With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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WASHINGTON, January 27, 2014 – With more than half of Sub-Saharan Africa’s population now under the age of 25, and as many as 11 million young Africans expected to join the labor market every year for... Show More + the next decade, creating millions of productive, well-paying jobs will be vital to boost economic growth, significantly cut poverty, and create shared prosperity in Africa, according to a new World Bank report on youth employment in Africa.While many African economies have registered impressive economic growth in recent years, poverty levels across the region have not fallen as much as expected and young people looking for better-paying work have been at a great disadvantage. This is partly because many African countries rely heavily on oil, gas, and mineral extraction which boosts economic growth but does little to create new jobs for the region’s fast-growing youth population or reduce overall rates of poverty. In a new comprehensive regional report on the subject, ‘Youth Employme Show Less -
Despite shared languages, history, culture, and borders, South Asia remains one of the least integrated regions in the world. The cost of weak regional cooperation tends to hurt the poor and vulnerable... Show More + more than other segments of the population. Increased cooperation holds many opportunities for development gains for all countries of South Asia, yet many barriers exist to further regional cooperation.How to tackle these issues and help South Asia maximize the gains from such cooperation were discussed last week in Lahore, Pakistan by a group of budding young South Asian students. Hosted jointly by the Lahore University of Management Sciences (LUMS) and Lahore School of Economics (LSE), the 10th Annual South Asian Economics Students Meet brought together 82 economics undergraduate students from around South Asia. With teams of 10 members each, students from Bangladesh, Bhutan, India (two teams), Nepal, Pakistan, Sri Lanka, and for the first time, Afghanistan met and interacted over Show Less -
From across South Asia, the entries poured in – by SMS, email, Twitter, and even a few by postal mail. Young people from seven countries submitted their ideas for ending gender-based violence, in the wake... Show More + of recent incidents in the region that shocked the world and triggered popular outrage.Entrants sent messages in nine different languages, and though they were limited to 140 characters, they packed powerful words into their messages. “Shed conventional femininity notions, spread gender sensitive-education, make women fiery and gritty, launch ’Safe Cities’ campaigns,” wrote Bhumika Billa, 18, from India. Billa said fear of violence affects her movements on a daily basis.“Whenever I have to go out with my friends…my parents have to think twice and four times,” she said. A runner, she had to curtail her workouts because she was the only young female running alone on the track and felt unsafe."We received so many wonderful, passionate, and enthusiastic entries on this topic," s Show Less -
Washington, D.C. – The South Asia Regional Art Exhibition "Imagining our Future Together" organized by the World Bank will open on Jan. 22, at World Bank headquarters.South Asia is the least... Show More + integrated region in the world, and more and better regional cooperation will help the region to realize its full potential. Breaking barriers is not only about economics and trade of goods and services. Art has the potential to connect people and countries. To take this vision forward, the World Bank’s South Asia vice presidency and the World Bank Art Program organized a regional competition for young South Asian artists in 2012. It received more than 1,000 entries from 231 talented young artists born after 1974 inspired by the idea of a more integrated region.The theme for the competition was creating a vision for a common future and showcasing the unique beauty, creativity, and challenges of South Asia. Forty-four artworks by the 25 winners of the competition are being exhibited here. Show Less -
Vaishnavi Pranatharthiharan, who had the top entry from Sri Lanka, highlighted that the urbanization strategies should be tactical, incorporating modern technologies with local community inputs and consensus.From... Show More + Pakistan, Kanza Azeemi highlighted that behavioral changes are necessary in terms of investing in energy-saving solutions at all levels such as replacing incandescent light bulbs with energy-efficient ones. She noted that government has a role in terms of incentives through taxes and subsidies to encourage energy conservation and promote greater research and development.Padam Raj Panaru from Nepal stressed that developing countries need technology transfers from more industrialized countries to promote green investment and entrepreneurship. Fostering greater interaction around green ideas will create opportunities for knowledge sharing.From India, Shruti Lakhtakia noted that individual energy use in industrialized countries is still much greater than in South Asia countries. I Show Less -