David South Consulting

Tag: Global South

  • Tourist Passion for Quirky Holidays Helps South

    Tourist Passion for Quirky Holidays Helps South

    By David South, Development Challenges, South-South Solutions

    SOUTH-SOUTH CASE STUDY

    Conventional thinking holds that any country with a poor or non-existent reputation in the international media will not attract tourists. But this conventional thinking is wrong: The hottest tourist trend for 2009 is directly benefiting the South’s more out-of-the-way and under-appreciated countries. So says a travel expert who specializes in overlooked travel destinations.

    Prior to the economic downturn, tourism accounted for more than 10 percent of global GDP and 8 percent of total employment worldwide. It grew by 6 percent in 2007, according to the UN World Tourism Organization. Tourism in the Asia-Pacific region grew by 10 percent and Africa by 8 percent.

    But it has since declined by 8 percent between January and April of 2009 compared to the same period in 2008. Destinations worldwide recorded a total of 247 million international tourist arrivals in those four months, down from 269 million in 2008 (UNWTO World Tourism Barometer).

    This means competition is heating up for tourists. Well-travelled tourists are now looking for out-of-the-way places and places far off the beaten track. They want to be unique and have a tale to tell when they get home.

    Tony Wheeler, author of the book Bad Lands: A Tourist on the Axis of Evil and co-founder of the Lonely Planet travel guides, said “Lots of tourists want to be the first through the door.”

    During the Fitur Travel Fair in Madrid in January 2009, Myanmar (formerly Burma) appeared for the first time. Europe’s biggest travel fair also saw Zimbabwe, the Palestinian territories and Iran chasing travellers to come and see the sights.

    Wheeler told Britain’s Daily Telegraph newspaper that, ironically, the more negative reports in the media a country gets, the more this new breed of tourist want to visit and find out the truth.

    And his travel experiences have taught him, for example, the Burmese people do not believe in isolation and boycotts, as he wrote in the Guardian.

    “Over the three decades since my first visit, tourism has grown from 20,000 tourists a year to more than 100,000.”
    “Cutting the country off from the rest of the world isn’t going to help. We recently received a letter from one of our Burma authors saying the psychological damage of being isolated can be as bad as the economic damage.”

    North Korea – which was labelled part of the “axis of evil” by President George W. Bush – saw its foreign tourist numbers rise to 4,500 in 2008 from just 600 in 2001.

    Ross Kennedy of Africa Albida Tourism, which operates safari lodges in Zimbabwe, said bad headlines hurt but presenting an alternative view can reverse apprehension and lure tourists to come.

    The lodges saw a 4 percent rise in visitors in 2008 in spite of chaotic elections in Zimbabwe that drew negative press.

    “You certainly can’t write off an entire destination because of the choices or behaviour of a few individuals,” Kennedy told the Telegraph.

    Tourism is now generally recognized to be one of the largest industries in the world, if not the largest. It has grown rapidly and almost continuously over the past 20 years, and is now one of the world’s most significant sources of employment and of Gross Domestic Product (GDP). Tourism particularly benefits the economies of developing countries, where most of the sector’s new tourism jobs and businesses are being created.

    Tourism, because it is a labor-intensive industry, is seen as a great way both to reduce poverty and to meet all the Millennium Development Goals. It favours small-scale businesses, it is decentralized and can diversify regional economies, it is relatively non-polluting and can contribute to the conservation and promotion of natural and cultural heritage, and most importantly it can act as a catalyst for kick-starting other sectors of the economy.

    In Iran, the Laleh Kandovan International Rocky Hotel, located in the province of East Azerbaijan in the north-west of the country, has been luring in tourists with the villages’ cave homes. Located in the village of Kandovan, where residents speak a Turkish dialect, the homes look like craggy sandcastles with holes in them; around 700 people live in the hollowed out rocks.

    Prior to the hotel opening, it was only possible to visit for a day and the locals, who make their money harvesting fruit and walnuts, were suspicious of outsiders.

    Kandovan means “Land of the Unknown Carvers”. An added attraction to visiting Kandovan is the mystery surrounding the houses. No one knows how long people have been there or when the homes were carved out of the rock. Others claim it is the biblical land of Nod, where Cain was left to wander after murdering his brother Abel.

    The hotel occupies a hillside of caves and has a large restaurant and rooms that blend traditional décor like Persian rugs with modernist touches like recessed lighting. The rooms offer under-floor heating and some even have whirlpool baths. The hotel currently has 10 rooms, but plans to expand to 30.

    Published: July 2009

    Resources

    United Nations World Tourism Organization (UNWTO). Website: www.unwto.org

    Magic Carpet Travel: It specializes in trips to Iran and bookings for the Laleh Kandovan International Rocky Hotel. Website: www.magic-carpet-travel.com

    African Travel and Tourism Association: ATTA creates the platform for buyers across Europe to meet suppliers of African tourism products at networking events, trade shows and through its links with the media. Website: www.atta.co.uk

    Planeta: One of the first ecotourism resources to go online (since 1994) and still offers plenty of information for those wanting to start a business. Website: www.planeta.com

    Off The Beaten Track Travel Magazine: Off The Beaten Track is a site for the traveller who avoids the beaten path of mass tourism. Website: www.off-the-beaten-track.net

    World Tourism Cities: Developing Tourism Off the Beaten Track, edited by Robert Maitland and Peter Newman, Publisher: Routledge. Website: www.amazon.com

    https://davidsouthconsulting.org/2022/10/20/african-tourism-leads-the-world-and-brings-new-opportunities/

    https://davidsouthconsulting.org/2022/10/20/africas-tourism-sector-can-learn-from-asian-experience/

    https://davidsouthconsulting.org/2022/02/07/boosting-tourism-in-india-with-surfing-culture/

    https://davidsouthconsulting.org/2022/09/27/caribbean-island-st-kitts-goes-green-for-tourism/

    https://davidsouthconsulting.org/2022/11/20/ecotourism-to-heal-the-scars-of-the-past/

    https://davidsouthconsulting.org/2022/11/23/kenyan-safari-begins-minutes-from-airport/

    https://davidsouthconsulting.org/2022/10/10/a-solution-to-stop-garbage-destroying-tourism/

    https://davidsouthconsulting.org/2021/03/05/southern-innovator-issue-2/

    Development Challenges, South-South Solutions was launched as an e-newsletter in 2006 by UNDP’s South-South Cooperation Unit (now the United Nations Office for South-South Cooperation) based in New York, USA. It led on profiling the rise of the global South as an economic powerhouse and was one of the first regular publications to champion the global South’s innovators, entrepreneurs, and pioneers. It tracked the key trends that are now so profoundly reshaping how development is seen and done. This includes the rapid take-up of mobile phones and information technology in the global South (as profiled in the first issue of magazine Southern Innovator), the move to becoming a majority urban world, a growing global innovator culture, and the plethora of solutions being developed in the global South to tackle its problems and improve living conditions and boost human development. The success of the e-newsletter led to the launch of the magazine Southern Innovator. 

    Creative Commons License

    This work is licensed under a
    Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

    ORCID iD: https://orcid.org/0000-0001-5311-1052.

    © David South Consulting 2023

  • Bolivia Grabs World Media Attention with Salt Hotel

    Bolivia Grabs World Media Attention with Salt Hotel

    By David South, Development Challenges, South-South Solutions

    SOUTH-SOUTH CASE STUDY

    Tourism is a great way to attract foreign currency to a country and build local economies, especially in remote or isolated places. But the catch is finding a way to get people to go the distance and come and visit and spend their money.

    In a global South twist on the well-known Ice Hotel in Sweden(www.icehotel.com) – a hotel entirely built out of ice – enterprising Bolivians have built a hotel out of salt.

    A Bolivian hotel in the middle of the world’s largest salt flats has found a clever way to attract tourists to this remote holiday destination: build the hotel entirely out of salt, right down to its furniture.

    The South American nation is one of the poorest inLatin America, and its income distribution is among the region’s most unequal. Bringing in foreign currency and attracting more tourists can help to reduce this poverty. According to the World Travel and Tourism Council, travel and tourism will contribute 2 percent to the country’s gross domestic product (GDP) in 2011. Around 75,000 jobs are directly dependent on the tourism business in the country and this is projected to rise to 96,000 jobs by 2021.

    And it is a good business to be involved in: “Travel and tourism is one of the world’s great industries, providing 9 percent of global GDP and 260 million jobs; it drives economic growth, business relationships and social mobility,” according to David Scowsill, President and CEO of the World Travel and Tourism Council.

    The Hotel de Sal Cristal (http://www.hosteldesal.com/?L=2), near Colchani, hosts guests who come to visit the salt flats of Salar de Uyuni (http://en.wikipedia.org/wiki/Salar_de_Uyuni). They are believed to store 50 to 70 percent of the world’s lithium supplies and an economic boom has started in the area. The striking and blinding white salt flats were featured in the James Bond film “Quantum of Solace.”

    The hotel’s unique construction from rock-hard salt hewn from the salt flats is working to encourage tourists to stay longer in the area during their holiday. Before, they would just take a quick excursion on to the salt flats before moving on to their next destination.

    The Hotel de Sal Cristal is built using blocks of salt cut from the surrounding flats. The architectural design is inspired by the ancient Chinese balancing philosophy of Feng Shui (http://en.wikipedia.org/wiki/Feng_shui). Following the principles of the philosophy, it faces the sun and balances both masculine and feminine energies. Shaped like three coca leaves, the feminine side, this balances with the more masculine side reflected in the salt flats, the hotel’s website claims.

    The hotel has 27 rooms with hot water and heating. – and beds made of salt. In the dining room, people can sit on chairs made of salt and eat at salt tables. The rooms are wall-to-wall salt, bright and white.

    The hotel’s pool is surrounded by sand-like salt.

    The hotel’s ‘Resto-Bar’ offers views of the salt flats and promises it will “allow the cosmic energy…” to flow freely.

    The menu offers llama meat and risotto of quinoa (http://en.wikipedia.org/wiki/Quinoa) alongside traditional Bolivian dishes, salads and soups and Bolivian-themed treats.

    The hotel has an ‘astronomic observatory’ for star gazing, making the most of the low level of light pollution on the flats.

    One of the hotel’s tour guides, Pedro Pablo Michel Rocha from Hidalgo Tours (http://www.salardeuyuni.net/), told the Daily Mail newspaper: “I love it when visitors come to this place for the first time.

    “They can’t get over the fact that everything is made out of salt and I’ve even seen a few people lick the furniture to make sure!

    “It is a wonderful experience to come somewhere like this where they’ve used the natural materials available to create something like a hotel.”

    The salt flats, formed from prehistoric lakes, have a salt crust hard-baked by the sun with a pool of salty water underneath which is rich in the rare element lithium. Lithium (http://en.wikipedia.org/wiki/Lithium) is sought-after for its use in things like re-chargeable batteries for mobile phones, computers and electric cars.

    The area’s economy has boomed since 3.4 million tons of lithium – believed to be half the world’s supply – was discovered underneath the salt flats.

    The power of tourism to alleviate poverty has been documented by Caroline Ashley, co-author of Tourism and Poverty Reduction: Pathways to Prosperity (http://www.earthscan.co.uk/?TabId=92842&v=497073), after extensive research on tourism’s impact on poverty in countries across Africa andAsia.

    She argues that “tourism can fight poverty.”

    “Note, we say ‘can’, not that it always does. The share of spending by tourists within a destination that reaches poor people can vary from less than 10 percent to a high of 30 percent,” Ashley told BusinessFightsPoverty (http://www.businessfightspoverty.org).

    “When it works, international tourism is actually a very good way of channelling resources from rich to poor. In destinations as diverse as hiking on Mount Kilimanjaro in Tanzania, business tourism in Vietnam and cultural tourism in Ethiopia, between one quarter and one third of all in-country tourist spending accrues to poor households in and around the destination.”    

    Ashley said a successful tourism strategy needs to focus on “the 4Ps: pay, procurement, persuasion and partnership.”

    “Pay a living wage to local employees; take a hard look at procurement and potential to source locally … persuade – or at least inform – your clients how to take up opportunities to spend in the local economy…” and build a partnership with government to integrate tourism into the local economy.

    And it looks like the hotel can’t get more connected to the local economy than being made of the very salt that surrounds it.

    Published: November 2011

    Resources

    1) The Global Summit: World Travel and Tourism Council: Taking place in Tokyo/Sendai from 16-19 April 2012. Website: http://www.wttc.org

    2) A website packed with resources for planning a trip to Bolivia. Website: http://www.boliviacontact.com/turismo/

    3) The Intercontinental Hotels Group has an interactive website showing the many ways hotels can become sustainable. Website: http://innovation.ihgplc.com/

    4) Hotel designs: A website for interior designers, architects and hoteliers. Website: http://www.hoteldesigns.net/home.php

    https://davidsouthconsulting.org/2022/10/20/african-tourism-leads-the-world-and-brings-new-opportunities/

    https://davidsouthconsulting.org/2022/10/20/africas-tourism-sector-can-learn-from-asian-experience/

    https://davidsouthconsulting.org/2022/02/07/boosting-tourism-in-india-with-surfing-culture/

    https://davidsouthconsulting.org/2022/09/27/caribbean-island-st-kitts-goes-green-for-tourism/

    https://davidsouthconsulting.org/2022/11/20/ecotourism-to-heal-the-scars-of-the-past/

    https://davidsouthconsulting.org/2022/11/21/from-warriors-to-tour-guides/

    https://davidsouthconsulting.org/2022/11/23/kenyan-safari-begins-minutes-from-airport/

    https://davidsouthconsulting.org/2022/10/10/a-solution-to-stop-garbage-destroying-tourism/

    https://davidsouthconsulting.org/2021/03/05/southern-innovator-issue-2/

    https://davidsouthconsulting.org/2021/03/05/southern-innovator-issue-5/

    Development Challenges, South-South Solutions was launched as an e-newsletter in 2006 by UNDP’s South-South Cooperation Unit (now the United Nations Office for South-South Cooperation) based in New York, USA. It led on profiling the rise of the global South as an economic powerhouse and was one of the first regular publications to champion the global South’s innovators, entrepreneurs, and pioneers. It tracked the key trends that are now so profoundly reshaping how development is seen and done. This includes the rapid take-up of mobile phones and information technology in the global South (as profiled in the first issue of magazine Southern Innovator), the move to becoming a majority urban world, a growing global innovator culture, and the plethora of solutions being developed in the global South to tackle its problems and improve living conditions and boost human development. The success of the e-newsletter led to the launch of the magazine Southern Innovator. 

    Creative Commons License

    This work is licensed under a
    Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

    ORCID iD: https://orcid.org/0000-0001-5311-1052.

    © David South Consulting 2023

  • Toilet Malls Make Going Better

    Toilet Malls Make Going Better

    By David South, Development Challenges, South-South Solutions

    SOUTH-SOUTH CASE STUDY

    Across the global South, clever entrepreneurs are transforming services that were bare-bones, grim and out-of-date into modern facilities packed with features that help to pay for their operation. In Kenya, an entrepreneur has used this approach to transform the poor quality of public toilets.

    Public sanitation is essential for good health and a high quality of life. Around the world, more than 2.6 billion people, or 41 percent of the world’s population, are without access to basic sanitation. As a result, most have to make do and defecate or urinate wherever they can. In crowded urban areas, the result is an unpleasant source of disease and filth that fouls living spaces and sickens or kills many people.

    Nairobi’s slums are notorious for so-called ‘flying toilets’ or ‘scud missiles’: plastic bags filled with excrement that act as the only toilet available for many. Half the population also has no access to clean water. It has been estimated these appalling conditions contribute to up to 50 percent of health problems for slum dwellers.

    The Iko Toilet started by David Kuria first came to life in Nairobi’s central business district.

    “What we saw in the last 10 years, the few public toilets that existed were in very poor shape,” he told CNN. “In fact they had been taken over by the street boys, and they were a point for mugging and drug trafficking. With that background we needed some sort of social transformation. For people to gain the confidence that you could have a public toilet which is clean which is safe and you can go in and come out the same way.”

    The solution was “toilet malls,” complete with a range of on-site micro businesses to make going to the public toilet attractive. Apart from music and radio to listen to, there is a shoe shining service, snack bars selling fruit and water, and even banking services. The idea is that the micro businesses pay for the upkeep and cleaning of the toilet. And their presence also keeps the toilets safe because there is always somebody around.

    While the concept was pioneered in the business district, it is now moving out into Nairobi’s slums. So far, Kuria has completed 12 toilets in Nairobi and has another 18 under development. He is also rolling out the toilets to other parts of the country. He receives the plots of land from local municipalities and his company, Ecotact, builds the toilets.

    It costs five Kenyan shillings (US .07 cents) to use the toilets.

    Kuria had become frustrated with the city council’s inability to provide clean and safe public toilets.

    “I thought for some time before coming up with the idea,” he told The Nation. “People had nowhere to go and thugs were holding them to ransom in the few facilities then run by the council.”

    Kuria said people are leaving good comments about the toilets and say it makes them proud to be Kenyan.

    The cost to build a toilet is Sh 2 million (US $26,000) and the toilet is managed by Kuria for five years. At the end of the contract, he will hand them over to the local council.

    “We are getting support from UNDP and other partners like East African Breweries, the Global Water International and the Rotary International,” he said.

    An architect by training, Kuria is hoping to employ more than 1,000 people by the end of this year. So far 120 people work for the Iko Toilets. Like so many others, he is also affected by chronic water shortages.

    “We are worried because when there is scarcity of water, we are forced to buy it at an additional cost,” he said.

    Private vendors currently provide the water for the toilet malls.

    Iko Toilets are so successful they have made it into the ‘Hall of Fame’ at the World Toilet Organization (http://www.worldtoilet.org/). Kuria was also winner of the World Economic Forum’s Africa Entrepreneur of the Year award earlier this year.

    And his ambitions extend beyond Kenya.

    “We also want to go to other countries. Uganda, Rwanda and South Africa have already approached me for Iko Toilets,” he said.

    Published: August 2009

    Resources

    1) World Toilet Organization: The global non-profit organization committed to improving toilet and sanitation conditions. Website: http://www.worldtoilet.org

    2) World Toilet College: Established in 2005, the World Toilet College (WTC) started as a social enterprise, with the belief that there is a need for an independent world body to ensure the best practices and standards in toilet design, cleanliness, and sanitation technologies are adopted and disseminated through training. Website: http://www.worldtoilet.org/ourwork3.asp

    3) Official website for the 2008 International Year of Sanitation. Website: http://esa.un.org/iys/

    4) Waste has expert knowledge on domestic solid and liquid waste management and sanitation issues. Its website offers a comparison of designs and methods for toilets. Website: http://www.ecosan.nl/page/353

    5) A set of photos on Flickr of the Iko toilets. Website: http://www.flickr.com/photos/wateradvocates/3306962447/

    Development Challenges, South-South Solutions was launched as an e-newsletter in 2006 by UNDP’s South-South Cooperation Unit (now the United Nations Office for South-South Cooperation) based in New York, USA. It led on profiling the rise of the global South as an economic powerhouse and was one of the first regular publications to champion the global South’s innovators, entrepreneurs, and pioneers. It tracked the key trends that are now so profoundly reshaping how development is seen and done. This includes the rapid take-up of mobile phones and information technology in the global South (as profiled in the first issue of magazine Southern Innovator), the move to becoming a majority urban world, a growing global innovator culture, and the plethora of solutions being developed in the global South to tackle its problems and improve living conditions and boost human development. The success of the e-newsletter led to the launch of the magazine Southern Innovator. 

    Creative Commons License

    This work is licensed under a
    Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

    ORCID iD: https://orcid.org/0000-0001-5311-1052.

    © David South Consulting 2023

  • Diaspora Bonds to Help Build up Infrastructure

    Diaspora Bonds to Help Build up Infrastructure

    By David South, Development Challenges, South-South Solutions

    SOUTH-SOUTH CASE STUDY

    Many people are aware of the significant role played in global development by remittance payments from migrant workers working in the wealthy North to the global South. But they may not be aware of the significant sums migrant workers have saved in bank accounts in these wealthy countries. Across the global South, efforts are underway to lure these sums back to home countries to boost development efforts.

    As the hard-earned money migrant workers save sits in bank accounts in wealthy Western countries earning very low interest rates – a consequence of the current global economic crisis – so-called “Diaspora Bonds” seek to offer a way to earn good interest returns and help build up home countries at the same time.

    The money can help developing countries build facilities they need but cannot afford: roads, bridges, railways, water supplies, power, sewerage, street lighting. It is a way to bypass dependence on foreign aid and borrowing from aid agencies or the general marketplace.

    US $501 billion in remittance payments was sent in 2011, of which US $372 billion went to developing countries, involving some 192 million migrants or 3 per cent of the world’s population (World Bank). On top of this, migrants from developing countries have saved an estimated US $400 billion – and these funds are being targeted by those selling diaspora bonds (The Economist).

    The idea is being promoted by the World Bank and draws on the successful experiences with bonds for Israel and India. Both countries have long histories of turning to diaspora communities to raise funds through bonds.

    The bonds work by playing on patriotism and the genuine desire of migrants to want to see conditions improve back home. As the thinking goes, patriotic investors are more likely to be patient. This is critical because many countries cannot offer rapid profits and a quick pay off – something sought by short-term investors obsessed with the ups and downs of the stock market. They are also sterner investors, less likely to run away when the going gets tough. Their local knowledge means they will not panic and pull their investments when bad news hits the headlines. And probably best of all, they don’t mind if the local currency declines in value – that just means they can pick up a local house on the cheap or buy a business for even less money.

    One business working in this area is Homestrings (homestrings.com): Motto “Come make a difference.” An Internet platform offering diaspora bonds, it is run by founder and chief executive officer Eric-Vincent Guichard. An American born to a Guinean father and American mother, he spent 20 years growing up in rural Guinea and knows the country well. He also heads up GRAVITAS Capital Advisors, Inc. (gravitascapital.com), founded in 1996, which advises governments on how to manage their assets. A graduate of HarvardBusinessSchool and a former World Bank scholar, he is based in Washington, D.C.

    According to its website, Homestrings works like this: “It all starts with your ability to scan through a catalog of projects, funds and public-private partnership opportunities that focus on regions you come from or that you care deeply about. Each of these projects and/or funds is detailed in a Fact Sheet that is set up to help you do the due diligence needed to make an investment decision. Then, Homestrings directs your investment into the selected project or fund, with the help of our administrator.”

    Investments are monitored on a monthly or quarterly basis and are selected for their socio-economic impact and investment profitability.

    The website has a personal “Dashboard” that allows investors to use the site to vote for or against investments and make comments. And Homestrings will promote the investments that receive the most support and positive comments.

    To make an investment, a potential investor selects a fund or project that matches their interest. They read the Fact Sheet and choose. The funds are then passed on to the investment bond and an interest percentage or dividend is paid at regular intervals. Investors can keep track of the investment through the personal Dashboard on the website.

    Fact Sheets are organized by geographical region, industry focus, and development theme. Investments “cover infrastructure, health care, education, transportation, and small and medium sized enterprise finance – all critical areas of economic growth.”

    The Homestrings Catalog of investments includes the governments of Kenya, Senegal, Ghana, Nigeria and also AFREN PLC, which is looking to finance oil and gas exploration off the coast of Nigeria.

    Dramatic improvements in global communications in the past five years have also made it much easier for everyone involved to stay in touch and for bond promoters to identify and target potential customers.

    The World Bank is currently advising countries on how to run diaspora bond schemes. Kenya, Nigeria and the Philippines have schemes in the works, according to The Economist.

    Ethiopia has announced the “Renaissance Dam Bond” (http://grandmillenniumdam.net/). Proceeds will be used to fund the construction of the Grand Renaissance Dam, the largest hydroelectric power plant in Africa, able to generate 5,250 megawatts. Ethiopia tried a similar scheme before with the Millennium Corporate Bond to raise funds for the Ethiopian Electric Power Corporation (EEPCO). This did not entirely meet expectations and sales were slow. Reasons given for this included a perception that EEPCO could not meet payment expectations when the hydroelectric power plant was operating. There was also a lack of trust in the government and its financial stability and the overall political risks.

    The second attempt at a bond is believed to better thought through. It comes with an aggressive marketing and awareness-raising campaign aimed at the diaspora, and it starts at US $50, making it more affordable for more people.  It can be used as collateral in Ethiopia – an advantage for those wanting to do business back in the home country.

    For potential investors, it is worth remembering that bonds are debts that are rewarded with regular interest payments and paid back at the end of the bond term. They are not risk-free and the risk can lie either in the sovereign solvency of the country or in the investment.

    The secret to a successful bond issue is to keep up good relations with the diaspora; countries that are too oppressive could find themselves short of people willing to take up the offer.

    Published: October 2012

    Resources

    1) Remittance Payments Worldwide: A website by the World Bank tracking remittance prices worldwide. Website:http://remittanceprices.worldbank.org/About-Us

    2) The World Bank blog on diaspora bonds. Website:http://blogs.worldbank.org/category/tags/diaspora-bond

    3) A critical perspective on diaspora bonds at Africa Unchained. Website:http://africaunchained.blogspot.co.uk/2012/03/are-diaspora-bonds-worth-risk.html

    Development Challenges, South-South Solutions was launched as an e-newsletter in 2006 by UNDP’s South-South Cooperation Unit (now the United Nations Office for South-South Cooperation) based in New York, USA. It led on profiling the rise of the global South as an economic powerhouse and was one of the first regular publications to champion the global South’s innovators, entrepreneurs, and pioneers. It tracked the key trends that are now so profoundly reshaping how development is seen and done. This includes the rapid take-up of mobile phones and information technology in the global South (as profiled in the first issue of magazine Southern Innovator), the move to becoming a majority urban world, a growing global innovator culture, and the plethora of solutions being developed in the global South to tackle its problems and improve living conditions and boost human development. The success of the e-newsletter led to the launch of the magazine Southern Innovator. 

    Creative Commons License

    This work is licensed under a
    Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

    ORCID iD: https://orcid.org/0000-0001-5311-1052.

    © David South Consulting 2022