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Sluggish post crisis growth : policies, secular stagnation, and outlook (English)

In the aftermath of the recent global financial crisis, advanced economies have continued to experience sluggish growth. Is this slow post crisis growth the result of a policy response that was overly reliant on monetary policy, which ran into the zero interest rate lower bound before growth, was restored? ... See More +

Brief 86483 APR 01, 2014

Canuto, Otaviano; Nallari, Raj; Griffith, Breda

Nothing to fear but fear itself : evidence on imported intermediates in Indonesia (English)

The combination of an increasing trade imbalance, concerns about deindustrialization after several years of booming commodity prices, and rising imports of intermediate inputs and capital goods over the last decade has triggered new restrictive trade measures that have been gaining ground in Indonesia. ... See More +

Brief 85983 MAR 01, 2014

Rahardja, Sjamsu; Varela, Gonzalo

Access to finance, product innovation, and middle-income growth traps (English)

After experiencing an initial period of rapid growth, many developing countries have fallen into the middle-income 'trap', stuck between low-wage, low-technology markets and high-income, innovation-based developed economies. ... See More +

Brief 86114 MAR 01, 2014

Agenor, Pierre-Richard; Canuto, Otaviano; Jelenic, Michael

Global value chains in the current trade slowdown (English)

Real growth in global trade has decelerated significantly since its sharp recovery in 2010. Year-on-year growth in global real trade1 decelerated from 13.3 percent at the end of the first quarter of 2010, to 9.9, 3.1, and 0.5 percent at the end of the first quarters of 2011, 2012, and 2013, respectively, while picking back up to 3.9 percent in the year leading up to the fourth quarter of 2013. ... See More +

Brief 86232 MAR 01, 2014

Ferrantino, Michael J.; Taglioni, Daria

Why Is reducing energy subsidies a prudent, fair, and transformative policy for Indonesia? : Why is reducing energy subsidies a prudent, fair, and transformative policy for Indonesia? (English)

If there was one bold and timely policy to transform Indonesia, this is it. In 2012, spending on energy subsidies claimed more than one-fifth of the central government's budget, that is, more than three times the allocation for infrastructure such as roads, water, electricity and irrigation networks, and three times the government wide spending on health. ... See More +

Brief 86815 MAR 01, 2014

Diop, Ndiame

Reforming subsidies in Morocco (English)

The cost of the subsidy system in Morocco peaked at 6.6 percent of gross domestic product (GDP) in 2012, an amount larger than the country's total investment budget for that year. ... See More +

Brief 84516 FEB 01, 2014

Verme, Paolo; El-Massnaoui, Khalid; Araar, Abdelkrim

Does FDI work for Africa? Assessing local spillovers in a world of global value chains (English)

The extent to which developing countries benefit from foreign direct investment (FDI) depends on whether they are able to realize the productivity-enhancing benefits of knowledge and technology spillovers from foreign investors. ... See More +

Brief 84951 FEB 01, 2014

Farole, Thomas; Winkler, Deborah

What makes cities more competitive? Lessons from India (English)

Policy makers in both developed and developing countries want to accelerate spatial development, make cities more competitive, attract new entrepreneurs, boost economic growth, and promote job creation. ... See More +

Brief 83905 JAN 01, 2014

Ghani, Ejaz; Kerr, William; O'Connell, Stephen D.

Sovereign wealth funds and domestic investment in resource-rich countries : love me, or love me not? (English)

Sovereign wealth funds (SWFs) represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource, exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. ... See More +

Brief 84016 JAN 01, 2014

Gelb, Alan; Tordo, Silvana; Halland, Havard

Highways and spatial development (English)

This economic premise examines the link between highways and spatial development. The golden quadrilateral (GQ) highway project in India- 5,846 kilo meter (km) of highways linking four major urban hubs- improved the connectivity and market accessibility of districts close to the highway compared to those more removed. ... See More +

Brief 83146 DEC 01, 2013

Ghani, Ejaz; Goswami, Arti Grover; Kerr, William R.

Dealing with the challenges of macro financial linkages in emerging markets (English)

The 2008 financial crisis has emphasized the importance of macro financial linkages. In the financial sector, attention is now focusing on macro prudential regulations that are geared toward the stability of the financial system as a whole. ... See More +

Brief 82635 NOV 01, 2013

Canuto, Otaviano; Ghosh, Swati R.

Reaching the bottom 40 percent : do national goals translate subnationally? (English)

Promoting shared prosperity is at the center of the new World Bank Group Strategy. To this effect, a shared prosperity index will help monitor the income growth of the bottom 40 percent of the population in every developing country. ... See More +

Brief 82721 NOV 01, 2013

Onder, Harun

The state of the poor : where are the poor, where is extreme poverty harder to end, and what is the current profile of the world's poor? (English)

Although the world witnessed an unprecedented pace of poverty reduction over the last decades, reducing the number of people living in extreme poverty by more than 700 million, approximately 1.2 billion people remained entrenched in destitution in 2010.1 In order to leverage developing country efforts and galvanize the international development community to exert concerted effort to end extreme poverty, the World Bank has established the twin goals of ending extreme poverty by 2030 and promoting shared prosperity by fostering income growth of the bottom 40 percent of the population in every country. ... See More +

Brief 81801 OCT 01, 2013

Olinto, Pedro; Beegle, Kathleen; Sobrado, Carlos; Uematsu, Hiroki

Rethinking cities : toward shared prosperity (English)

The great transition from farm to city is filled with economic, social, and political promise. Cities are the product of a triad of forces. This economic premise explores how the three forces of spatial transformation- physical infrastructure, human interactions, and public policy- come together and shape cities. ... See More +

Brief 81927 OCT 01, 2013

Glaeser, Edward; Joshi-Ghani, Abha

Can tourism encourage better export performance and diversification in Nepal? (English)

Entering and successfully surviving in export markets is a costly process for firms. Key steps for success include learning about the existence of foreign demand, determining the production costs of exportable goods, building a high-quality reputation, succeeding in product branding to reduce competitive pressures, constant upgrading of quality standards to better serve demanding international clients, and remaining competitive with other players in the global marketplace. ... See More +

Brief 82021 OCT 01, 2013

Reis, Jose Guilherme; Varela, Gonzalo

Resource-backed investment finance in least developed countries (English)

The global financial crisis and shrinking aid flows have led to decreased availability of long-term debt finance for Least Developed Countries (LDCs), particularly for infrastructure. ... See More +

Brief 81104 SEP 01, 2013

Halland, Havard; Canuto, Otaviano

India's spatial development (English)

This note examines the recent spatial development of India. Services, and to a lesser extent manufacturing, are increasingly concentrating in high-density clusters. ... See More +

Brief 81339 SEP 01, 2013

Desmet, Klaus; Ghani, Ejaz; O'Connell, Stephen; Rossi-Hansberg, Esteban

Inclusive growth revisited : measurement and determinants (English)

The call for inclusive growth has been unanimously broadcasted by policy makers across the world. The Arab spring, the growing divide between Main Street and Wall Street in advanced economies, and the three-speed world economy have placed inclusive growth at the forefront of policy debates. ... See More +

Brief 79445 JUL 01, 2013

Peiris, Shanaka J.; Mishra, Saurabh; Anand, Rahul

Changing for the better : the path to upper-middle-income status in Uzbekistan (English)

As a low-middle-income country with a gross domestic product (GDP) per capita of US$1,715 and a population of 30 million (nearly half of all of the Central Asian population), Uzbekistan has seen stable economic progress since the mid-2000s, both in terms of growth and poverty reduction. ... See More +

Brief 78250 JUN 01, 2013

Trushin, Eskender; Carneiro, Francisco G.

How to avoid middle-income traps? : evidence from Malaysia (English)

Malaysia's structural transformation from low to middle income has made it one of the most prominent manufacturing exporters in the world. ... See More +

Brief 78651 JUN 01, 2013

Flaaen, Aaron; Ghani, Ejaz; Mishra, Saurabh

Title Document Date Report No. Document Type Also available in
Sluggish post crisis growth : policies, secular stagnation, and outlook (English)
See More +
APR 01, 2014 86483 Brief
Nothing to fear but fear itself : evidence on imported intermediates in Indonesia (English)
See More +
MAR 01, 2014 85983 Brief
Access to finance, product innovation, and middle-income growth traps (English)
See More +
MAR 01, 2014 86114 Brief
Global value chains in the current trade slowdown (English)
See More +
MAR 01, 2014 86232 Brief
Why Is reducing energy subsidies a prudent, fair, and transformative policy for Indonesia? : Why is reducing energy subsidies a prudent, fair, and transformative policy for Indonesia? (English)
See More +
MAR 01, 2014 86815 Brief
Reforming subsidies in Morocco (English)
See More +
FEB 01, 2014 84516 Brief
Does FDI work for Africa? Assessing local spillovers in a world of global value chains (English)
See More +
FEB 01, 2014 84951 Brief
What makes cities more competitive? Lessons from India (English)
See More +
JAN 01, 2014 83905 Brief
Sovereign wealth funds and domestic investment in resource-rich countries : love me, or love me not? (English)
See More +
JAN 01, 2014 84016 Brief
Highways and spatial development (English)
See More +
DEC 01, 2013 83146 Brief
Dealing with the challenges of macro financial linkages in emerging markets (English)
See More +
NOV 01, 2013 82635 Brief
Reaching the bottom 40 percent : do national goals translate subnationally? (English)
See More +
NOV 01, 2013 82721 Brief
The state of the poor : where are the poor, where is extreme poverty harder to end, and what is the current profile of the world's poor? (English)
See More +
OCT 01, 2013 81801 Brief
Rethinking cities : toward shared prosperity (English)
See More +
OCT 01, 2013 81927 Brief
Can tourism encourage better export performance and diversification in Nepal? (English)
See More +
OCT 01, 2013 82021 Brief
Resource-backed investment finance in least developed countries (English)
See More +
SEP 01, 2013 81104 Brief
India's spatial development (English)
See More +
SEP 01, 2013 81339 Brief
Inclusive growth revisited : measurement and determinants (English)
See More +
JUL 01, 2013 79445 Brief
Changing for the better : the path to upper-middle-income status in Uzbekistan (English)
See More +
JUN 01, 2013 78250 Brief
How to avoid middle-income traps? : evidence from Malaysia (English)
See More +
JUN 01, 2013 78651 Brief