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Science & Innovation Policy: Finance

Key Documents

Practical guidance

Displaying 1-3 of 3 key documents

Inclusive Wealth Report 2012: Measuring progress toward sustainability

Source: The International Human Dimensions Programme on Global Environmental Change (IHDP) | June 2012

This report presents a new index, which could become an alternative to gross domestic product (GDP) and the Human Development Index as a means of assessing a country's economic development. The Inclusive Wealth Index (IWI) measures nations' wealth by taking into account natural resources and ecological conditions, and a long-term view on wellbeing and sustainability.

The IWI was applied to 20 countries — representing over half the world's population and three quarters of global GDP — revealing changes in inclusive wealth between 1990 and 2008. The report found that an accurate representation of development depends on accounting for factors such as population change, the effect of global variables, and the price of natural or social capital. It recommends that governments integrate the IWI into planning, development and economic policies; protect their natural capital; and establish research initiatives to help evaluate natural capital components.

The report will be published every two years, offering policymakers practical frameworks and encouraging more holistic approaches to economic development assessments.

Zap It to Me: The Short-Term Impacts of a Mobile Cash Transfer Program

Source: Center for Global Development | September 2011

This report presents findings from the first randomised evaluation of a cash transfer programme delivered using mobile phones. The study investigated the effect of mobile phone technology on monthly cash transfers to households in Niger that were affected by a severe drought.  

Villages that received cash in this way, known as 'zap', saw benefits such as reduced costs of receiving cash, more diverse purchases and diets, and more types of crops. This, suggest the authors, is down to the zap mechanism encouraging different decision-making in the household, as well as due to lower costs and greater privacy.

They conclude that mobile transfers are a cost-effective way of transferring cash to remote rural populations, especially those with limited road and financial infrastructure, but caution that more research is needed on broader effects on the welfare of these populations.

Promoting the Growth and Development of Smallholder Seed Enterprises for Food Security Crops: Best practices and options for decision making

Source: Food and Agriculture Organization (FAO) | March 2011

This policy guide, published by the UN Food and Agriculture Organization, lays out the key requirements for developing effective and efficient smallholder seed enterprises, and how the process can be supported through policy. It argues that the best way to ensure production and distribution of quality seed in developing countries may be to support smallholder seed enterprises, but this approach can only succeed if the right policies and capacities are in place.

The report gives an overview of each stage of the evolution of the seed sector and possible interventions, as well as priority activities for policy support at each stage. These may include national policies to encourage linkages between research, quality control and financial systems that can support local smallholders in taking over seed production from the public sector. It outlines specific requirements for the establishment and sustainable operation of smallholder seed enterprises.