Transcripts For DW Business 20240703

Multitasking diesel, modern. Because if we do too much, we paid it all wrong. We messed things up, risking brain damage. So lets stop this self sabotage, humans and multitasking watch. Now on youtube, v. W documentary, the she helped us understand the gender gap in the labor market. Now claudia golden has been awarded the nobel prize in economics and helps close and gender gap over the phone, as only the 3rd female laureate will hear from one of her former students. And the i m f and the world bank holding join to meeting in morocco. The sign of their increasing focus on africa will look at one of the projects based and investing in this is dw business. Im not easy now. Welcome to the show. So 2020 prize in economics has been awarded to it and us labor economist claudia golden. The harvard professor advanced the worlds understanding of womens progress in the late labor markets, golden cities, 200 years of womens participation in the workplace. Her Research Provides the 1st comprehensive account of gender gaps in the labor market throughout centuries. One of her key findings is that a womens participation in paid work did not increase definitely over time. But the gender gaps close for radically golden is only the 3rd woman to win the prize out of 93. 00 laureates. Android, now by simon the guy, hes an associate professor and economics at the Massachusetts Institute of technology, claudia golden. And i mean, you got worked together at harvard, simon, thank you so much for coming on the show. So thank you for having me. So i mean, if you would have to summarize claudio golden, single most impactful idea, how would you summarize it from yours . I think her biggest idea is to use the power of the economics theory and data to understand the pollution off womens participation in the labor market in particular in the us over the last 200 years and how influential have her ideas. Her work been for economics as a discipline, i basically enormously influential and so the awards im today is im originally richly deserved and she has won many awards in the past. And so if these im also here today, my capacity is im the head of i z a, a german Labor Economics Institute and we awarded her. Um our i see a price in different comics in 2016. So i think the profession as a whole have been expecting thats called the golden wood. At some point. We didnt know about price for her past breaking and trailblazing work. And i am. So its a very happy day for the labor economics community. The economic History Community and all those who are interested in one economic sense to contribute to the real world. Speaking about the real world, if we move outside of the economic discipline, how can her work be influential for everyday people . Concretely is mostly for work. Its and thats the beauty of study, your social science, like economics, its very concrete in terms of its applications for our everyday life. So she studies the reasons why women still do not participate to the same extent as men in the labor market. Why theyre still a persistent earnings gap between men and women. And so her work, you know, clarifies some misconceptions and clears up some misconceptions about why that is and shows us directions into what are the actual factors. But even today in 2023, in many of the many countries in the us also in europe and around the world, they are pretty large gaps. And part of her work shows that large gaps in they have a market participation. Earnings between men and women emerge after the 1st child is born. Thats when the trajectories into a way diverge between men and women. And um, she particularly shows the role that labor market flexibility. So the ability to work flexible hours or have, you know, some autonomy over one schedule or an important factor or the next there off the women to participate, not as much in the labor market in particular, once they are, if and when they have a ive had a child that was simon uga, mit economist the International Monetary fund and the world bank are currently holding their annual meeting in the moroccan capital, marrakech one of the most pressing issues will be providing economic support to countries with by Natural Disaster is a topic thats certainly front of mind for the host country as well. Rocco is struggling with a water crisis. The country has suffered 5 consecutive years of droughts. Now, cutting edge irrigation technologies are helping to reduce water waste loans, worth billions of dollars provided by the world bank are helping to fund the Technology Motor car has to deal with the fact that it has less and less for time to do color region in northwest is actually a rich and fat type a but the Climate Change has led to less rainfall. You know, culture, we used to use irrigation techniques based on water canals. Now the canals dont work anymore. As too much water is wasted, not with the help of modern navigation techniques like 3 per negation, almost none is waste. The boat bank initiated the project into the color region in 2009 with drip irrigation. The water slips into the saw him as close as possible to the roots of trucks. The project into color is worth the equivalent of some 158000000. 00. The farmers taking part in the project had to take out a low interest loan. Like, you know, more savvy. This technology is expensive, but its worth it because it gives us large holding production. When we still relying on tradition navigation, the beach field was 40 or 50 ton. And as ive to introducing drip irrigation, the yield reached a 100 to a 120 tons. Baxter, send me your sample box model co is one of many countries that rely on october should irrigation in the country is marked in blue between 20 and 50 per cent. Of farm land is irrigated. More than half of these areas in reds are irrigated, especially a nation worldwide, 20 percent of farm land is artificially irrigated. This plant produces 40 percent of the words forth to maintain Irrigation Technology in the middle east and north africa. 17000000000. 00 must be arise and huge costs. Now, thanks. The irrigation farmers are drawing other crops that use more water. This is meant with criticism, understands that i am shipping. I am not going to be, i give you the agricultural project to morocco need to be reconsidered in general. Less than that they have. The ela is that we can use up our basic Water Resources to row cross for x for me at this little out in like watermelon. And i have a condo, it, which are not stable foods leave. When i for the behavior, we need to grow the prompts that contribute to our forensic here right now. Well, because the middle east of north africa region is especially threatened by hunger due to view crane more close. Yeah, but how about going to visit him . Im the one that they go even with the drip irrigation agricultural remains, motor cars, biggest water consumer, bronze Water Supplies are becoming costs are. So modern Navigation Technology and the World Bank Project are only temporary to solutions for motor cars, farming, industrial besides the african continent, International Lenders will also focus on ukraine. The russian invasion has exacted a heavy total and the countrys economy and decimated the private sector. At least 5000000 jobs have been lost since the start of the war, according to the Ukrainian Ministry of the economy. The country now face has a 15 year set back in its Poverty Reduction goals. Reviving the ukrainian private sector has become one of the focuses of the International Finance corporation, which is an arm of the world bank and has allocated 2000000000. 00 to reconstructing ukrainian businesses. Im joined now by the managing director of the International Finance corporation marked r d up whos also at the annual meeting in marrakech at the moment. Thank you for joining us. Lets say you let me show you finding the how would you describe the current states of the private sector and ukraine . A yeah, so you can, i mean, you can, has been a rebounding. It increased by 3. 5 percent of this. Yep. And unless you like to leave your salary for a large 40, you be a to research and youd be contacted by close to searching for sunday. Got to be 29. 5 percent. Oh, that doesnt do a huge effect on the private sector, which was the effect you done to the no, no, no you create a lot of the us. They put a new was driven by a certain use. So i send me some particular yes. Like the size of the current situation. So thats why a lot of our focus on being just want to send me and to be sure that they get a financing to be able to go to you in point a good to be able to continue to pursue. That is that is adoption culture. Because the, the, the sector of ours, but also in the tech where we can just do a lot equity. Right. So you mentioned agriculture and tech here, which specific sectors are the most promising and ukraines economy going forward. Also looking at future developments because of the Economic Recovery Program of to begin to be in the beginning of the investors to come to to do you agree . So as i indicated we, we are investing very much, you know, in the, i can catch up in tank. But also the transport as you know, is that truck looks like that was a much affected by, by the pricey and the of the not hunting to keep the service. Just take a live easy. You great. So that because of the level of need which is needed, we are going to be pushing also for more 3 to 5 minutes. As you know, the companies in you create an access to the, to find a service, the doings of the crises, entry the whole. So we are heading them to assess a treat financing so that they can buy their business. So really good and good to do a functioning destiny a versus that of the deal role in the i see the aspect of in the tech sector, but also hes just more modified to re, particularly on or like to reduce the job building to house and do because of some of the policy under just things that was alexa, the managing director of the International Finance corporation. You can find the full lines, versions of todays interviews on the dw news youtube channel. And finally, theres been a solemn starts to trading at the new york stock exchange. The opening bell was followed by a moment of silence for the victims of the violence in israel and gaza. The, the the. And thats our show from me in the Business Team here in berlin. Thank you for watching and see you next time the they are from afghanistan, ron and germany. Young artists presenting a Cross Cultural musical experience the campus project at the base of invest. Next d w the we say theyre about never getting up every weekend on dw, the, my mom told me you either have to break heels to tom or find a way to hide it from the tyler bombs. The music nourishes the souls, the more you listen to happy and you become its a road north, a scene the when i came to quote you can, i stopped playing violin again. It was giving me the feeling of strength even with my family and friends, being in a box situation