World Bank Development Economics

?? JUST LAUNCHED: What is the "middle-income trap" and how can countries escape it? https://lnkd.in/eJq_X3Rw A new study by The World Bank provides the first comprehensive roadmap to help developing countries overcome obstacles that hinder high-quality growth. Drawing on lessons from the past 50 years, the World Development Report 2024 finds that as countries grow wealthier, they often hit a “trap” at about 10% of annual U.S. GDP per person—the equivalent of $8,000 today. ?? Discover how a strategy that merges investment, infusion, and innovation can be decisive in the battle for global economic prosperity.

?? Illicit financial flows (IFFs) pose significant challenges to developing countries, undermining their development finance efforts. In a new blog, IFC - International Finance Corporation's experts Tom Roth and Adrian Wardzynski delve into the complexities of tax evasion and explore the role of "soft law" measures—voluntary compliance frameworks and private sector-led initiatives—in addressing these issues. Learn more about innovative strategies to combat IFFs and strengthen financial integrity ?? https://lnkd.in/dGEBFjhW

The World Bank's 2024 World Development Report "could be the most globally important economic report of any major institution, for many years." writes UCL Professor Michael Grubb. "?What is truly striking is the way the WDR redirects the attention of the growth agenda away from?accumulation?(of capital and labour resources),?to more directly metrics of?positive progress?in relation to each of the three principal component factors of socio-economic improvement: capital, labour, and energy."??Somik Lall Ufuk Akcigit https://lnkd.in/eZwXjkuR

We're excited to announce the 6th World Bank/IFS/ODI Public Finance Conference “?????????????? ????????????????: ???????????? ?????????????? ?????? ???????????????????? ????????????????????????????”, taking place in Washington, DC on September 26-27, 2024. Register now to join experts and policymakers in exploring the intersection of public finance and economic development: https://wrld.bg/meh850TgNw6 ? This year’s conference will focus on how public finance policies evolve in response to structural transformation in low- and middle-income countries. Key topics include tax policies for growth, fiscal policies promoting industrial change, and the design of pension systems in developing economies. ? This event is part of the ???????? ?????? ???????? ?????????????????? ????????. Visit the week’s website for the full agenda and details on other events: https://wrld.bg/zp7j50TgL90

Despite progress, women in 59 out of 190 economies still face restrictions in key sectors like mining and construction. How can we break these barriers and promote equal opportunities? ?https://bit.ly/3sInC5k. In this insightful piece, Women, Business and the Law researchers Gaia Bechara and Natalia Mazoni Silva Martins highlight the critical role of legal reforms and the need to challenge societal norms to ensure women’s full participation in the economy. Removing job restrictions is not only about fairness but also about addressing labor market inefficiencies and boosting overall economic flexibility.

Read Martin Wolf's new op-ed about the 2024 World Development Report's findings and recommended #3istrategy for overcoming the "middle-income trap." #WDR2024 https://lnkd.in/eu839qmU

New research in #Brazil shows that empowering teachers to implement innovative pedagogical activities can improve educational outcomes, even when institutional capacity is limited. Find out more: https://lnkd.in/eEWqryBf #DiME #Education

September 16, 9:00-10:30 AM EDT: Join us live for a talk hosted by the World Bank. https://lnkd.in/exRkFxbZ Joshua Blumenstock, Chancellor’s Associate Professor at the University of California, Berkeley School of Information and University of California, Berkeley, Goldman School of Public Policy, will share findings from his latest research using new?#data?and technology to monitor?welfare?and help reduce?poverty and vulnerability.

DaTax, the new World Bank Tax Data Lab, invites you to its launch event to explore how #tax microdata is shaping the future of #publicfinance design by addressing key policy questions in areas such as taxation, firm dynamics, and labor markets. Register now! https://wrld.bg/zp7j50TgL90 ?? September 24 – 11:00 am (ET) ??? Register now: https://wrld.bg/uFL750TgMhA ? Join leading experts and policymakers as they explore new research, insights and policy developments based on detailed tax data. Be part of the conversation influencing the future of sustainable public finance systems. #DaTaxWB ? This event is part of the ???????? ?????? ???????? ?????????????????? ????????. Visit the week’s website for the full agenda and details on other events: https://wrld.bg/zp7j50TgL90