Reports & Indices Current Affairs - 2019
Category Wise PDF Compilations available at This Link
The World Bank-ILO report titled Exports to Jobs: Boosting the Gains from Trade in South Asia has been released. The report studies the effect on local employment and wages of changes in exports by combining disaggregated data from household-level or worker-level surveys with trade data from India and Sri Lanka.
Key Observations made in the Report
- Increasing exports together with leading to better jobs and higher wages in India will generate more formal sector employment for youth and women.
- Increasing exports would boost average wages and the biggest beneficiaries of this wage gain would be the high-skilled, urban, more experienced, and mainly male workers.
- For low-skilled workers, there would be an increase in formal jobs.
- Exports can improve the performance of local labour markets. Hence labour market policies must aid different groups of workers to acquire the right skills and ensure that the gains of increased exports are shared more broadly across society.
India and Boosting Exports
- India’s growth rate of 7.2 per cent in 2017 reduced the number of people living in poverty.
- Even then, most Indians doesn’t have regular jobs in the formal economy and differences in wages across regions and in the quality of employment opportunities prevail.
- India’s trade has been reduced from 55.8 per cent in 2012 to 41.1 per cent of the Gross Domestic Product between in 2017.
- Indian exports which are mainly capital intensive like chemicals and fabricated metals reduces the direct benefits to workers.
- The report notes that India can ensure that greater export orientation can boost workers’ gains from trade and spread them more widely, so benefiting disadvantaged groups.
The report also concludes that more exports can create benefits for workers by raising wages and reducing informality and this requires stronger policies to ensure these benefits reach everyone in the labour market and don’t leave any groups behind.
The Transparency International’s Corruption Perception Index make the following observations:
- Denmark is the world least corrupt country scoring 88 out of 100 points. Denmark is followed by New Zealand and Finland.
- Somalia has been ranked last with a score of 10 behind South Sudan and Syria.
- More than two-thirds of evaluated countries scored below 50 points, while the average score remained at last year’s level of only 43 points.
- Estonia, Cote d’Ivoire, Senegal and Guyana demonstrated most improvements since 2012.
- The 2018 rankings showed an increase in the perceived corruption in Australia, Chile and Malta.
- For the first time since the United States dropped out of the top 20 and it was ranked at 22nd rank.
- Along with Brazil, US was placed in the watch list by Transparency International.
Top and Bottom Countries
Region Wise Performance
The report highlights a connection between healthy democracies and successfully fighting corruption in the public sector and notes that corruption is much more likely to flourish where democratic foundations are weak.
Tags: Australia • Brazil • Chile • Corruption Perception Index 2018 • Cote d'Ivoire • Denmark • Estonia • Finland • Guyana • Malta • New Zealand • Senegal • Somalia • South Sudan • Syria • Transparency International • US