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How can philanthropy catalyse systemic change in an era of global crisis? As the world grapples with escalating climate risks, widening inequality, and shifting global power dynamics, traditional approaches to development finance are becoming insufficient. This book explores how philanthropy, as risk capital, can de-risk investments, unlock private capital, and drive transformative, multi-sector partnerships to tackle the most pressing global challenges. Bringing together real-world case studies and expert insights, it highlights blended finance models, climate adaptation strategies, and innovative approaches to sustainable development. The authors reveal how emerging markets are leading in catalytic finance, how philanthropy can scale green investments, and why collaboration is the only path to meaningful impact. A must-read for philanthropists, investors, policymakers, and development leaders, Catalytic Capital offers practical frameworks to harness the power of finance for a more resilient, inclusive, and sustainable global economy. This title is also available as Open Access on Cambridge Core.
Indo-Pacific humpback dolphins Sousa chinensis face multiple anthropogenic threats in the coastal waters of Langkawi and the adjacent Perlis–Kedah mainland in north-west Peninsular Malaysia. The area is recognized by the IUCN as an Important Marine Mammal Area and harbours a significant population of humpback dolphins. Understanding their social structure is crucial for identifying conservation units to guide targeted management to preserve the species’ ecological processes, particularly for a species in the data-deficient Southeast Asia region. Association patterns and network analysis from a decade of photo-identification surveys (2010–2020) revealed a fission–fusion society defined by frequent changes in group membership and size, and characterized by loose associations between individuals. Association strength was generally low, although some non-random long-term associations persisted for 5 months to several years. Unusually large groups of humpback dolphins (81–204 individuals) were often observed, comprising travelling mother–calf pairs and functioning as nursery groups. The grouping plasticity and social dynamics reflect the species’ survival strategies in response to local environmental conditions, notably resource availability and predation pressure. Most importantly, our findings confirm that the humpback dolphin population in this region constitutes a stable and well-connected single conservation unit, necessitating coordinated protection by different governmental administrators across the extensive study area. The insights from our study should inform tailored management strategies for humpback dolphins and promote early detection of anthropogenic threats that may impact social-ecological processes and the overall survival of the population.
Early identification of risk for attention-deficit hyperactivity disorder (ADHD) symptoms can enable more timely interventions and improve long-term outcomes. While previous research has linked various maternal and perinatal factors to ADHD, few studies have examined these predictors collectively in a single comprehensive analysis. This study aimed to assess whether later ADHD symptoms can be predicted from information available at birth, specifically ethnicity, maternal metabolic markers, mental health, and socioeconomic status. It additionally aimed to identify the most influential predictors. Using data from the Born in Bradford (BiB) study, we applied multiple linear regression (LR) and machine learning techniques to predict ADHD symptoms as measured by the Hyperactivity/Inattention subscale of the Strengths and Difficulties Questionnaire (SDQ). A 10-fold cross-validated LR model explained 6.97% of the variance in SDQ scores. In the random forest model, infant male sex and maternal smoking during pregnancy emerged as the top predictors. These findings provide proof of principle for early identification of children at risk of ADHD. Future models may benefit from incorporating additional perinatal data to improve predictive accuracy.
Statistics were the lens through which the Bank viewed the global economy. Although the quantification of economic phenomena had many prewar precedents, the unresolved problems stemming from the First World War led to its reinvention. The Bank originally employed economists, including Oliver M.W. Sprague and Walter W. Stewart, to develop its in-house statistical capabilities. Subsequent developments included the creation of a research division, employment of trained staff members, and publication of a monthly report. With the onset of the British slump and the contentious debates on the (Macmillan) Committee on Finance and Industry, experts gained new opportunities to influence economic policy. Through its research, the Bank of England was able to establish its reputation as an intellectual authority.
During the 1930s, the Bank devised a plan to help prepare the nation for war. In contrast to the Treasury, the Cabinet, and the League of Nations, the Bank was the sole defender of exchange control, a policy that involved restrictions on conversions in and out of sterling. Its experts argued that the necessity of wartime finance, diplomatic tensions with France and the United States, and a potential flight from sterling at the outbreak of war all justified the reform of exchange-rate management. Although exchange control was primarily seen as an overly restrictive arrangement, often associated with authoritarian regimes in Germany or Argentina, the Bank’s advisers claimed to understand the technical requirements and the particular needs of a financial sector preparing for war. With its enactment in early 1939, the Bank had effectively abandoned its commitment to restoring the prewar liberal economic order and instead oversaw a new system of governance that continued well into the postwar years.
After the First World War, the nations of Europe faced exchange-rate volatility, high national debts, and inflationary pressures. In response, many sought to stabilize the economies through extensive fiscal and monetary reforms. One of the key figures in the reconstruction effort was Henry Strakosch. As the Bank’s informal adviser, he was responsible for devising restructuring plans across Central Europe and the British Empire. Leveraging his connections at the League of Nations, the Bank of England, and the City of London, Strakosch led negotiations that resulted in the establishment of both the Austrian National Bank and the South African Reserve Bank. His work exemplified the institutionalization of economic orthodoxy in circles of influence and heralded the rise of the international financial expert. More broadly, Strakosch’s interventions contributed to the state-building process in the interwar years, as new nations drew on expert knowledge to establish their political legitimacy.