with WaterAid in Nepal, for example, we found that in rural areas a combination of poverty, caste, and geography have shut the poorest fifth out of politics. While access to water has increased significantly for others, they are lagging behind.

Every city, country or district has its own political rules, most of which aren’t written down. Yet despite all this complexity, experts working on essential services like water, sanitation, health or education can avoid some common political missteps, wherever they work. Here are four most typical ones:

Invitation to apply for SAFE grants

Soukeyna Kane's picture
We're thrilled to share the news about our brand new Online Quarterly Bulletin, which features debt statistics news, trends, and events. Laid out in the format of an e-newsletter, this quarter's issue focuses on:
  • Debt statistics products, coverage, and methodologies
  • External debt trends of 2015
  • International debt statistics-related activities and summaries
One area we'd like to highlight is the interconnection of the many types of debt statistics that the World Bank collects, manages, and disseminates.
 
The World Bank collects annual external debt statistics through the World Bank Debt Reporting System (DRS) and publishes it annually in the International Debt Statistics (IDS) publication. This annual data is complemented by our quarterly external and public debt statistics captured through the Quarterly External Debt Statistics (QEDS) database and the Public Sector Debt (PSD) database.  To help illustrate this interconnection, we've created the below graphic.
 


 

“Say it loud, say it clear: refugees are welcome here”

Ellen Goldstein's picture

Read this post in English, Español

Jim Yong Kim哲学家杜威曾经写道:“真正懂得思考的人,从失败和成功中学得一样多!”

作为世界银行集团的行长,在这个我们每天都在为一个“没有贫困的世界“而奋斗的地方,我面对面地遭遇如何将失败变为学习过程的问题。每个死于可预防的疾病的母亲或孩子,每个无法让人民吃饱肚子的国家,都在提醒我们,当我们遭遇失败且往往是悲剧性的失败时,我们没有从中学到应当学到的那么多东西。

在过去10年,许多国际社会领导人都十分重视衡量结果和从成功与失败中学习。在世行,当前的挑战是要开发能够加快我们从错误和成功中学习的能力的工具。我相信通讯技术和信息处理的革命性进步,与对失败的开明态度相结合,就能够帮助我们转变对实现发展成果的能力的追求,即使是最贫困国家也不例外。

Part of the #Youthbiz movement? Share your story!

Valerie Lorena's picture
In Moldova, waiting for the snow to melt

Свежее зимнее утро, и из окна своего офиса я вижу город со стороны. Он черно-белый. Белый из-за зданий, построенных из известняка, который добыли в старых шахтах, в которых теперь размещаются винные погреба. Черный из-за деревьев и их теней на заснеженных улицах, парках и площадях. Но это только вид из моего окна.

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