The World Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, the International Development Association; the World Bank is a component of the World Bank Group. The World Bank's most recent stated goal is the reduction of poverty; as of November 2018, the largest recipients of world bank loans were India and China, through loans from IBRD. The World Bank is different from the World Bank Group, an extended family of five international organizations: International Bank for Reconstruction and Development International Development Association International Finance Corporation Multilateral Investment Guarantee Agency International Centre for Settlement of Investment Disputes The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Fund; the president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D.
C. and work with each other. Although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations; the intention behind the founding of the World Bank was to provide temporary loans to low-income countries which were unable to obtain loans commercially. The Bank may make loans and demand policy reforms from recipients. Before 1974, the reconstruction and development loans provided by the World Bank were small; the Bank's staff were aware of the need to instill confidence in the bank. Fiscal conservatism ruled, loan applications had to meet strict criteria; the first country to receive a World Bank loan was France. The Bank's president at the time, John McCloy, chose France over two other applicants and Chile; the loan was for US$250 million, half the amount requested, it came with strict conditions. France had to agree to produce a balanced budget and give priority of debt repayment to the World Bank over other governments.
World Bank staff monitored the use of the funds to ensure that the French government met the conditions. In addition, before the loan was approved, the United States State Department told the French government that its members associated with the Communist Party would first have to be removed; the French government complied and removed the Communist coalition government - the so-called tripartite. Within hours, the loan to France was approved; when the Marshall Plan went into effect in 1947, many European countries began receiving aid from other sources. Faced with this competition, the World Bank shifted its focus to non-European countries; until 1968, its loans were earmarked for the construction of infrastructure works, such as seaports, highway systems, power plants, that would generate enough income to enable a borrower country to repay the loan. In 1960, the International Development Association was formed, providing soft loans to developing countries. From 1974 to 1980 the bank concentrated on meeting the basic needs of people in the developing world.
The size and number of loans to borrowers was increased as loan targets expanded from infrastructure into social services and other sectors. These changes can be attributed to Robert McNamara, appointed to the presidency in 1968 by Lyndon B. Johnson. McNamara implored bank treasurer Eugene Rotberg to seek out new sources of capital outside of the northern banks, the primary sources of funding. Rotberg used the global bond market to increase the capital available to the bank. One consequence of the period of poverty alleviation lending was the rapid rise of third world debt. From 1976 to 1980 developing world debt rose at an average annual rate of 20%. In 1980 the World Bank Administrative Tribunal was established to decide on disputes between the World Bank Group and its staff where allegation of non-observance of contracts of employment or terms of appointment had not been honored. In 1980 McNamara was succeeded by Alden W. Clausen. Clausen crafted a different mission emphasis, his 1982 decision to replace the bank's Chief Economist, Hollis B.
Chenery, with Anne Krueger was an example of this new focus. Krueger was known for her criticism of development funding and for describing Third World governments as "rent-seeking states". During the 1980s the bank emphasized lending to service Third-World debt, structural adjustment policies designed to streamline the economies of developing nations. UNICEF reported in the late 1980s that the structural adjustment programs of the World Bank had been responsible for "reduced health and educational levels for tens of millions of children in Asia, Latin America, Africa". Beginning in 1989, in response to harsh criticism from many groups, the bank began including environmental groups and NGOs in its loans to mitigate the past effects of its development policies that had prompted the criticism, it formed an implementing agency, in accordance with the Montreal Protocols, to stop ozone-depletion damage to the Earth's atmosphere by phasing out the use of 95% of ozone-depleting chemicals, with a target date of 2015.
Since in accordance with its so-called "Six Strategic Themes", the bank has put various additional policies into effect to preserve the environment while promoting development. For example, in 1991 the bank announced that to protect against deforestation in the Amazon, it would not finance any commercial logging or infrastructure projects that harm the en
A census is the procedure of systematically acquiring and recording information about the members of a given population. The term is used in connection with national population and housing censuses; the United Nations defines the essential features of population and housing censuses as "individual enumeration, universality within a defined territory and defined periodicity", recommends that population censuses be taken at least every 10 years. United Nations recommendations cover census topics to be collected, official definitions and other useful information to co-ordinate international practice; the word is of Latin origin: during the Roman Republic, the census was a list that kept track of all adult males fit for military service. The modern census is essential to international comparisons of any kind of statistics, censuses collect data on many attributes of a population, not just how many people there are. Censuses began as the only method of collecting national demographic data, are now part of a larger system of different surveys.
Although population estimates remain an important function of a census, including the geographic distribution of the population, statistics can be produced about combinations of attributes e.g. education by age and sex in different regions. Current administrative data systems allow for other approaches to enumeration with the same level of detail but raise concerns about privacy and the possibility of biasing estimates. A census can be contrasted with sampling in which information is obtained only from a subset of a population. Modern census data are used for research, business marketing, planning, as a baseline for designing sample surveys by providing a sampling frame such as an address register. Census counts are necessary to adjust samples to be representative of a population by weighting them as is common in opinion polling. Stratification requires knowledge of the relative sizes of different population strata which can be derived from census enumerations. In some countries, the census provides the official counts used to apportion the number of elected representatives to regions.
In many cases, a chosen random sample can provide more accurate information than attempts to get a population census. A census is construed as the opposite of a sample as its intent is to count everyone in a population rather than a fraction. However, population censuses rely on a sampling frame to count the population; this is the only way to be sure that everyone has been included as otherwise those not responding would not be followed up on and individuals could be missed. The fundamental premise of a census is that the population is not known and a new estimate is to be made by the analysis of primary data; the use of a sampling frame is counterintuitive as it suggests that the population size is known. However, a census is used to collect attribute data on the individuals in the nation; this process of sampling marks the difference between historical census, a house to house process or the product of an imperial decree, the modern statistical project. The sampling frame used by census is always an address register.
Thus it is not known how many people there are in each household. Depending on the mode of enumeration, a form is sent to the householder, an enumerator calls, or administrative records for the dwelling are accessed; as a preliminary to the dispatch of forms, census workers will check any address problems on the ground. While it may seem straightforward to use the postal service file for this purpose, this can be out of date and some dwellings may contain a number of independent households. A particular problem is what are termed'communal establishments' which category includes student residences, religious orders, homes for the elderly, people in prisons etc; as these are not enumerated by a single householder, they are treated differently and visited by special teams of census workers to ensure they are classified appropriately. Individuals are counted within households and information is collected about the household structure and the housing. For this reason international documents refer to censuses of housing.
The census response is made by a household, indicating details of individuals resident there. An important aspect of census enumerations is determining which individuals can be counted from which cannot be counted. Broadly, three definitions can be used: de facto residence; this is important to consider individuals who have temporary addresses. Every person should be identified uniquely as resident in one place but where they happen to be on Census Day, their de facto residence, may not be the best place to count them. Where an individual uses services may be more useful and this is at their usual, or de jure, residence. An individual may be represented at a permanent address a family home for students or long term migrants, it is necessary to have a precise definition of residence to decide whether visitors to a country should be included in the population count. This is becoming more important as students travel abroad for education for a period of several years. Other groups causing problems of enumeration are new born babies, people away on holiday, people moving home around census day, people without a fixed address.
People having second homes because of working in another part of the country or retaining a holiday cottage are dif
Employment is a relationship between two parties based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee. Employees work in return for payment, which may be in the form of an hourly wage, by piecework or an annual salary, depending on the type of work an employee does or which sector she or he is working in. Employees in some fields or sectors may receive bonus payment or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits can include health insurance, disability insurance or use of a gym. Employment is governed by employment laws, regulations or legal contracts. An employee contributes labor and expertise to an endeavor of an employer or of a person conducting a business or undertaking and is hired to perform specific duties which are packaged into a job. In a corporate context, an employee is a person, hired to provide services to a company on a regular basis in exchange for compensation and who does not provide these services as part of an independent business.
Employer and managerial control within an organization rests at many levels and has important implications for staff and productivity alike, with control forming the fundamental link between desired outcomes and actual processes. Employers must balance interests such as decreasing wage constraints with a maximization of labor productivity in order to achieve a profitable and productive employment relationship; the main ways for employers to find workers and for people to find employers are via jobs listings in newspapers and online called job boards. Employers and job seekers often find each other via professional recruitment consultants which receive a commission from the employer to find and select suitable candidates. However, a study has shown that such consultants may not be reliable when they fail to use established principles in selecting employees. A more traditional approach is with a "Help Wanted" sign in the establishment. Evaluating different employees can be quite laborious but setting up different techniques to analyze their skill to measure their talents within the field can be best through assessments.
Employer and potential employee take the additional step of getting to know each other through the process of job interview. Training and development refers to the employer's effort to equip a newly hired employee with necessary skills to perform at the job, to help the employee grow within the organization. An appropriate level of training and development helps to improve employee's job satisfaction. There are many ways that employees are paid, including by hourly wages, by piecework, by yearly salary, or by gratuities. In sales jobs and real estate positions, the employee may be paid a commission, a percentage of the value of the goods or services that they have sold. In some fields and professions, employees may be eligible for a bonus; some executives and employees may be paid in stocks or stock options, a compensation approach that has the added benefit, from the company's point of view, of helping to align the interests of the compensated individual with the performance of the company.
Employee benefits are various non-wage compensation provided to employee in addition to their wages or salaries. The benefits can include: housing, group insurance, disability income protection, retirement benefits, tuition reimbursement, sick leave, social security, profit sharing, funding of education, other specialized benefits. In some cases, such as with workers employed in remote or isolated regions, the benefits may include meals. Employee benefits can improve the relationship between employee and employer and lowers staff turnover. Organizational justice is an employee's perception and judgement of employer's treatment in the context of fairness or justice; the resulting actions to influence the employee-employer relationship is a part of organizational justice. Employees can organize into trade or labor unions, which represent the work force to collectively bargain with the management of organizations about working, contractual conditions and services. Either an employee or employer may end the relationship at any time subject to a certain notice period.
This is referred to as at-will employment. The contract between the two parties specifies the responsibilities of each when ending the relationship and may include requirements such as notice periods, severance pay, security measures. In some professions, notably teaching, civil servants, university professors, some orchestra jobs, some employees may have tenure, which means that they cannot be dismissed at will. Another type of termination is a layoff. Wage labor is the socioeconomic relationship between a worker and an employer, where the worker sells their labor under a formal or informal employment contract; these transactions occur in a labor market where wages are market determined. In exchange for the wages paid, the work product becomes the undifferentiated property of the employer, except for special cases such as the vesting of intellectual property patents in the United States where patent rights are vested in the original personal inventor. A wage laborer is a person whose primary means of income is from the selling of his or her labor in this way.
In modern mixed economies such as that
Education is the process of facilitating learning, or the acquisition of knowledge, values and habits. Educational methods include storytelling, teaching and directed research. Education takes place under the guidance of educators and learners may educate themselves. Education can take place in formal or informal settings and any experience that has a formative effect on the way one thinks, feels, or acts may be considered educational; the methodology of teaching is called pedagogy. Formal education is divided formally into such stages as preschool or kindergarten, primary school, secondary school and college, university, or apprenticeship. A right to education has been recognized by the United Nations. In most regions, education is compulsory up to a certain age. Etymologically, the word "education" is derived from the Latin word ēducātiō from ēducō, related to the homonym ēdūcō from ē- and dūcō. Education began in prehistory, as adults trained the young in the knowledge and skills deemed necessary in their society.
In pre-literate societies, this was achieved orally and through imitation. Story-telling passed knowledge and skills from one generation to the next; as cultures began to extend their knowledge beyond skills that could be learned through imitation, formal education developed. Schools existed in Egypt at the time of the Middle Kingdom. Plato founded the Academy in the first institution of higher learning in Europe; the city of Alexandria in Egypt, established in 330 BCE, became the successor to Athens as the intellectual cradle of Ancient Greece. There, the great Library of Alexandria was built in the 3rd century BCE. European civilizations suffered a collapse of literacy and organization following the fall of Rome in CE 476. In China, Confucius, of the State of Lu, was the country's most influential ancient philosopher, whose educational outlook continues to influence the societies of China and neighbours like Korea and Vietnam. Confucius gathered disciples and searched in vain for a ruler who would adopt his ideals for good governance, but his Analects were written down by followers and have continued to influence education in East Asia into the modern era.
The Aztecs had a well-developed theory about education, which has an equivalent word in Nahuatl called tlacahuapahualiztli. It means "the art of raising or educating a person" or "the art of strengthening or bringing up men." This was a broad conceptualization of education, which prescribed that it begins at home, supported by formal schooling, reinforced by community living. Historians cite that formal education was mandatory for everyone regardless of social class and gender. There was the word neixtlamachiliztli, "the act of giving wisdom to the face." These concepts underscore a complex set of educational practices, oriented towards communicating to the next generation the experience and intellectual heritage of the past for the purpose of individual development and his integration into the community. After the Fall of Rome, the Catholic Church became the sole preserver of literate scholarship in Western Europe; the church established cathedral schools in the Early Middle Ages as centres of advanced education.
Some of these establishments evolved into medieval universities and forebears of many of Europe's modern universities. During the High Middle Ages, Chartres Cathedral operated the famous and influential Chartres Cathedral School; the medieval universities of Western Christendom were well-integrated across all of Western Europe, encouraged freedom of inquiry, produced a great variety of fine scholars and natural philosophers, including Thomas Aquinas of the University of Naples, Robert Grosseteste of the University of Oxford, an early expositor of a systematic method of scientific experimentation, Saint Albert the Great, a pioneer of biological field research. Founded in 1088, the University of Bologne is considered the first, the oldest continually operating university. Elsewhere during the Middle Ages, Islamic science and mathematics flourished under the Islamic caliphate, established across the Middle East, extending from the Iberian Peninsula in the west to the Indus in the east and to the Almoravid Dynasty and Mali Empire in the south.
The Renaissance in Europe ushered in a new age of scientific and intellectual inquiry and appreciation of ancient Greek and Roman civilizations. Around 1450, Johannes Gutenberg developed a printing press, which allowed works of literature to spread more quickly; the European Age of Empires saw European ideas of education in philosophy, religion and sciences spread out across the globe. Missionaries and scholars brought back new ideas from other civilizations – as with the Jesuit China missions who played a significant role in the transmission of knowledge and culture between China and Europe, translating works from Europe like Euclid's Elements for Chinese scholars and the thoughts of Confucius for European audiences; the Enlightenment saw the emergence of a more secular educational outlook in Europe. In most countries today, full-time education, whether at school or otherwise, is compulsory for all children up to a certain age. Due to this the proliferation of compulsory education, combined with population growth, UNESCO has calculated that in the next 30 years more people will receive formal education than in all of human history thus far.
Formal education occurs in a structured environment. Formal education takes place in a school environme
Metadata is "data that provides information about other data". Many distinct types of metadata exist, among these descriptive metadata, structural metadata, administrative metadata, reference metadata and statistical metadata. Descriptive metadata describes a resource for purposes such as identification, it can include elements such as title, abstract and keywords. Structural metadata is metadata about containers of data and indicates how compound objects are put together, for example, how pages are ordered to form chapters, it describes the types, versions and other characteristics of digital materials. Administrative metadata provides information to help manage a resource, such as when and how it was created, file type and other technical information, who can access it. Reference metadata describes the contents and quality of statistical data Statistical metadata may describe processes that collect, process, or produce statistical data. Metadata was traditionally used in the card catalogs of libraries until the 1980s, when libraries converted their catalog data to digital databases.
In the 2000s, as digital formats were becoming the prevalent way of storing data and information, metadata was used to describe digital data using metadata standards. The first description of "meta data" for computer systems is purportedly noted by MIT's Center for International Studies experts David Griffel and Stuart McIntosh in 1967: "In summary we have statements in an object language about subject descriptions of data and token codes for the data. We have statements in a meta language describing the data relationships and transformations, ought/is relations between norm and data."There are different metadata standards for each different discipline. Describing the contents and context of data or data files increases its usefulness. For example, a web page may include metadata specifying what software language the page is written in, what tools were used to create it, what subjects the page is about, where to find more information about the subject; this metadata can automatically improve the reader's experience and make it easier for users to find the web page online.
A CD may include metadata providing information about the musicians and songwriters whose work appears on the disc. A principal purpose of metadata is to help users discover resources. Metadata helps to organize electronic resources, provide digital identification, support the archiving and preservation of resources. Metadata assists users in resource discovery by "allowing resources to be found by relevant criteria, identifying resources, bringing similar resources together, distinguishing dissimilar resources, giving location information." Metadata of telecommunication activities including Internet traffic is widely collected by various national governmental organizations. This data can be used for mass surveillance. In many countries, the metadata relating to emails, telephone calls, web pages, video traffic, IP connections and cell phone locations are stored by government organizations. Metadata means "data about data". Although the "meta" prefix means "after" or "beyond", it is used to mean "about" in epistemology.
Metadata is defined as the data providing information about one or more aspects of the data. Some examples include:Means of creation of the data Purpose of the data Time and date of creation Creator or author of the data Location on a computer network where the data was created Standards used File size Data quality Source of the data Process used to create the dataFor example, a digital image may include metadata that describes how large the picture is, the color depth, the image resolution, when the image was created, the shutter speed, other data. A text document's metadata may contain information about how long the document is, who the author is, when the document was written, a short summary of the document. Metadata within web pages can contain descriptions of page content, as well as key words linked to the content; these links are called "Metatags", which were used as the primary factor in determining order for a web search until the late 1990s. The reliance of metatags in web searches was decreased in the late 1990s because of "keyword stuffing".
Metatags were being misused to trick search engines into thinking some websites had more relevance in the search than they did. Metadata can be stored and managed in a database called a metadata registry or metadata repository. However, without context and a point of reference, it might be impossible to identify metadata just by looking at it. For example: by itself, a database containing several numbers, all 13 digits long could be the results of calculations or a list of numbers to plug into an equation - without any other context, the numbers themselves can be perceived as the data, but if given the context that this database is a log of a book collection, those 13-digit numbers may now be identified as ISBNs - information that refers to the book, but is not itself the information within the book. The term "metadata" was coined in 1968 by Philip Bagley, in his book "Extension of Programming Language Concepts" where it is clear that he uses the term in the ISO 11179 "traditional" sense, "structural metadata" i.e. "data about the containers of data".
The Organisation for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio. This is a statistical ratio that measures the proportion of the country's working age population, employed; this includes people. The International Labour Organization states that a person is considered employed if they have worked at least 1 hour in "gainful" employment in the most recent week; the employment-population ratio has not always been looked at for labor statistics and where specific areas are economically, but after the recent recession it has been given more attention worldwide by economists. The National Bureau Of Economic Research states that the Great Recession ended in June 2009. During 2009 and 2010, many areas were still struggling economically, the reason the employment-population ratio is still used by both Americans and people around the world. Key terms that explain the use of the ratio follow: Employed persons. All those who, do any work at all as paid employees, work in their own business or profession or on their own farm, or work 15 hours or more as unpaid workers in a family-operated enterprise.
Unemployed persons. All those who, have no employment during the reference week. Participant rate This represents the proportion of the population, in the labor force. Not in the labor force. Included in this group are all persons in the civilian noninstitutional population who are neither employed nor unemployed. Information is collected on their desire for and availability to take a job at the time of the CPS interview, jobsearch activity in the prior year, reason for not looking for work in past 4-week period. Multiple jobholders; these are employed persons who, have two or more jobs as a wage and salary worker, are self-employed and held a wage and salary job, or work as an unpaid family worker and hold a wage and salary job. The ratio is used to evaluate the ability of the economy to create jobs and therefore is used in conjunction with the unemployment rate for a general evaluation of the labour market stance. Having a high ratio means that an important proportion of the population in working age is employed, which in general will have positive effects on the GDP per capita.
The ratio does not give an indication of working conditions, number of hours worked per person, earnings or the size of the black market. Therefore, the analysis of the labour market must be done in conjunction with other statistics; this measure comes from dividing the civilian noninstitutionalized population who are employed by the total noninstitutionalized population and multiplying by 100. In general, a high ratio is considered to be above 70 percent of the working-age population whereas a ratio below 50 percent is considered to be low; the economies with low ratios are situated in the Middle East and North Africa. Employment-to-population ratios are higher for men than for women. In the past decades, the ratios tended to fall for men and increase in the case of women, which made the differences between both to be reduced. Source: OECD. StatExtracts, except as noted Dependency ratio Female labor force in the Muslim world Labor-force participation rate