The Federal Government of Nigeria has adopted an ambitious strategy to make Nigeria the world's 20th largest economy by 2020. Sustaining such a pace of growth will entail rapid expansion of the level of activity in key carbon-emitting sectors, such as power, oil and gas, agriculture and transport. In the absence of policies to accompany economic growth with a reduced carbon foot-print, emissions of greenhouse gases could more than double in the next two decades. This study finds that there are several options for Nigeria to achieve the development objectives of vision 20:2020 and beyond, but...

The liberalization policy implemented in the 1970s helped Sri Lanka to achieve middle-incomecountry status in 2010. Sri Lanka is now poised for the next phase of economic growth and productive employment. The two principal drivers of investment for sustained high economic growth are international competitiveness for export-led growth and urbanization. Crucial to both is efficient infrastructure that shortens the international supply chain and brings about agglomeration benefits. Investing in Infrastructure: Harnessing Its Potential for Growth in Sri Lanka has two objectives: - To improve...

Greening Growth in Pakistan through Transport Sector Reforms: A Strategic Environmental, Poverty, and Social Assessment identifies reforms that can help Pakistan manage its environmental priorities given transport's impacts on air quality, noise pollution, road safety, hazardous-materials transport, climate change, and urban sprawl. The policy options are contextualized in light of the government of Pakistan's 2011 Framework for Economic Growth and its strategic objectives. This analytical work examines the poverty, social, and environmental aspects associated with reforms that would increase...

Over the past two decades, the rapid integration of many developing countries into global markets has contributed to a convergence of incomes across countries, pulling large economies like China, India, and Indonesia into the middle-income ranks. On the other hand, these same factors have contributed to widening income disparities within countries. One of the principal manifestations of these within country disparities is spatial, with growth accelerating in well located, typically metropolitan regions, while more peripheral regions fall further behind. The resulting pattern of leading and...

While Zambia's recent growth has been impressive, it has not been accompanied with adequate job creation. To be sustainable and to create productive employment for its people, growth needs to be accompanied by structural transformation. Such transformation entails a growing share of manufacturing output in the economy. Light Manufacturing in Zambia shows that Zambia has the potential to become regionally competitive in several light manufacturing subsectors by leveraging its comparative advantage in natural resource industries such as agriculture, livestock, and forestry. Light Manufacturing...

Sub-Saharan Africa has millions of nonfarm workers engaged in small and household enterprises outside formal wage employment, constituting the informal sector. Previously seen as a pool of surplus labor expected to be absorbed by future industrialization, this sector has instead become a persistent feature of the region's economic landscape, and accounts for a majority of new jobs created off the farm. Expanding the sector's potential as a source of employment for the region's growing workforce and improving its productivity and earnings are priorities for poverty reduction. This book...

This book was undertaken at a pivotal time in the region. The weak summer monsoon in 2009 created drought conditions throughout Pakistan. This followed an already tenuous situation for many rural households faced with high fuel and fertilizer costs and the impacts of rising global food prices. Then catastrophic monsoon flooding in 2010 affected over 20 million people, devastating their housing, infrastructure, and crops. Damages from this single flood event were estimated at US$10 billion, half of which were losses in the agriculture sector. Notwithstanding the debate as to whether these...

The Modern Silk Route is offering a potential land-bridge between China and Europe through Central Asia and Russia that offers a complement to existing shipping routes, and is attracting growing interest by a selected number of multinational companies. However, the main role of the Silk Route is to support the development and integration of the region. Connectivity to the east and west, over exceptionally long distances, is critical to the development of the Central Asian countries, when trading globally and between themselves. Facilitating trade and transportation across many borders,...

If not addressed in time, climate change is expected to exacerbate Nigeria's current vulnerability to weather swings and limit its ability to achieve and sustain the objectives of Vision 20: 2020. But there is a lot that can be done, starting now, to avoid such a damaging outcome. This is the overarching message of Toward Climate-Resilient Development in Nigeria. The likely impacts of climate change include the following: - Long-term reduction in crop yields of 20-30 percent - Declining productivity of livestock, with adverse consequences on livelihoods and pastoralism - Large increases in...

Over the last three decades, the concepts of Islamic finance and Islamic economics have captured the attention of researchers. The growing market for transactions compatible with Islamic law (Shari-ah) is further evidence of growing interest in this mode of finance. By some estimates, the total volume of Islamic financial assets has grown by 15 to 20 percent a year since 1990 and now exceeds $1.3 trillion. The growth of the Islamic financial sector in 2006-10 period surpassed the growth of conventional financial sector in all segments of the market, ranging from commercial banking, investment...