Sri Mulyani Indrawati
Sri Mulyani Indrawati
Sri Mulyani Indrawatiis an Indonesian economist who has been Minister of Finance of Indonesia since 2016; previously she served in the same post from 2005 to 2010. In June 2010 she was appointed as Managing Director of the World Bank Group and resigned as Minister of Finance. On July 27, 2016, Sri Mulyani was reappointed as Minister of Finance in a cabinet reshuffle by President Joko Widodo, replacing Bambang Permadi Soemantri Brodjonegoro...
NationalityIndonesian
ProfessionEconomist
Date of Birth26 August 1962
CountryIndonesia
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Urbanization has relied on land conversion and land financing, which is causing urban sprawl and, on occasion, ghost towns and waste.
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Infrastructure alone won't end poverty. The World Bank had to learn this lesson, too. While we believed too much in bricks and mortar in our early days, we now understand that bringing together funding, technical expertise, and tested knowledge goes much further.
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In many countries, laws still work to women's disadvantage - for example, by requiring married women to obtain their husbands' permission to register a business, own property, or work.
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If managed well, urbanization can create enormous opportunities: allowing innovation and new ideas to emerge, saving energy, land and natural resources, managing climate and the risk of disasters.
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Women are often paid far less than men, while they also perform most of the world's unpaid care work.
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Do what is best for most people, not just a few. Prevent your elites and growing middle class, those who often benefit most from growth and development, from turning into a special interests group that blocks reforms.
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Between 1995 and 2009, Western Europe's entrepreneurs created jobs faster than the U.S. did, and European economies exported more than the BRIC countries of Brazil, Russia, India and China. Eastern Europe's productivity increased more rapidly than East Asia's.
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At the World Bank, we are already working with our clients in developing countries to improve their governance systems, collect taxes, fight corruption, and recover stolen assets.
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Conflicting legislation and regulations, overlapping mandates, unwillingness to enforce land use, elite capture, entrenched attitudes, and lack of incentives to influence behavior are rife in many resource-rich countries.
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Asia can learn much from Europe. Trade could be made easier in Asia, and the conditions for doing business could be improved by reducing red tape. In this regard, Hong Kong, Singapore and South Korea have done better than the best in Europe.
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Sometimes our definitions fall short. Take, for example, the way we view income and labor. It simply doesn't cover enough of the work that women, and in particular poor women, are doing - especially in their own households and the vast 'informal' economy in which most of the world's poorest people work.
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Revolutions and their aftermaths, of course, are always fluid and fickle times, and the outcome is often perched on a knife's edge.
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New leaders must also expect and manage setbacks. In post-revolutionary times, expectations are high, and the obstacles to meeting them are enormous.
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It is rarely the quick fix that goes the farthest. So don't get tempted by political cycles and the lure of electoral wins.