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.
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.
Reliable numbers about the amount of dirty money around the world are difficult to come by. But according to an estimate by the nonprofit Global Financial Integrity group, $1 trillion vanishes from the developing world's economies every year.
Accounting for the unpaid care economy can drive progressive policies such as paid family leave, social security credits for early childcare, tax credits, and quality early childhood education.
Women are often paid far less than men, while they also perform most of the world's unpaid care work.
Economic success without accountability and social inclusion is not sustainable, and new governments often must face tough choices in order to protect the poor and vulnerable.
