New sources of data, as well as new ways of processing such data, have contributed to an ongoing expansion in the availability of digital financial services (DFS) to served, underserved, and unserved consumers.
... See More + Such data is being used to design and market customer-centric digital financial services, create credit scores for consumers with limited credit histories, meet and facilitate know-your-customer requirements, and minimize the risk of fraud. Yet a great variety of personal information may be used and processed in this context. This discussion note provides an overview of consumer-related benefits and risks arising from the usage of new types of data, beyond traditional credit-reporting frameworks. The note also identifies areas for further research.
See Less -
Working Paper 132035 NOV 01, 2018
Grady,Rosamund Clare; Montes Herraiz,Fredesvinda F.; Traversa,MarcoDisclosed
Technology and digital platforms are disrupting the way the tourism sector operates from end to end affects low-income markets striving to leverage tourism for development impacts.
... See More + Digital platforms, in particular, provide both opportunities and challenges for World Bank Group client countries looking to harness tourism to help achieve the World Bank Group's twin goals of ending extreme poverty and boosting shared prosperity. This report focuses on one disruptive force in the tourism industry: the emergence of peer-to-peer (P2P) accommodation. P2P accommodation occurs when individuals offer, in exchange for money, a room or an entire house for short-term accommodation. The rapid growth of this new product is shaking up the hotel industry and creating a new way to travel and interact with a destination and its community. The objectives of this report are to investigate the opportunities and challenges that P2P provides in developed and emerging destinations and to offer a set of recommendations to better use this new business model for sustainable and inclusive tourism. The report also sketches a research agenda for the near future. This report is written for destination managers, policymakers, and World Bank Group staff involved in the design and management of tourism operations.
See Less -
Tourism is growing faster than ever before in emerging and developing economies. In just 10 years, the tourism landscape has changed completely.
... See More + Digital platforms are changing the way travel is traditionally researched, bought, sold, experienced and shared. Facilitated by digital platforms, user-Generated Content (UGC) is fast becoming the most important and widely used source of travel information. This impacts the traveler's path to purchase and disrupts established travel agencies, guidebooks, conventional marketing approaches and star rating systems. It also presents new opportunities for developing destinations to leverage these platforms for big data and cost-effective performance improvements. The World Bank Group and TripAdvisor collaborated on this report to support destination management organizations and local suppliers to extract the most value from UGC, while avoiding its pitfalls. This body of work aims to highlight good practices and suggest tools to consider when building plans for managing online reputation. It also provides case studies that illuminate effective campaigns and investment. The report is intended for use by those involved in or responsible for the management and/or marketing of a destination or a tourism business, with a focus on the leisure-travel market.
See Less -
This issue of Indonesia Daily Economic Update for July 27, 2018 contains economic highlights, including: Bank Indonesia (BI) is planning to regularly release four new indicators on job vacancy, property markets, payment systems and economic policy uncertainty index, utilizing the development of big data.
... See More +See Less -
This note is part of a series of notes that explore new trends and developments in Fintech and analyze their potential relevance for WBG activities.
... See More + The note discusses how new technology can make insurance more inclusive and hold the potential to overcome barriers to inclusive insurance when suitably transferred to emerging countries.
See Less -
The Information and Communications for Development report takes an in-depth look at how information and communication technologies (ICT) are impacting economic growth in developing countries.
... See More + This new report, the fourth in the series, examines the topic of data-driven development, or how better information makes for better policies. The objective is to assist developing country firms and governments to unlock the value of the data they hold for better service delivery and decision making, and to empower individuals to take more control of their personal data. The chapters of the report explore different themes associated with the supply of data, the technology underlying it, and the demand for it. The concluding chapter considers government policies for data, including data protection and privacy.
See Less -
Economic Complexity is a set of network-based and algorithmic methods for the study of economic development and competitiveness. In this framework, Economic Fitness is an innovative approach that improves the mathematical and conceptual scheme.
... See More + For convenience, these methods were originally conceived on trade in goods. This paper extends the Economic Fitness methodology to include a trade in services element to yield a universal matrix of world trade and thus provide a more complete picture of a country's development and global competitiveness. The paper applies two algorithms to the universal trade in goods and services matrix to contrast country competitiveness and change in complexity and diversification when services are added to the traditional goods-only matrix. The results show that (i) the competitiveness of many countries was previously over- or underestimated, that is, many countries gain or lose positions in the ranking of economic fitness when services trade is considered alongside goods; and (ii) complex services tend to cluster with complex manufacturing, suggesting a common capabilities structure. These findings show how developing complex services aids diversification strategies for developing countries.
See Less -
Policy Research Working Paper WPS8485 JUN 21, 2018
Emerging technologies based on big data analytics offer potential for vastly enhanced data on forced migration flows, which can provide detailed and accurate information on the needs and motives of forced migrants.
... See More + Big data approaches offer policymakers and international organizations the potential to accurately measure, and even predict, forced migration flows, as well as instability and violent conflict that occur as a result. Traditional means of collecting data from refugees and IDPs remain useful, but need to be complemented by insights from new analytical capabilities.
See Less -
Impact Evaluation to Development Impact (i2i) is a multi-donor trust fund managed by Development Impact Evaluation (DIME) in the World Bank Research Group.
... See More + It is designed to generate high-qualityand operationally relevant Impact Evaluation (IE) research to transform development policy, help reduce extreme poverty, and secure shared prosperity. i2i's purpose is to improve development practice through a greater emphasis on the dialectics of development and the empirical testing of competing hypotheses. Our model embeds learning into each element of the policy cycle, from policy design to operational options and from scope and scale of a program, to the structure of the next phase of learning. Some call this impact evaluation, some, science of delivery, and others, adaptive programming, but the underlying idea is to use scientifically valid operational research to generate useful data and evidence to inform operational decisions in real-time and achieve greater policy effectiveness. In other words, using data and evidence to save and improve lives.
See Less -
The objective of the Building Higher Standards for the National Statistical System Project for Peru is to support the National Statistics and Informatics Office (INEI) to develop the National Strategic Plan of Statistical Development 2018-2022, and to take steps to elevate the standards for the integration of data from administrative registries for statistical purposes; the production of more timely and complete national accounts, and the production of statistical information relevant to Peru’s engagement with the OECD.
... See More + The Government of Peru (GoP) has strongly committed to ambitious goals regarding service delivery. One of the strongest commitments is related to access of water and sanitation: The GoP intends to reach universal coverage in urban areas for 2021 and for rural areas before 2030. In recent years, the government has put a lot of emphasis in making informed decisions, especially after the introduction of performance-based budgeting in 2007. The successful story regarding the outstanding reduction of stunting rates is an iconic example of evidence-based policy in Peru. The GoP managed to secure an appropriate stream of resources through the Articulated Nutritional Program (Programa Articulado Nutricional, PAN); which were delivered through a results-based approach to the same districts prioritized by the conditional cash transfer (CCT) program, known as Juntos. This context, jointly with higher incomes from economic growth, provided a virtuous cycle in which supply and demand for vital health services intertwined, resulting in decreased stunting. At the international level, the GoP has committed to making and monitoring progress on the 17 Sustainable Development Goals (SDG) of the United Nations (UN) 2030 Agenda. Furthermore, it has aspirations to join the Organization for Economic Cooperation and Development (OECD) as member by 2021, in preparation of which Peru is currently undergoing a thorough review in several policy areas as part of an OECD Country Program. Meeting these ambitious goals implies collecting better and more frequent data, improving monitoring and evaluation systems and continue strengthening evidence-based policies.
See Less -
The development objective of the Second State Statistical System Development Project for Russia is to assist the government of the Russian Federation to produce reliable, timely, and accurate economic, financial, socio-demographic, and other data for policy formulation and decision making in line with international good practice and frameworks.
... See More + The restructuring will include: (i) a 30-month extension of the closing date from December 31, 2018 to June 30, 2021; (ii) a change in components and costs caused by the increase of the Borrower’s counterpart funding to implement new activities; (iii) changes in the results framework to address new timeline and revised target values for some indicators as well as addition of three new indicators to monitor the progress of the activities; and (iv) changes in disbursement estimates and implementation schedule.
See Less -
