Publication: Innovations in Development : Where Traditional Markets Fail
Loading...
Files in English
90 downloads
Published
2010-07
ISSN
Date
2012-05-16
Author(s)
Editor(s)
Abstract
As we think about the last several decades and what has really moved the needle in international development, we can't help but acknowledge the revolution in financial services to the poor that has grown into the multi-billion dollar micro-finance industry.
Link to Data Set
Citation
“Walji, Aleem. 2010. Innovations in Development : Where Traditional Markets Fail. Development Outreach. © World Bank. http://hdl.handle.net/10986/6060 License: CC BY 3.0 IGO.”
Digital Object Identifier
Associated URLs
Associated content
Other publications in this report series
Journal
Development Outreach
1020-797X
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
No results found.
Users also downloaded
Showing related downloaded files
Publication Child Marriage and Faith Affiliation in Sub-Saharan Africa(Taylor and Francis, 2015-10-23)This article has two main objectives. First, it provides an account of trends in child marriage in Africa and a brief analysis of the statistical association between child marriage and faith affiliation. Second, it cautions against broad generalizations about child marriage and faith affiliation, in order to show that beyond stylized facts derived from household survey data, there is also substantial heterogeneity within the adherents of any particular faith as to how the practice of child marriage is considered. The analysis focuses on Islamic communities.Publication South Asian Bond Markets : Developing Long-Term Finance for Growth(Washington, DC : World Bank, 2008)Bond markets play an essential part in economies. As part of a diversified financial system, a well-developed domestic bond market can help provide the long-term financing needed for sustainable growth. It can also produce broad-ranging benefits throughout the economy. In South Asia the development of domestic debt securities markets lags. The markets remain small compared both with the size of the region's economies and with markets in East Asia. Even in India the market is still small relative to Gross Domestic Product (GDP), suggesting that long-term debt financing remains at an early stage in the region. Equity markets and banks still dominate South Asian financial systems. Measures are needed to enhance both the depth and the breadth of South Asian bond markets, to bring them into line with those in East Asia and, in the long run, with those in Organization for Economic Co-operation and Development (OECD) countries. This study assesses domestic debt securities markets in South Asia, identifies constraints to their development, and recommends measures for developing deeper, broader, and more efficient markets that can provide a competitive source of finance across a wide range of maturities for different debt issuers. The study covers five countries-Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Within the region the development of domestic debt securities markets varies widely. India's is the most developed. Its experience, along with those of East Asian economies, suggests that much potential remains for developing South Asian bond markets and expanding their contribution to growth and development. Greater regional integration of South Asian bond markets could add to the benefits.Publication Digital Africa(Washington, DC: World Bank, 2023-03-13)All African countries need better and more jobs for their growing populations. "Digital Africa: Technological Transformation for Jobs" shows that broader use of productivity-enhancing, digital technologies by enterprises and households is imperative to generate such jobs, including for lower-skilled people. At the same time, it can support not only countries’ short-term objective of postpandemic economic recovery but also their vision of economic transformation with more inclusive growth. These outcomes are not automatic, however. Mobile internet availability has increased throughout the continent in recent years, but Africa’s uptake gap is the highest in the world. Areas with at least 3G mobile internet service now cover 84 percent of Africa’s population, but only 22 percent uses such services. And the average African business lags in the use of smartphones and computers as well as more sophisticated digital technologies that catalyze further productivity gains. Two issues explain the usage gap: affordability of these new technologies and willingness to use them. For the 40 percent of Africans below the extreme poverty line, mobile data plans alone would cost one-third of their incomes—in addition to the price of access devices, apps, and electricity. Data plans for small- and medium-size businesses are also more expensive than in other regions. Moreover, shortcomings in the quality of internet services—and in the supply of attractive, skills-appropriate apps that promote entrepreneurship and raise earnings—dampen people’s willingness to use them. For those countries already using these technologies, the development payoffs are significant. New empirical studies for this report add to the rapidly growing evidence that mobile internet availability directly raises enterprise productivity, increases jobs, and reduces poverty throughout Africa. To realize these and other benefits more widely, Africa’s countries must implement complementary and mutually reinforcing policies to strengthen both consumers’ ability to pay and willingness to use digital technologies. These interventions must prioritize productive use to generate large numbers of inclusive jobs in a region poised to benefit from a massive, youthful workforce—one projected to become the world’s largest by the end of this century.Publication Vietnam : Logistics Development, Trade Facilitation, and the Impact on Poverty Reduction(World Bank, Washington, DC, 2003-06-01)This report is part of a strategy to promotes trade competitiveness within the East Asia and Pacific Region. It presents an overview of the logistics issues facing East Asia countries and proposes a development agenda for them. Based on the recognition that the countries have basic differences in their level of development, extent of openness, and composition of trade, it begins by discussing the benefits of improved logistics. The East Asian countries are organized into an action matrix, with an analysis of the logistics needs appropriate to each group. The country working papers (volumes 2, 3, & 5)discuss the assessment of preset logistics services and the impediments they impose upon, and opportunities they offer for, expanded trade, including policy reform proposals. The special report on ports (volume 4) addresses port development in relation to urban growth.Publication The State of Economic Inclusion Report 2021(Washington, DC: World Bank, 2021-01-19)The State of Economic Inclusion Report 2021 sheds light on one of the most intractable challenges faced by development policy makers and practitioners: transforming the economic lives of the world’s poorest and most vulnerable people. Economic inclusion programs are a bundle of coordinated, multidimensional interventions that support individuals, households, and communities so they can raise their incomes and build their assets. Programs targeting the extreme poor and vulnerable groups are now under way in 75 countries. This report presents data and evidence from 219 of these programs, which are reaching over 90 million beneficiaries. Governments now lead the scale-up of economic inclusion interventions, often building on pre-existing national programs such as safety nets, livelihoods and jobs, and financial inclusion, and 93 percent of the total beneficiaries are covered by government programs. The report offers four important contributions: • A detailed analysis of the nature of these programs, the people living in extreme poverty and vulnerability who they support, and the organizational challenges and opportunities inherent in designing and leading them. • An evidence review of 80 quantitative and qualitative evaluations of economic inclusion programs in 37 countries. • The first multicountry costing study including both government-led and other economic inclusion programs, indicating that programs show potential for cost efficiencies when integrated into national systems. • Four detailed case studies featuring programs underway in Bangladesh, India, Peru, and the Sahel, which highlight the programmatic and institutional adaptations required to scale in quite diverse contexts. Data from the report are available on the PEI Data Portal (http://www.peiglobal.org) where users can explore and submit data to build on this baseline.