Skip to comments.Inclusive, sustainable development critical globally: World Bank chief
Posted on 04/08/2011 7:39:34 AM PDT by wheresmyusa
The unrest engulfing the Middle East and North Africa shows that more inclusive and sustainable development is crucial for countries around the world, and more progress should be made in creating more economic, education and civil opportunities for common people, World Bank Group President Robert Zoellick said here on Wednesday.
"There are lessons here for the region, for the world, for governments, for development institutions and for economics," Zoellick said at the Washington-based Peterson Institute for International Economics.
The region has the highest unemployment among developing regions, the highest jobless rates among the best educated as well as the lowest economic participation rates by women, he said prior to the World Bank's Spring Meetings that are scheduled to kick off later this month.
"The International Labor Organization estimates that the unemployment rate for 15 to 24 year olds in the Middle East is 25 percent. Our survey of 1,500 youth found that the self-declared or perceived jobless rate was even higher, at 35 to 40 percent. Young women in Egypt and Jordan confront unemployment of 40 percent," he said during a policy address.
Zoellick cautioned that young people in this region had high expectations on their governments to create more job opportunities and improve their livelihood.
Policy reforms in this region must be "underpinned by a broad- based and inclusive consultative process, including with young stakeholders," he noted, adding that transparent and fast policy reform is as important as money.
He insisted that education in different countries should "match with jobs" and over time the best safety net is jobs.
Zoellick contended that the world should also endeavor to make development economics of practical help to policy makers and average people including fruit vendors, and not just abstractly theoretical.
The World Bank chief reiterated his stance of "modernizing multilateralism", adding that it means stressing "solving problems pragmatically, not just discussing the poor as objects of expert policies".
"The Bank is funding a poverty project in 70 poor Chinese villages that draws on elements of community-driven development to support collective decision making, management, and monitoring of local development," he added.
He argued that an empowered public is the foundation for a stronger society, more effective government and a more successful nation.
I wish we had that here, rather than the currently empowered political cronies.
The World Bank has become a threat to liberty — how do we close it?
Everything will be fine if you just borrow more money from the Zionists.
Slippery words with amorphous charge.
Morocco’s Model: Uniting Democracy-Building and Sustainable Development
“With socio-revolutionary movements in North Africa and the Middle East and governments in the region seeking to identify and implement viable models for political reform and development, Morocco is fortunate to have been raising public awareness during the past two years about its decentralization plan. Morocco’s approach to promoting both democracy and development which King Mohammed VI often discusses and did right after the nation-wide protests of February 20th is to wed the two together so that each is advanced by way of the other.”
“Moroccan sustainable development is to occur through democratic exchanges and consensus-building, and democracy is to be built during the process of creating sustainable development.”
“Morocco’s model is potentially useful to other countries in the region since it responds to popular calls for people’s direct engagement with democratic practices, while at the same time closely identifies with the Islamic concepts of: shura (participation and mutual consultation in governing based on dialogue regarding all matters involving the whole community and its leaders); ummah (a decentralized yet integrated and diverse worldwide Muslim community that brings about human rights and social justice in a peaceful evolutionary process that builds national solidarity and international cooperation); and ijma (consensus-building).”
“While offering an innovative model that unites democracy-building with sustainable development, Morocco’s implementation must be absolutely bold to be successful. Clearly, based on the Moroccan model, the monarchy is open to transformative change of the whole of society, but through a bottom-up process driven by developmentally empowered and self-reliant local communities that are integrated in a decentralized national system and whose elected leaders are chosen based on their ability to help forge and respond to the consensus decisions of their constituents.”
"The advanced, developed, and mostly-white nations must continue to prop up regimes that are not only failures, but actually brutalize and murder their own people - World Bank chief"
Sounds like more Free Trade Communism from the Soros crowd....and his idiot followers in the US. Too many on FR agree with this guy and the Free Trade Communist nonsense
Free Trade Communism does not work....it will never work....and you are an idiot communist if you still support Free Trade