For years economists have spoken of ‘Africa rising’, and despite the global financial crisis, Africa continues to host some of the fastest growing economies in the world.Africa’s Shadow Rise however argues that the continent’s apparent economic ‘rise’ is essentially a mirage, driven by developments elsewhere – most particularly the expansion in China’s economy. While many […]
With empathy and breadth, MacGillis demonstrates the hidden human costs of the other inequality—not the growing gap between rich and poor, but the gap between the country’s winning and losing regions. The result is an intimate account of contemporary capitalism: its drive to innovate, its dark, pitiless magic, its remaking of America with every click.
The international organizations (IOs) authoring this report can strengthen their individual and joint work to support governments in this endeavor. While the brunt of this work lies with finance ministries, trade ministries, and sectoral and specialized agencies of national governments, international organizations have key roles to play. The four authoring institutions are examining ways to […]
This edition of the World Bank MENA Economic Update estimates that the Middle East and North Africa (MENA) region’s economies will grow by 5.2% in 2022, the fastest rate since 2016. However, uncertainty reigns with the unpredictable course of the war in Ukraine and the scientific uncertainty about the evolutionary path of the virus that […]
Disruptions to global value chains due to the COVID-19 pandemic have reinforced calls for greater self-sufficiency and reshoring of production. New World Bank research, however, shows that reshoring would be counterproductive and could contribute to a significant rise in global poverty. Instead, this report finds, that greater economic integration and strengthening of GVCs can spur […]
Overview: Poverty and Shared Prosperity 2022 Correcting Course provides the first comprehensive analysis of the pandemic’s toll on poverty in developing countries It identifies how governments can optimize fiscal policy to help correct course.Fiscal policies offset the impact of COVID-19 on poverty in many high-income countries, but those policies offset barely one- quarter of the […]
This week’s issue of includes: Key Global and Regional Developments over the Past Week Special Analysis Developments in Financial and Commodity Markets in the Past Week
Overview: The book is about economic developments and policies in the first decade or so after the independence of the fifteen countries that emerged from the dissolution of the Soviet Union in 1991. In those years, the countries were beginning the transition from the Soviet central planning system towards market economies. The book focuses on […]
Our Views The countdown has begun for the mandatory implementation of the ACI system (pre-registration of shipments), with only 20 days left. No goods will be allowed into Egyptian seaports, starting from the first of October, except through the ACI system. In its first enforcement of procedures levying taxes on electronic activities and content creators, […]
Our Views After a 10-year break, Egypt was able to issue the Human Development Report 2021; considered one of the most important reports monitoring the status of human development worldwide. Egypt was one of the first countries keen on documenting the state of human development, and has issued 11 reports since 1994, with this year’s […]