But can we go further, making disasters even ‘duller’ by also releasing finance before a disaster strikes?
UN Under Secretary General for Humanitarian Affairs, Mark Lowcock, recently set out a compelling vision for how the humanitarian system can be improved. He argued that “disasters are predictable… we need to move from today’s approach where we watch disaster and tragedy build, gradually decide to respond, and then mobilise money and organisations to help, to an anticipatory approach, where we plan in advance for the next crises, putting the response plans and money for them before they arrive, and releasing the money and mobilising the response agencies as soon as they are needed…”
The Digital Youth Summit (DYS) is a technology focused conference that takes place annually in Peshawar, Pakistan. In the lead up to the summit, we bring to you the first of our Speaker Spotlights featuring Zaki Mahomed. The upcoming DYS is on April 27-28, 2018. Register now here.
Zaki Mahomed (ZM) is founder & CEO at Pursuit, a new startup based in San Francisco. Pursuit helps people build the lives of their dreams through easy access to skilled immigration programs. Having lived in Karachi, Singapore, Toronto and San Francisco before turning 30 has given him a global perspective on the art and science of building great companies.
Tell me a little about what you are working on now? How did you get started?
ZM: I recently founded and am the CEO of Pursuit. We help highly skilled immigrants access global job opportunities with companies that will sponsor their work visas. We want to live in a world where borders are not barriers to opportunities and employers can seamlessly hire perfect candidates from anywhere in the world.
I started Pursuit because I’ve lived and worked in 5 cities over my career. One of the most satisfying experiences of my career has been hiring immigrants who took a risk on my ideas and companies and moved their entire lives to join us. While fraught with risk, I’ve rarely regretted giving an opportunity to an immigrant and always gotten a committed and loyal worker in return. We want to make it easy for other businesses to be able to provide such opportunities to the type of talent they desperately need!
Specifically, through Pursuit, qualified skilled workers can apply for their immigrant visas and upon approval, get matched with vetted employers looking for their skills. Currently we work with Software Engineers and Developers and we primarily operate in Canada, which is our first market.
What do you think is the future for youth in the tech industry?
Each year, the World Bank offices in Kenya, Rwanda and Uganda host a Blog4Dev contest, inviting young people throughout the country to share their views on a topic of our choosing.
April 7 marked the 70th anniversary of World Health Day. This was an opportunity for the global community to redouble its efforts to ensure that all people can improve their health, including their mental health.
When his father died, Gopi, a carpenter in rural Tamil Nadu, India was overwhelmed by an enormous mental and financial burden.
Gopi became depressed, left his job, and isolated himself.
As his condition worsened, Gopi’s two younger sisters dropped out from high school to take on farming jobs to support the family.
However, thanks to medicine, counseling, and livelihood support from the Mental Health Program (TNMHP), Gopi eventually rehabilitated himself and got back to carpentry a year later.
With time, he even took out a Rs. 20,000 loan to start his own carpentry business.
Gopi’s experience—and many others’—illustrate how mental health is integral to well-being.
. Conversely, .
Accordingly, the World Bank-supported the Mental Health Program in the state of Tamil Nadu, India that incorporates best practices in mental health from around the world.
The project is an important instrument in addressing the magnitude of India’s mental health challenges, and provides a successful model for the implementation of the national mental health policy and improve mental health infrastructure and care in Indian states.
By closely involving the community, the project reduced stigma and prejudice attached to mental illness and empowered vulnerable people with mental disabilities to gain respect in their communities.
People with mental disabilities are diagnosed and treated and provided livelihood support through vocational training, self-help groups, job cards, and identity cards to access social benefits.
Photo: World Bank Group
By committing to the Sustainable Development Goals (SDGs), countries pledge to pursue progress on economic, social, and environmental targets, in a balanced and integrated manner. The SDGs are cross-cutting and ambitious, and require a shift in how we work in partnership. They also push us to significantly change the level of both public and private investment in all countries.
We need creative solutions to leverage each partner’s comparative advantage. We also need to mobilize private sector investment and innovation in support of the SDGs.
Studies on conflict prediction and prevention often investigate places that experience civil war and try to determine why they occurred, with the idea that knowing the answer can inform policymaking efforts. This approach has two weaknesses. First, it provides an incomplete understanding of conflict, as there are no comparisons between these observed cases and a set of systematically chosen and similar peers. Second, it does not answer the question of whether the international community can identify risk factors in time to do anything about them.
Imagine you were working in development and poverty reduction in the early 1990s (I was!). Only one website existed in all the world in August 1991 (today there are over 1.5 billion). Mobile phones were expensive, rare, and clunky. Very few would anticipate a situation in which India would have more mobile phones than toilets.
To paraphrase Bill Gates: we tend to overestimate the changes that will happen in the short term and underestimate those in the long term.
India has achieved much in the last decades. Yet an economic deceleration in the past few quarters has generated worried commentaries about India’s growth potential. However, our analysis of nearly five decades of data finds that
First, Thus, while growth averaged 4.4 percent a year during the 1970s and 1980s, it accelerated to 5.5 percent during the 1990s-early 2000s, and further to 7.1 percent in the past one decade. The acceleration of growth is evident not just for aggregate GDP, but even more strongly for per capita GDP. The average pace of per capita growth was 5.5 percent a year in the last decade. Interestingly, when compared with some of the world’s largest emerging economies, this steady acceleration of growth stands out as being unique to India.
Second, This is partly due to the stabilization of growth within each sector – agriculture, industry and services – and partly to the transition of the economy toward the services sector, where growth is more stable. Particularly interesting is the sharp increase in the stability of GDP growth since 1991. Before this, growth accelerated episodically, was punctuated by large annual variations, and often failed to sustain. Thus, growth has not just accelerated post liberalisation, it has also become more stable.
Third, growth has been broadly diversified. Growth has accelerated the fastest in services, followed by industry, and less so in agriculture. Over the long run, – both in labor productivity as well as in total factor productivity.
Finally, growth has been broadly resilient to shocks, both domestic and external. The resilience of India’s growth can be attributed to the country’s large and spatially diversified economy, as well as to its diversified production structure that is not dependent on a few products, commodities, or natural resources. It can also be attributed to India’s diversified trade basket and broad range of trading partners, wherein a slowdown in any one part of the world will not result in a large impact on India.
The resilience of India’s growth process was on display in recent years when the country recovered quickly from the impacts of two major policy events – demonetization and the implementation of the Goods and Services Tax (GST), an important indirect tax reform. We argue that the deceleration to growth rates below 7 percent between Q3 2016–17 and Q2 2017–18 was an aberration, attributed to temporary disruptions in economic activity as the economy adjusted to demonetization and businesses prepared for the implementation of GST. At present, there are indications that the economy has bottomed out and, in the coming quarters, economic activity should revert to the trend growth rate of about 7.5 percent. We project GDP growth to be 6.7 percent in 2017-18 and accelerate to 7.3 percent and 7.5 percent respectively in 2018-19 and 2019-20.
Continuing the dialogue and peer-to-peer exchange on the benefits and challenges to fiscal transparency is essential to sustaining the momentum for reform. The time for action is now — the Arab world has a chance to go from lagging to leading on fiscal transparency.
When John Maynard Keynes wrote that “In the long run we are all dead,” he probably didn’t mean a few days or months, notwithstanding a recent “long-term experimental” social psychology study that shows results over a whopping three days. Keynes lived an additional 23 years after publishing his famous statement, so I’ll call 23 years the “Keynes test” for long-run impacts.
In development economics, how long is the long run? I identified every article in three development economics journals that used the term “long run” in its title. The journals were the Journal of Development Economics, Economic Development and Cultural Change, and the World Bank Economic Review. 38 articles used the term – excluding two book reviews, of which 23 articles had empirical analysis. (It’s easy to talk about long run impacts when you’re only speaking theoretically.) Of those 23, 10 were micro and 13 were macro. So this is a small sample. Proceed with caution!