Stand alone books

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Working with Smallholders: A Handbook for Firms Building Sustainable Supply Chains (Third Edition)

(Washington, DC: World Bank, 2023-09-18) International Finance Corporation

A number of global trends, such as concurrent rises in incomes and urbanization, are driving the increased consumption of meat, dairy, and biofuels. Meeting the demand for products will require considerable increases in global production, particularly in South Asia and Sub-Saharan Africa, where smallholder farming predominates and yields remain low. At the same time, it will be essential to promote improved food quality, to reduce negative impacts on health, while additional initiatives must address how to reduce food losses. Climate change is bringing further stressors. These challenges also present opportunities to help smallholder farmers boost their productivity by facilitating better access to inputs, technology, knowledge, financing, and markets. Agribusinesses are increasingly working with smallholder farmers in low- and middle-income countries to secure agricultural commodities, which help to boost rural incomes and economic growth. Smallholders also represent a growing market for farm inputs, information, and financial services. 'Working with Smallholders: A Handbook for Firms Building Sustainable Supply Chains' shows agribusinesses how to develop more sustainable, resilient, and productive supply chains and the substantial impact of doing so on development. The book compiles innovative solutions and cutting-edge ideas to meet the challenges, and illustrating these points through a variety of case studies from initiatives around the world. This third edition builds on the lessons learned and provides updates in leading trends and technologies from those provided in the second edition published in 2018 including the potential for digital technologies and increased demands for sustainable farming. Although written principally to outline training and assistance needs and opportunities for the private sector -- whether in high-income or low- and middle-income markets -- the handbook may be useful to the staffs of governmental or nongovernmental agricultural development programs working with smallholders, as well as to academic and research institutions.
Innovative Korea: Leveraging Innovation and Technology for Development

(Washington, DC: World Bank, 2023-08-21) Soh, Hoon Sahib ; Koh, Youngsun ; Aridi, Anwar ; editors

The Republic of Korea today is a highly industrialized, global leader in innovation and technology. It is the 10th largest economy in the world and has a per capita income approaching the average of OECD countries. In the 1950s, however, it was one of the world’s poorest countries, with decidedly bleak prospects. Its transformation has made Korea a well-known case study of successful development. "Innovative Korea: Leveraging Innovation and Technology for Development" summarizes the sources of Korea’s remarkable growth and the policies and institutional reforms that made it possible. The report focuses on Korea’s successful transition from a middle-income to a high-income economy. Korea escaped from the “middle-income trap” by fundamentally transforming its growth paradigm to a more private-sector-led model emphasizing market competition, innovation, and technology. Compared to the previous emphasis on large firms and industries, the government became more focused on promoting small and medium enterprises and technology entrepreneurs. Exports expanded significantly through greater integration in global value chains. Already-high levels of human capital development were complemented by an expanded social safety net and a more integrated approach to education and training. Korea succeeded by focusing on the foundations of long-run growth, building global capabilities in innovation and technology, and adapting and evolving its growth paradigm to promote new sources of growth. Innovative Korea, jointly prepared by the World Bank and the Korea Development Institute, provides useful insights on Korea’s development story and practical lessons for public policy making.
Collapse and Recovery: How the COVID-19 Pandemic Eroded Human Capital and What to Do about It

(Washington, DC: World Bank, 2023) Schady, Norbert ; Holla, Alaka ; Sabarwal, Shwetlena ; Silva, Joana ; Yi Chang, Andres

Worldwide, the COVID-19 pandemic has been an enormous shock to mortality, economies, and daily life. But what has received insufficient attention is the impact of the pandemic on the accumulation of human capital—the health, education, and skills—of young people. How large was the setback, and how far are we still from a recovery? Collapse and Recovery estimates the impacts of the pandemic on the human capital of young children, school-age children, and youth and discusses the urgent actions needed to reverse the damage. It shows that there was a collapse of human capital and that, unless that collapse is remedied, it is a time bomb for countries. Specifically, the report documents alarming declines in cognitive and social-emotional development among young children, which could translate into a 25 percent reduction in their earnings as adults. It finds that 1 billion children in low- and middle-income countries missed at least one year of in-person schooling. And despite enormous efforts in remote learning, children did not learn during the unprecedentedly long school closures, which could reduce future lifetime earnings around the world by US$21 trillion. The report quantifies the dramatic drops in employment and skills among youth that resulted from the pandemic as well as the substantial increase in the number of youth neither employed nor enrolled in education or training. In all of these age groups, the impacts of the pandemic were consistently worse for children from poorer backgrounds. These losses call for immediate action. The good news is that evidence-based policies can recover these losses. Collapse and Recovery reviews governments’ responses to the pandemic, assessing why there was a collapse in human capital accumulation, what was missing in the policy architecture to protect human capital during the crisis, and how governments can better prepare to withstand future shocks. It offers concrete policy recommendations to recover losses in human capital—programs that will end up paying for themselves in the long term. To better prepare for future shocks such as climate change and wars, the report emphasizes the need for solutions that bring health, education, and social protection programs together in an integrated human development system. If countries fail to act, the losses in human capital documented in this report will become permanent and last for multiple generations. The time to act is now.
Commodity Markets: Evolution, Challenges and Policies

(Washington, DC: World Bank, 2022-12) Baffes, John (ed.) ; Nagle, Peter (ed.)

Commodity markets are integral to the global economy. Understanding what drives developments of these markets is critical to the design of policy frameworks that facilitate the economic objectives of sustainable growth, inflation stability, poverty reduction, food security, and the mitigation of climate change. This study is the first comprehensive analysis examining market and policy developments for all commodity groups, including energy, metals, and agriculture, over the past century. It finds that, while the quantity of commodities consumed has risen enormously, driven by population and income growth, the relative importance of commodities has shifted over time, as technological innovation created new uses for some materials and facilitated substitution among commodities. The study also shows that commodity markets are heterogeneous in terms of their drivers, price behavior, and macroeconomic impact on emerging markets and developing economies, and that the relationship between economic growth and commodity demand varies widely across countries, depending on their stage of economic development. Policy frameworks that enable countercyclical macroeconomic responses have become increasingly common—and beneficial. Other policy tools have had mixed outcomes.
Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries

(Washington, DC: World Bank, 2022-03-04) Brenton, Paul ; Ferrantino, Michael J. ; Maliszewska, Maryla

Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries over the past three decades. Reshaping Global Value Chains in Light of COVID-19: Implications for Trade and Poverty Reduction in Developing Countries examines the economic impact of the COVID-19 (coronavirus) pandemic on GVCs and explores whether they can continue to be a driver of trade and development. The book undertakes the following: • Assesses what the impact of previous crises, such as the global financial crisis of 2008–09, can say about of the resilience of GVC firms to shocks • Examines what high-frequency data on trade flows can show about the impact of COVID-19 during the sharp global recession of 2020 • Uses discussions with GVC firms to gain a deeper understanding of the impacts of—and their responses to—the COVID-19 shock • Explores simulations from a global economic model to assess the potential longer-term impacts of COVID-19 on low- and middle-income countries and key factors shaping the global economy, including the evolving role of China, the rise of trade restrictions, and policy responses to global warming • Asks what steps countries and international institutions can take to enhance the resilience of GVCs in low-income countries to future shocks. The analysis shows that well-operating GVCs are a source of resilience more than a source of vulnerability. Moreover, steps to maintain and enhance trade contribute to managing a crisis and recovery, while measures to reshore production make all countries worse off. This economic crisis offers countries an opportunity to reshape the global economy into a greener, more resilient, and inclusive system that is better equipped for a changing world. Trade is a powerful tool for achieving this aim.
Innovations in Tax Compliance: Building Trust, Navigating Politics, and Tailoring Reform

(Washington, DC: World Bank, 2022-02-17) Dom, Roel ; Custers, Anna ; Davenport, Stephen R. ; Prichard, Wilson

Recent decades have seen important progress in strengthening country tax systems. Yet many areas of reform have remained stubbornly resistant to major improvements. Overall, revenue collection still falls short of that needed for effective governance and service delivery. Tax collection is too often riddled with high rates of evasion among large corporations and the rich and by disproportionate, though often hidden, burdens on lower-income groups. As countries around the world deal with the large debt burdens induced by COVID-19, an in-depth look at how to strengthen tax systems is especially timely. Innovations in Tax Compliance: Building Trust, Navigating Politics, and Tailoring Reform takes a fresh look at tax reform. The authors draw on recent research and experience for their new conceptual framework to guide more effective approaches to reform. Building on the achievements of recent decades, they argue for a greater emphasis on the overlapping goals of building trust, navigating political resistance, and tailoring reform to unique local contexts—an emphasis achieved by identifying the most binding constraints on reform. This focus not only can lead to greater compliance, a fairer system, and higher revenues, but also can contribute to building state capacity, sustained political support for further reforms, and a stronger fiscal contract between citizens and governments.
Africa in the New Trade Environment: Market Access in Troubled Times

(Washington, DC: World Bank, 2022-02-10) Coulibaly, Souleymane ; Kassa, Woubet ; Zeufack, Albert G. ; Mattoo, Aaditya ; Coulibaly, Souleymane ; Kassa, Woubet ; Zeufack, Albert G.

Sub-Saharan Africa represents only a small share of global production and trade while hosting half of the extreme poor worldwide. To catch up with the rest of the world, the continent has no alternative: it must undertake reforms to scale up its supply capacity while better linking its production and trade to the global economy. If it does so, it stands to gain from unlimited demand and innovation along the supply chain. Some progress has been made over the past decade, with the region’s exports and imports growing rapidly. Because most African economies rely heavily on trade for a large share of national income, they will also be more vulnerable to the trade disruptions of external shocks, as illustrated by the recent COVID-19 pandemic. Africa in the New Trade Environment: Market Access in Troubled Times provides a comprehensive, state-of-the-art analysis by a team of renowned trade economists who present a strategy to bolster Sub-Saharan Africa’s market access in the current global environment.
The Fast Track to New Skills: Short-Cycle Higher Education Programs in Latin America and the Caribbean

(Washington, DC: World Bank, 2021-09-29) Ferreyra, María Marta ; Dinarte, Lelys ; Urzúa, Sergio ; Bassi, Marina

Higher education in Latin America and the Caribbean (LAC) has expanded dramatically in the new millennium, yet enrollment in short-cycle programs (SCPs) is still relatively low. Shorter and more practical than bachelor’s programs, SCPs can form skilled human capital fast. The economic crisis created by the COVID-19 pandemic has accentuated underlying trends, such as automation, the use of electronic platforms, and the need for lifelong learning. Addressing these demands requires the urgent upskilling and reskilling of the population—a task for which SCPs are uniquely suited. The Fast Track to New Skills: Short-Cycle Higher Education Programs in Latin America and the Caribbean explores the labor market outcomes and returns of SCPs, examines their providers, and identifies the practices adopted by the best programs. Relying on unique data that includes a novel survey of SCP directors in five LAC countries, it finds that while SCPs generate, on average, good labor market outcomes, they vary greatly in quality. SCP providers respond quickly and flexibly to local economy needs; and specific practices related to faculty, job search assistance, and interaction with prospective employers are distinctive of the best programs. Drawing on these findings, The Fast Track to New Skills discusses how to create an environment where good programs are offered and students have the interest and means to attend them. It draws attention to a higher education sector that has been typically overlooked, both in research and policy. The Fast Track to New Skills will be of interest to policy makers, researchers, and the public at large.
Global Productivity: Trends, Drivers, and Policies

(Washington, DC: World Bank, 2021-06-04) Dieppe, Alistair ; Dieppe, Alistair

The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide-range of policies needed to rekindle productivity growth. The book also provides a far-reaching dataset of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies and introduces a new sectoral database of productivity.
An Investment Perspective on Global Value Chains

(Washington, DC: World Bank, 2021-05-13) Qiang, Christine Zhenwei ; Liu, Yan ; Steenbergen, Victor ; Heher, Ulla ; Paganini, Monica ; Eltgen, Maximilian Philip ; Chong, Yew Keat

This book examines the role of foreign direct investment (FDI) in global value chains (GVCs). To stimulate economic transformation through GVCs, policy makers in developing countries need to better understand the business strategies of multinational corporations (MNCs), internationalization pathways for domestic firms, and how policies can create a favorable environment for both types of firms. Part I brings together the latest theories and empirical evidence to illustrate the mutually reinforcing relationship between FDI and GVC participation. It argues that MNCs have driven the phenomenal rise of GVCs in the past three decades as they have unbundled production processes and spread their networks on a global scale. Domestic firms benefit considerably from their participation in GVCs as they learn from MNCs through investment, partnerships, or trade. Part II includes six case studies examining the approaches of developing countries to leveraging FDI to stimulate and facilitate GVC participation and upgrading. The cases include Kenya (horticulture), Honduras (apparel), Malaysia (electronics), and Mauritius (tourism). Another case focuses on the digital economy for the Republic of Korea, India, and China. Each case study presents a different approach by which policy makers have leveraged FDI to stimulate and facilitate GVC participation and upgrading. A quantitative case study on Rwanda and West Bengal, India, uses firm- and transaction-level data to provide new insights into the dynamics between MNCs and domestic firms in selected value chains. The report also discusses the recent COVID-19 (coronavirus) pandemic and its potential impact on FDI and GVCs. The outbreak has triggered new questions about GVCs and accelerated precrisis global trends such as digitalization and economic nationalism. How MNCs and their supplier firms respond to the supply and demand shocks as well as policy uncertainties will play a critical role in crisis responses and recovery.