Making remittances work : balancing financial integrity and inclusion

June 6, 2014

The September 11, 2001, terrorist attacks on the United States exposed the use of remittance channels for financing terrorism. Acting on this, the international community, through the financial action task force (FATF), issued first international standard to require the licensing or registration of money transfer businesses (MTBs) and to make them subject to anti-money laundering and combating the financing of terrorism (AML and CFT) requirements. This study aims to assess current practices, draw lessons learned, and assist policy makers in designing an effective regulatory and supervisory...

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Livestock data in the United States : how is it collected?

May 22, 2014

Yet 60 years later, livestock survey data is regularly and extensively used in the United States (U.S.) by various stakeholders to formulate agricultural policies, monitor programs, observe, develop new programs and services, and evaluate industry performance. Farm survey data is integrated with trade statistics, industry-based slaughter statistics and other related data, to provide an up-to date picture of the industry. The U.S. Department of Agriculture National Agricultural Statistics Service (NASS), supported by an annual budget of about U.S. 159 million dollars, is the entity which...

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Urbanization as opportunity

May 20, 2014

Urbanization deserves urgent attention from policy makers, academics, entrepreneurs, and social reformers of all stripes. Nothing else will create as many opportunities for social and economic progress. The urbanization project began roughly 1,000 years after the transition from the Pleistocene to the milder and more stable Holocene interglacial. In 2010, the urban population in developing countries stood at 2.5 billion. The developing world can accommodate the urban population growth and declining urban density in many ways. The most important citywide projects -- successes like New York...

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Analyzing urban systems : have megacities become too large ?

May 20, 2014

The trend toward ever greater urbanization continues unabated across the globe. According to the United Nations, by 2025 closes to 5 billion people will live in urban areas. Many cities, especially in the developing world, are set to explode in size. Over the next decade and a half, Lagos is expected to increase its population 50 percent, to nearly 16 million. Naturally, there is an active debate on whether restricting the growth of megacities is desirable and whether doing so can make residents of those cities and their countries better off. When analyzing whether megacities have become...

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The rising strategic risks of cyberattacks

May 1, 2014
Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.

Grow fast or die slow

April 29, 2014
Software and online-services companies can quickly become billion-dollar giants, but the recipe for sustained growth remains elusive.

Richard Edelman on how leaders can regain the public’s trust

April 28, 2014
Trust in public institutions is at record lows—yet people want greater regulation of many industries. According to Edelman president and CEO Richard Edelman, that’s because business leaders must do more to earn the public’s respect.