Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity

The inauguration of a new presidential administration in Colombia for 2014 to 2018 is the occasion for a new set of policy notes, in which the World Bank provides the incoming administration with a selective diagnostic of current challenges. It independently recommends policies that it deems appropr...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	rural economy disaster risk management environmental sustainability cities infrastructure financial services innovation empowering people social protection decentralization agriculture and rural development transportation infrastructure public finances subnational governance
Online Access:	http://documents.worldbank.org/curated/en/2014/09/23067663/towards-sustainable-peace-poverty-eradication-shared-prosperity http://hdl.handle.net/10986/21037

id	okr-10986-21037
recordtype	oai_dc
spelling	okr-10986-210372021-04-23T14:04:00Z Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity World Bank rural economy disaster risk management environmental sustainability cities infrastructure financial services innovation empowering people social protection decentralization agriculture and rural development transportation infrastructure public finances subnational governance The inauguration of a new presidential administration in Colombia for 2014 to 2018 is the occasion for a new set of policy notes, in which the World Bank provides the incoming administration with a selective diagnostic of current challenges. It independently recommends policies that it deems appropriate to the nation's development process. Colombia's recent progress necessarily demands a new focus on more sophisticated solutions to new questions and to intractable old problems. Three development objectives - sustainable peace, poverty eradication, and shared prosperity - seem within realistic reach for the first time in Colombia history. The three development objectives and the proposed policies to achieve them in nine areas are discussed at length. The nine areas targeted are: 1) rural development; 2) urban development; 3) disaster risk management; 4) environmental sustainability; 5) infrastructure; 6) financial markets; 7) innovation; 8) social protection; and 9) subnational governments. In the past decade the Government has made strenuous efforts to reduce violence and increase state presence, and the country is no longer considered high risk for investment. The note uses international evidence to identify three main transitions Colombia society must undergo to build sustainable peace, including security transition, development transition, and political transition. It also analyzes on a granular level Colombia's poverty and inequality trends over the past decade, most notable of which is the decline of the multidimensional poverty rate. While people may escape poverty, they still remain close to the poverty line and are prone to fall back under it if macroeconomic conditions worsen. Thus, major macroeconomic risks are discussed, as are the environmental risks that put the country in a vulnerable state. A close look is also taken at Colombia's long-term economic growth, which is reportedly uneven across productivity gains and largely influenced by labor reallocations. Achievement of the development objectives can be feasibly advanced through a set of policies. 2014-12-30T21:41:10Z 2014-12-30T21:41:10Z 2014-09-29 http://documents.worldbank.org/curated/en/2014/09/23067663/towards-sustainable-peace-poverty-eradication-shared-prosperity http://hdl.handle.net/10986/21037 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	rural economy disaster risk management environmental sustainability cities infrastructure financial services innovation empowering people social protection decentralization agriculture and rural development transportation infrastructure public finances subnational governance
spellingShingle	rural economy disaster risk management environmental sustainability cities infrastructure financial services innovation empowering people social protection decentralization agriculture and rural development transportation infrastructure public finances subnational governance World Bank Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity
geographic_facet	Latin America & Caribbean Colombia
description	The inauguration of a new presidential administration in Colombia for 2014 to 2018 is the occasion for a new set of policy notes, in which the World Bank provides the incoming administration with a selective diagnostic of current challenges. It independently recommends policies that it deems appropriate to the nation's development process. Colombia's recent progress necessarily demands a new focus on more sophisticated solutions to new questions and to intractable old problems. Three development objectives - sustainable peace, poverty eradication, and shared prosperity - seem within realistic reach for the first time in Colombia history. The three development objectives and the proposed policies to achieve them in nine areas are discussed at length. The nine areas targeted are: 1) rural development; 2) urban development; 3) disaster risk management; 4) environmental sustainability; 5) infrastructure; 6) financial markets; 7) innovation; 8) social protection; and 9) subnational governments. In the past decade the Government has made strenuous efforts to reduce violence and increase state presence, and the country is no longer considered high risk for investment. The note uses international evidence to identify three main transitions Colombia society must undergo to build sustainable peace, including security transition, development transition, and political transition. It also analyzes on a granular level Colombia's poverty and inequality trends over the past decade, most notable of which is the decline of the multidimensional poverty rate. While people may escape poverty, they still remain close to the poverty line and are prone to fall back under it if macroeconomic conditions worsen. Thus, major macroeconomic risks are discussed, as are the environmental risks that put the country in a vulnerable state. A close look is also taken at Colombia's long-term economic growth, which is reportedly uneven across productivity gains and largely influenced by labor reallocations. Achievement of the development objectives can be feasibly advanced through a set of policies.
format	Economic & Sector Work :: Policy Note
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity
title_short	Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity
title_full	Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity
title_fullStr	Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity
title_full_unstemmed	Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity
title_sort	towards sustainable peace, poverty eradication, and shared prosperity
publisher	Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/09/23067663/towards-sustainable-peace-poverty-eradication-shared-prosperity http://hdl.handle.net/10986/21037
_version_	1764447581852663808

Towards Sustainable Peace, Poverty Eradication, and Shared Prosperity

Similar Items