having a life sentence for allegedly trying to talk with the government. accounts of europe recognized koala for his support of several civil society groups. his wife accepted the award for it and you're up to date, produced a tunes maurice and uh, as of next with business. and a nobel economics price break through both for and about the limits here tilting berlin. thank you for joining the registrar to be issues with a lot say what crazy. the

limited freedom of the online world news koreans to south korea where they realize their dreams of becoming social media stuff. but then they disappeared without warning. need to recess as a north korean propaganda video was happening from north korea with love starts october 25th on d w. 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 or you will hear from one of her former students. and the i m f and the world bank called a joint meeting in morocco. assign of their increasing focus on africa will look at one of the projects based and investing in this is dw business. i'm of the xena.

welcome to the show. the 20 twenty's a prize in economics has been awarded to us labor economist claudia old, and the harvard professor advanced the world's understanding of women's progress and the labor markets, golden cities, 200 years of women's 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 women's 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 you guy, he's an associate professor and economics at the massachusetts institute of technology. claudia golden, and simon, 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 claudia 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 women's participation in the labor market. in particular, under 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 i'm today is i'm originally richly deserved, and she has won many awards in the past. and so if these i'm also here today, my capacity is i'm the head of i z a, a german labor economics institute, and we awarded her our, i see

a price in liver economics in 2016. so i think the profession as a whole have been expecting that's called the golden wood. at some point. we didn't know about price for her past breaking and trailblazing work. and i am. so it's 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, a love seat or work it's um and that's the beauty of study, of social science like economics. it's 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 there is still a persistent earnings gap between men and women and uh, her work. um,

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, many countries that us also in europe and around the world, they are pretty large gaps. and part of her work shows that large gaps in their market participation. earnings between men and women emerge after the 1st child is born. that's when the trajectories, in 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 lack there off the women to participate, not as much in the labor market in particular, once they are, if and when they have a i've 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 that's 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 don't

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 it's worth it because it gives us large folding production. when we still relying on tradition area gratian to be chilled was 40 or 50 ton. and as i've to introducing drip irrigation, the yield reached a 100 to a 120 tons packets, or send me your sample box model. co is one of many countries that rely on october should irrigation in the country is mocked and blue between 20 and 50 percent of

farm land is irrigated. more than half of these areas in reds are irrigated, especially a nation worldwide, 20 percent of farm land does not professionally irrigate. 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 to irrigation, farmers are drawing other crops that use more water. this is meant with criticism. i'm sorry, is that i have shifted. i am. so am i going to be a good oh, even in the cultural project, the 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 grow crops for export, or to be a little out in like watermelon. and i have a condo, it which are not the staple foods look believe. but after the behavior,

we need to grow with the crops that contribute to our for insecurity. well, because the middle east is north africa region is especially threatened by hunger due to view crane more of the hubble calling a visit. hey i'm, i'm the one that been dealing with drip irrigation agricultural remains. motor cars, biggest water consumer, bronze water supplies, that'd be coming concert. so modern navigation technology in the world bank project are only temporary solutions for more cost farming industry. besides the african continent, international lenders will also focus on ukraine. the russian invasion has exacted a heavy toll on the country's 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 faces of 15 years set back and 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. i'm joined now by the managing director of the international finance corporation marked r d up who's also at the annual meeting in marrakech at the moment. thank you for joining us. let's say you let me show you viking the how would you describe the current states of the private sector and ukraine to yeah, so you can, i mean you can, has been a rebounding. it increased by 3.5 percent this. yep. and the last you like to leave your salary for the largest 40 you be a to is a to be contacted by close to searching for sunday. got to be 29.5 percent. what was that doesn't? a huge effect was the private sector, which was the effect you done to the no, no, no you create

a lot of the of the new was driven by a certain use. so i send me some particular yes. like the size of current situation . so that's 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 due to a not equity. right. so you mentioned to agriculture and tech here, which specific sectors are the most promising and ukraine's economy going forward. also looking at future developments because the economic recovery program must 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 it possible it's like there was a much, i think the by, by the pricey and the be 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 findings. as you know, the companies in new great didn't, i'll access to the to find as 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 the boards and continue a functioning destiny a versus that of the deal room. in the i see the aspect of eating the tech sector, but also it has more money if i to re, particularly on or like to reduce the job building to house and do because of some of the policy and logistics that was alexa the off managing director of the

international finance corporation, you can find the full lines, versions of today's interviews on the dw news youtube channel. and finally, there has 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 and that's our show from me in the business team here in berlin. thank you for watching and see you next time the

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