Question

Difference between normal and lognormal distribution tutorials

Answer 1

The transformation of economic activity in low-income markets over the past two decades is staggering and challenges development executives to re-envision their models for steering growth.

The International Monetary Fund’s April 2016 World Economic Outlook predicts advanced economies will grow at a 1.9 percent rate in 2016 while emerging and developing economies will grow at a 4.1 percent rate. From 1990 to 2015, the proportion of the world’s population living on $1.25 a day dropped from nearly 50 percent to 14 percent, according to the U.N. Millennium Development Goals report.

These numbers are reflective of the work done by host countries, with assistance from donors. Interventions have led to poverty reduction, increased prosperity, stronger institutions, better regulations, reverse brain drain, more literacy, stability, better central banks, and the freeing of capital.

Yet these positive trends, still in the infancy and combined with other worldwide trends including a youth bulge, climate change, technological transformations, and terrorism, require new models. We believe the models must embrace innovative financing, public-private-social sector partnerships, knowledge sharing, improved monitoring and evaluation, continuous innovation, technology, and diversified funding models.

What’s next for development professionals and our local counterparts around the world? Here are four big trends.

1. Youth bulge.

Half our global population and the vast majority of those living in developing countries are under the age of 30. The median age in Pakistan, for instance, is 23, and in Nigeria it is 18. This youth bulge represents a tremendous challenge and opportunity for development executives.

Despite significant reductions in poverty, 75 million young people are unemployed and over 500 million are underemployed. The situation is mirrored in immigrant communities in Europe. This is unprecedented, meaning that neither governments, nor donors and nor implementers have the data or experience necessary to prescribe solutions.