The variation in investment among developing countries is truly remarkable. Over the course of the 30-year period between 1980--2010---a period of relative calm in the global economy that is often referred to as the "Great Moderation"[*]---the investment rate in developing countries ranged from a whopping 90 percent (Armenia in 1990) to a dismal 1 percent (Liberia in 2003). This variability is more than twice that of variance in economic growth---a topic that has preoccupied many more generations of researchers---and much of this variability stems from the developing world.
Introduction: from compression ratios to pay differentials
In an earlier post we argued that, as a summary statistic, the compression ratio can direct us to aspects of public service pay and grading that we need to understand. That is, the target we have been shooting at with compression ratios is still worth hitting, even if our habitual prescriptions of decompression have fallen wide of the mark.
Photo: Texas Millitary Department | Flickr Creative Commons
“Hurricane Harvey Has Knocked Out 25 Percent of Gulf Gas Production” – GIZMODO
“This storm has already left hundreds of thousands without power along the Texas coast. And there are reports of significant damage to buildings in Rockport, Texas, near where the storm made landfall Friday night. At a press conference Saturday afternoon, Texas Governor Greg Abbott said it may be ‘several days before outages can be addressed’ due to continued high winds.” - VOX
What is Future-Proofing?
Future-proofing is described as the process of anticipating the future and developing methods to mitigate its impacts. Future-proofing when considered in infrastructure Public-Private Partnerships (PPPs) adds a layer of resilience to projects that will ensure their sustainability and longevity.
The Family 500+ program, introduced in April, 2016, consists of a monthly payment of PLN 500 (€115) for every child after the first until the age of 18. The benefit was also extended to the first child in families whose income was below a defined threshold.
Financial inclusion is on the rise globally. The third edition of the Global Findex data released last week shows that worldwide 1.2 billion adults have obtained a financial account since 2011, including 515 million since 2014. The proportion of adults who have an account with a financial institution or through a mobile money service rose globally from 62 to 69 percent.
Why do we care? Having a financial account is a crucial stepping stone to escape poverty. It makes it easier to invest in health and education or to start and grow a business. It can help a family withstand a financial setback. And research shows that account ownership can help reduce poverty and economically empower women in the household.