Vibrant Enterprise Sector Unlocks Jobs

first_imgWorld Bank president Jim Yong KimThe fear of losing or not finding a job is a primary concern for most people. According to the World Bank Development Report (WDR) 2014, about three quarters of respondents in developing countries worry a “great deal” about being unemployed. The survey notes having a job is indeed valuable: it produces income to support consumption and to help meet important goals, such as providing education, health care, and assets for family members.A job also contributes to self esteem, a sense of personal security, and even social cohesion.The Bank insists these benefits are pillars of resilience and prosperity for households and communities alike. The WDR, however, notes that not all jobs are the same for purposes of risk management.From the perspective of workers, jobs that provide secure and increasing income and a safe working environment are preferable to jobs that do not carry those benefits. Moreover, jobs that produce goods and services that consumers want and can rely on and jobs that respect and conserve the environment are better from society’s perspective, the report observed.The Bank argues that a vibrant enterprise sector is best situated to provide such jobs through its potential to mitigate the risk of unemployment, reallocate resources to create opportunities, and contribute to worker, consumer, and environmental protection.The Bank further argues that two characteristics—flexibility and formality can greatly help enterprises support people’s risk management.The WDR highlights two examples of continents apart and illustrates how flexibility and formality can improve the enterprise sector’s capacity to foster people’s resilience and promote prosperity.The first example illustrates the importance of flexibility. In Europe, Denmark, Germany, and Spain are among the many countries hit hard by the recent global economic and financial crises: Denmark from an overheated labor market, Germany from a shock to global demand, and Spain from a popped real estate bubble.“By the beginning of 2013, more than 25 percent of Spain’s labor force was unemployed. Denmark’s unemployment rate also increased, but to a much lower 7.4 percent. In Germany, the rate was just 5.3 percent,” the WDR stated.According to the WDR, many factors explain the different experiences of these three countries. For one thing, the shock that hit Spain was larger than those affecting Denmark and Germany.But explanations of the widely different unemployment outcomes should also consider the flexibility of the labor markets in those countries.Labor market reforms in Germany, the report explains, helped moderate wage increases before the international crisis and enabled employees and firms to adjust hours worked through work sharing without the need for layoffs.In Denmark, job separations were high, but unemployment spells were short and eased by a robust safety net and retraining programs for the unemployed.In Spain, in contrast, where a high percentage of the workforce was employed in the hard-hit construction sector, stringent employment regulations with significant severance costs, along with other structural factors such as the relatively high share of unskilled young labor, have added to the high and persistent unemployment.The second example shows the benefits for enterprises of becoming formal. In Peru in recent years, informal mines have sprung up in response to rising gold prices. Ignoring existing regulations, these informal mines have caused significant deforestation, notes the WDR.The mercury used in the extraction process has contaminated rivers and the atmosphere and threatened human health. In the La Libertad region, according to the report, the Poderosa Mining Company took an innovative approach to the problem after informal miners invaded one of its mining concessions.The Bank explained that the company began to formalize the invading miners, signing agreements that allowed them to continue mining under its direction. The agreements, which meet international environmental management quality standards, have increased the small miners’ income and decreased the harm from deforestation and mercury contamination.These two stories convey the main message that flexibility and formality enhance the enterprise sector’s ability to contribute to people’s resilience and prosperity.An enterprise sector that is flexible is more capable of responding to shocks by reallocating resources within and across enterprises and of innovating in an ever-changing world, the WDR adds. “An enterprise sector that is formal is better situated to take advantage of legal protection and contract enforcement and to make better use of public infrastructure.”In addition, formal enterprises can be more easily held accountable for their impact on worker safety and on consumer and environmental well-being. There are both synergies and trade-offs between flexibility and formality.In countries with responsible and strong state institutions and streamlined regulations, formality enhances flexibility.In countries with weak state institutions and cumbersome regulatory regimes such as Liberia, however, the cost of formality can be too large for the majority of enterprises and workers. In this case, “informal is normal,” and informality is a means for the economy to achieve a certain degree of flexibility and for workers to access a practical safety net.A diverse array of workers and enterprises then remains informal because they are excluded from or choose not to join a formal sector that offers limited benefits.Informality is often a second-best response, however. The majority of the poor work in the informal sector out of necessity rather than choice.In Ghana, for example, more than 60 percent of informal salaried and self-employed workers without employees would rather have formal wage jobs. Informal mechanisms may be effective for small firms and simple transactions, but are insufficient for larger firms and complex relations with workers and markets.That may be why wage employment as a share of total employment increases as a country develops.Notwithstanding significant variation across and within regions, self-employment—a large part of which is likely of a subsistence nature—is widespread in the developing world. If the enterprise sector is to fulfill its role in supporting people’s risk management, public policy for the sector requires reforms that balance the economy’s need for flexibility with society’s need for legal and regulatory protections.The WDR argues for a combination of reforms to help the enterprise sector become flexible as it gradually becomes formal.These reforms, according to WDR, include improving the basic foundations of the enterprise sector by strengthening property rights and reducing uncertainty about government policy; implementing and enforcing sound regulations; and providing inclusive social protection.In the longer run, when sound regulations for flexibility are in place, the government can pursue reforms that encourage both flexibility and formality by spurring innovation; increasing the skill level of the labor force; and enhancing worker, consumer, and environmental protections.These reforms are necessary not only to increase growth but to enhance people’s resilience and to promote prosperity.Although the risks that enterprises themselves face and their risk-taking decisions are very important aspects of a vibrant enterprise sector, the WDR maintains its focus on risks faced by people. It thus focuses on the enterprise sector as a sector and on its function of supporting people and society in managing risk in different ways.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

‘Amb. Carlton Karpeh Sacrificed Personal Pride for Country’

first_imgPrelate saying a prayer over the remains of the late Ambassador KarpehThe Minister of Foreign Affairs says the late Ambassador Carlton Alexwyn Karpeh (CAK) will be remembered for his versatility, eloquence, excellent deportment and patriotism.“He was a man of integrity and unusual modesty. He sacrificed his personal pride for the service of his country. These sterling qualities are rarely found in one person.“As we say farewell to Ambassador CAK, we thank God that he lived a full and fruitful life among us and recall that death is not the beginning of a voyage, but the end of one; it is not the start of a mysterious and dangerous journey across an unknown and vast ocean, but the arrival at the safe harbor. Carlton has arrived,” she indicated.A Foreign Ministry release states that Madam Marjon Kamara made the assertion when she delivered a tribute on behalf of the Ministry of Foreign Affairs and the Government of Liberia at the funeral of the late Carlton Alexwyn Karpeh at the Trinity Cathedral Episcopal Church on Saturday, March 25, 2017.The late Ambassador Karpeh (85), who died in the early morning hours of Tuesday, February 28, 2017, in Paynesville, was former senior Ambassador-at-Large, Ministry of Foreign Affairs and earlier former Ambassador Extraordinary and Plenipotentiary of the Republic of Liberia to the Republic of Cameroon and countries in the Central African Region and Doyen of the Diplomatic Corps.Before then, he also served as Minister of Information, Cultural Affairs and Tourism and earlier, Assistant Minister for Public Affairs and Tourism, Ministry of Information, Cultural Affairs and Tourism.Foreign Minister Kamara said the death of Ambassador Karpeh tore off a valuable leaf from a branch of the Liberian national tree and the Government and people of Liberia including his family were thrown into a state of grief.“Indeed the Government, especially the Ministry of Foreign Affairs is deeply saddened by the death of a former colleague who has made numerous and invaluable contribution to the Republic,” she asserted, adding, “We extend gratitude to the Karpeh family for sharing this great mind with us for most of his useful life in the service of his country.”Continuing, Madam Kamara said, “CAK”, as he was called by his friends and admirers, was a patriot and nationalist who lived the truest meaning of those words. “He learned at an early age to devote his energy and work to his country, standing tall and engraving his name indelibly in the records of our Ministry.”Also paying a tribute to the memory of the late Ambassador Karpeh was the Ambassador of the Republic of Cameroon to the Republic of Liberia, His Excellency Beng’yela A. Gang.In his tribute on behalf of the Government and people of Cameroon, Ambassador Gang said, “whether it be from the angle of academic, journalistic, governmental or diplomatic exploits, whether it be from the perspective of his diverse social attachments Amb. Karpeh left an unrivaled image of professionalism and commitment to the fortification of bilateral relations between Liberia and Cameroon during his 16-year tenure as Liberia’s Ambassador to Cameroon.”Ambassador Gang laid two wreaths on the casket bearing the remains of the late Ambassador – one in the name of the Government of Cameroon in grief and respect for a great friend, bridge-builder and diplomat; and the other, on behalf of the Embassy in Monrovia and of the Cameroon community in Liberia in gratitude for his solidarity with them.Others that paid tribute included the House of Representatives and his family, read by his son, Martin C. Alexwyn Karpeh.The late Ambassador Karpeh was laid to rest at the Kaiser Memorial Lawn Cemetery in Brewerville, outside Monrovia.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Bush woos Uruguayans on Latin-American tour

first_imgMONTEVIDEO, Uruguay – President George W. Bush claimed progress on trade with Uruguay’s president on Saturday, courting another leftist leader on his Latin American tour. “We care about the human condition,” Bush said, trying to co-opt the populism of one influential leftist rival he won’t meet: Venezuela’s firebrand, Hugo Chavez. In a part of the world where the U.S. invasion of Iraq is particularly unpopular, Bush is not talking much about the global War on Terror. And while he won’t mention Chavez by name, his soft-sell pitch clearly is intended to counter the Venezuelan leader’s rising stature and rants that blame Latin America’s poverty on U.S.-style capitalism. “I would call our diplomacy quiet and effective diplomacy – diplomacy all aimed at helping people, aimed at elevating the human condition, aimed at expressing the great compassion of the American people,” Bush said at a joint news conference with Uruguayan President Tabare Vazquez. As he has on other stops, he mentions increases in U.S. aid programs during his presidency. The two met at the Uruguayan presidential retreat in Anchorena Park, a riverside ranch and national park about 120 miles west of here. Bush traveled by helicopter. The Bush administration is trying to strike a freer-trade deal with Uruguay. But the efforts are complicated by the country’s membership in a rival South American trading bloc. Uruguay, a tiny coastal nation overshadowed by neighboring Brazil and Argentina, wants to sell more beef and textiles to the United States, its biggest trading partner. The two discussed U.S. re-strictions on Uruguayan im- ports. Vazquez said he wanted to expand scientific, technical and cultural exchanges – all to establish “a better standard of living for our people.” Both agreed to talk more. Said Vazquez, “We have created a plan starting with this meeting” in which trade and agriculture experts from both countries will meet to iron out differences. Bush said the United States is “fully prepared to reduce agricultural subsidies” but first wants to make sure “there is market access for our products.” Vazquez also pressed for a more liberal immigration policy in the United States. Bush said he would work for a “compassionate and rational immigration law” that recognizes the United States cannot grant automatic citizenship to undocumented immigrants or “kick people out.” Bush reported talking with the president about the potential of ethanol as an alternate fuel. He praised Vazquez’s efforts to improve his country’s economy, which is growing at an estimated rate of 7 percent. The day before, Bush struck a deal on ethanol promotion with Brazil’s left-wing leader, Luiz Inacio Lula de Silva. Bush is seeking to shore up relations with democratically elected leaders of both the left and the right in Latin America. He took in a traditional barbecue known as an asado with Vazquez. The leaders also went for about a 25-minute boat ride on the Plate River. Earlier, Bush extended to Silva a rare invitation to visit the presidential retreat at Camp David, Md. The president and first lady Laura Bush stopped for dinner at a restaurant in the old part of the city on a quaint plaza.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Child Development fundraiser this Thursday & Friday

first_imgFORT ST. JOHN, B.C. – Each year the CDC works with hundreds of children in our region and as this community grows, they also need to grow.The goal this year is to raise over $100,000 with part of that going towards a new outdoor play space (click here for more details about the playground space). The Child Development Centre needs your help, so they can continue to meet the growing needs of this community.  For more on what the CDC does, visit www.cdcfsj.caCLICK HERE TO MAKE A DONATIONYou can help by donating to the 12th annual Arctech Welding and Machining A Day for the Kids. You can donate online by clicking the link above or you can also call in your donation to 250-787-7100 or you can donate in person when the fundraiser gets underway at 6am on April 7th live at Save-on-Foods.- Advertisement -You can also make a pledge a performer in the annual talent show. The 42nd Annual Child Development Centre will take place Friday April 8th at the North Peace Cultural Centre. The show is free, but of course they will be looking for your donations. It all starts at 6pm and will also be broadcast live on Moose FM.Moose FM’s broadcast is sponsored by Rudy’s Highway Car and Truck Wash.last_img read more


first_imgRosses Community Radio together with Beedies Bar, Main Street, Dungloe, are holding a great fun quiz on Thursday 7th August at 9pm.Brush up on your TV, Film and Music knowledge for this great night out.Rosses Radio is a ‘not for profit’ organization and is run by volunteers. We rely totally on fundraising to keep us up and running and we are also trying to raise funds to help us get onto the airwaves.Please come along and support your local Community Radio Station.DD NOTICE: ROSSES RADIO TO HOST QUIZ NEXT THURSDAY IN BEEDIES BAR, DUNGLOE was last modified: July 31st, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DD NOTICE: Rosses RadioFeaturesNoticeslast_img read more

Simi Valley Senior Menu

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventMonday: Beef and mushrooms with pearl onions, California vegetable blend, peas. Tuesday: Boneless chicken fricassee, green beans, yellow wax beans. Wednesday: Stuffed cabbage rolls, broccoli, California vegetable blend. Thursday: Hearty beef stew, yellow wax beans, broccoli. Friday: Pasta bar. Lunch is served at noon weekdays at the Simi Valley Senior Citizens Center, 3900 Avenida Simi. Suggested donation is $5, or $2.25 for those 60 and older. Reservations must be made 48 hours in advance by calling (805) 583-6365. Lunch is served to Moorpark seniors at noon weekdays in the Moorpark Active Adult Center, 799 Moorpark Ave. Suggested donation is $2.25. For information, call (805) 517-6261. All meals are served with whole grain bread, green salad, yogurt, cottage cheese or cheese stick, fruit and low-fat milk. Here is this week’s menu: 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgWilliam James McElwaineA man who glued the locks of dozens of cars and homes has appeared in court to pay compensation to his victims.William James McElwaine, 28, appeared at Letterkenny District Court in Co Donegal to pay another €300 to his victims. McElwaine faces a total of 29 charges of criminal damage on at least ten different occasions between September 2012 and May 2013.His arrest follows a spate of glue attacks on property which left more than €4,000 worth of damage to the homes of young families and pensioners.The court was told that McElwaine, of Earlsfort, Buncrana, has paid a total of €1,700 to compensate his victims.Pensioners and young families at Ballymacool Terrace in Letterkenny were locked out of their homes when their front doors were super-glued.A series of other attacks then occurred at various locations across the town.Such was the high number of incidents that a local locksmith even offered a special dal to those targeted to have their locks replaced.Solicitor Frank Dorrian said his client continued to gather the money to compensate his victims.He also asked for a psychiatric report on his client.Judge Paul Kelly adjourned the case until May 21st to allow for further payments to be made.GLUE BANDIT TO PAY MORE THAN €4,000 IN COMPENSATION was last modified: February 19th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more


first_imgDONEGAL’S greatest sporting hero has admitted he’s out of a job and looking for work.Packie Bonner has just been released from his six figure salary with the Football Association of Ireland and admits he will consider any suitable job offer.Last night Packie, 50, admitted “I’m in limbo at the moment. There’s nothing happening at the minute. If something comes up, I’ll consider it. I’m wide open to anything. “I have huge experience and a huge amount of knowledge and I’ll see what comes up.”The big Keadue man turned down the chance of a lesser-paid ‘meet and greet’ role with the FAI after they refused to renew his goalkeeping coaching contract.Bonner had been on a salary of more than €200,000 as a technical director for the past number of years.But sweeping changes at FAI headquarters saw a number of roles axed by management led by FAI boss John Delaney. The former Celtic and Republic of Ireland goalkeeper says he is now just enjoying a bit of time with his family at his Glasgow home.“It’s good to spend a bit of time with my family, too, to get back to some sort of normality and family life,” he said.Although he has been approached in the past to stand as an MEP for Fianna Fail, it’s believed Bonner has turned down another approach to stand in the forthcoming general election.A source close to Fianna Fail confirmed he had been sounded out but was not interested.“Packie would stand a very good chance of being elected because not only is he a sporting hero, he’s a good guy as well. “He had been approached before and was sounded out a few months ago but it is understood he hadn’t changed his mind. Obviously he would be an asset to any political party,” said the insider.EndsPACKIE BONNER: I’M OUT OF A JOB AND LOOKING FOR WORK was last modified: January 24th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

‘Welcome’ sign to get makeover

first_imgSIMI VALLEY – The charred “Welcome to Simi Valley” sign greeting visitors along the freeway as they drive into the community will soon get a new, flashier look. The 30-foot-by-12-foot sign near the Rocky Peak Road exit on the Ronald Reagan Freeway was scorched in the Topanga Fire, which blackened more than 24,000 acres along the Los Angeles-Ventura county line. Now members of the three local Rotary clubs and city officials are partnering up to create a bigger and better sign measuring 42 feet wide and 15 feet tall. “We love being able to welcome people into our community,” said Jim Lowry, past Rotary club president and a member of the sign committee. “We’re also dedicated to doing something that’s high quality and will set the stage of what Simi Valley is to visitors.” The gateway sign at the city’s eastern end was built 10 years ago on a chain-link fence background with letters made of wood and covered in fiberglass. The face-lift is expected to cost roughly $100,000. Visitors entering the city boundaries will soon see sandstone monuments, backlit by solar energy, and surrounded by two 30-foot flagpoles that will be illuminated at night – a sign that supporters say better reflects this community of 120,000 residents, home of the Ronald Reagan Library and a new regional mall. The new welcome sign should be erected by March, Lowry said, and commemorates Rotary International’s centennial anniversary. Officials hope to raise the funds through grants and fundraising efforts. Simi Valley Councilman Glen Becerra said the joint venture – the city provided the architecture – works well for everyone. “That’s a sign that tells you you’ve entered Simi Valley. I believe that needs to be done in a high-quality way.” Angie Valencia-Martinez, (805) 583-7604 AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgThe St Eunan’s College players back at the school this eveningST EUNAN’S COLLEGE boys returned in triumph to Letterkenny today after winning the MacLarnon Cup after an epic final battle with Coláistí Inis Eoghain.The Letterkenny school took the Ulster trophy on a two-point margin.St Eunan’s GAA club contingent in the teamMan of the Match Conal Boyle and Captain Conor O’Donnell  PICTURE SPECIAL: ST EUNAN’S BOYS BRING MacLARNON CUP BACK TO LETTERKENNY was last modified: March 17th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:letterkennyMacLarnon Cup Winners 2014St.Eunan’s Collegelast_img read more