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Publication Competition and Productivity Growth in Latin America and the Caribbean(Washington, DC: World Bank, 2025-03-21) Vostroknutova, Ekaterina; Sampi, James; Jooste, Charl; Araujo, Jorge ThompsonCompetition is a core element of economic growth, but empirical evidence on how competition affects productivity is often limited. Competition and Productivity Growth in Latin America and the Caribbean presents new empirical research that shows how competition policy in the region has effectively boosted productivity growth and improved market outcomes. “A must-read if you are interested in understanding the relationship between competition law, competition enforcement, growth, and productivity in Latin America. A report rich with data, analysis, and recommendations that will guide policy makers in the region.” —Antonio Capobianco Deputy Head of Competition Division, Organisation for Economic Co-operation and Development (OECD) “This is a very important work both for economists and competition law scholars, the latter of whom have long taken for granted that antitrust enforcement and increased competition contribute to economic growth. While journal articles have explored this relationship, this is one of the first books to examine the issue deeply and systematically. I only wish that this volume had been published earlier, as it would have certainly benefited my own work on the subject tremendously.” —Thomas Cheng Professor and Associate Dean, Faculty of Law, University of Hong Kong, and author of Competition Law in Developing Countries “It is critical to understand how competition and competition policy affect productivity growth, the key to economic development. This book makes big strides forward in understanding these connections. It takes advantage of novel antitrust enforcement and other legal data to build evidence-based insights into how competition policies can best encourage productivity growth. There is much to be learned inside.” —Chad Syverson George C. Tiao Distinguished Service Professor of Economics, The University of Chicago Booth School of BusinessPublication The Labor Market Impact of Forced Displacement: Jobs in Host Communities in Colombia, Ethiopia, Jordan, and Uganda(Washington, DC: World Bank, 2024-12-13) von der Goltz, Jan; Schuettler, Kirsten; Bousquet, Julie; Kebede, Tewodros AragieCommunities that host refugees are often concerned about how their labor markets will change. Although high-income countries attract most policy attention, low- and middle-income countries host three of every four refugees worldwide. "The Labor Market Impact of Forced Displacement: Jobs in Host Communities in Colombia, Ethiopia, Jordan, and Uganda" seeks to address some of the key questions that arise in these host countries: How does forced displacement affect job outcomes for hosts? What effect do work permit schemes have? How does labor market competition influence attitudes? And what policies can support better job outcomes for hosts and refugees? To address these questions, the book relies on new primary data designed to study host community labor markets and on a careful comparative analysis of existing data. Its four focus countries represent low-income and middle-income economies as well as diverse policy contexts.In its key finding, "The Labor Market Impact of Forced Displacement" shows that across the focus countries, hosting refugees has modest or even positive overall labor market effects. In important instances, however, groups of host workers face adversity from greater labor market competition, while others benefit. The book explains how labor market restrictions rarely prevent refugees entirely from working but shape the type and quality of work they do, their contribution to the economy, and the effects of their participation on hosts. It shows that refugees matter not only as competitors but also as consumers, and it explains the importance of access to capital for hosts and refugees alike in economies where self-employment is key. It also discusses how hosts’ concerns over labor market competition influence their attitudes toward refugees.The book seeks to provide a basis for more confident jobs policy making in host communities. It offers lessons on how to analyze local labor market characteristics that shape outcomes for refugees and hosts alike and on how to think about the likely effects of policies. It encourages policy makers to support workers who face negative impacts—and to proactively seize the opportunities likely to arise.Publication The State of Economic Inclusion Report 2024: Pathways to Scale(Washington, DC: World Bank, 2024-11-20) Arévalo-Sánchez, Inés; Heisey, Janet; Chaudhary, Sarang; Clay, Timothy; Strokova, Victoria; Vasudeva Dutta, Puja; Andrews, ColinThe State of Economic Inclusion Report (SEI) 2024 explores efforts to scale up economic inclusion programs - bundles of coordinated, multidimensional interventions that support individuals, households, and communities to sustainably increase their incomes and assets - in the context of overlapping crisis. These programs transform the economic lives of the poorest and most vulnerable people, building their resilience and creating job opportunities. The report features data from 405 programs across 88 countries, benefiting over 70 million individuals either directly or indirectly. This marks almost doubling in the number of programs and nearly a 50 percent increase in coverage since the SEI 2021 report. Governments continue to lead in scaling up these economic inclusion programs, covering nearly three-fourths of program participants. However, non-governmental programs have also significantly contributed to the increase in coverage in recent years, in addition to serving as both service providers and capacity building providers for governments. The report offers five important contributions: 1) Positioning economic inclusion programs as crucial for building resilience and providing job opportunities for the poor and vulnerable in the face of overlapping crises. 2) Analyzing the global landscape over the past three years, highlighting the extent to which economic inclusion programs are being customized for diverse contexts and groups, including a cross-cutting focus on gender. 3) Reviewing progress and challenges in the design and implementation of government-led programs, including the interplay with communities, non-governmental organizations, and the private sector. 4) Examining the emerging agenda of designing economic inclusion programs to enhance the long-term climate resilience of poor and vulnerable individuals and communities. 5) Featuring three spotlights that unpack emerging evidence from government-led programs, customization strategies targeting youth, and the increasing role of digital tools and technologies in program delivery. Data from the report are available on the PEI Data Portal (www.peiglobal.org).Publication Fiscal Vulnerabilities in Low-Income Countries: Evolution, Drivers, and Policies(Washington, DC: World Bank, 2024-10-14) Mawejje, JosephThe world’s 26 poorest economies—home to about 40 percent of all people who live on less than $2.15 a day—are deeper in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks. Yet international aid as a share of their GDP has dwindled to a two-decade low, starving many of much-needed affordable financing. This study constitutes the first systematic assessment of the causes of chronic fiscal weakness in the very poorest economies—those with annual per capita incomes of less than $1,145 a year. These economies are poorer today on average than they were on the eve of COVID-19, even though the rest of the world has largely recovered. Government debt, on average, now stands at 72 percent of GDP, an 18-year high. Nearly half of these low-income countries (LICs)—twice the number in 2015—are either in debt distress or at high risk of it. Not one of them is at low risk.Publication Pathways to Prosperity for Adolescent Girls in Africa(Washington, DC: World Bank, 2024-10-10) Ajayi, Kehinde F.; Koussoubé, EstelleAfrica stands at a crossroads, with its future prosperity hinging on the policy and investment decisions it makes today. The continent has an opportunity to shape the trajectories of generations to come by investing in the success of a pivotal population: its adolescent girls. With over 145 million adolescent girls calling Africa home, the potential for transformative change is immense. Yet challenges persist: from high rates of child marriage to limited educational opportunities. Over half of African girls ages 15 to 19 are out of school or married or have children. How can African countries overcome these challenges to ensure that adolescent girls enter adulthood empowered to thrive? Pathways to Prosperity for Adolescent Girls in Africa offers a groundbreaking road map for change. This landmark report: Outlines concrete, actionable policy recommendations; Provides a comprehensive review of evidence-based interventions; Presents a data-driven categorization of African countries to guide investments in adolescent girls; and Introduces an innovative framework for understanding and measuring adolescent girls’ empowerment. Drawing on extensive research and consultations with adolescent girls, policy makers, and practitioners, this report reveals that investing in adolescent girls can yield a tenfold return in economic impact. It outlines six key areas for targeted action: building human capital, enhancing economic success, focusing on the most vulnerable girls, adopting a holistic approach, addressing data and evidence gaps, and mobilizing diverse stakeholders. Whether you are a policy maker, researcher, development practitioner, or advocate, this report will equip you with the knowledge and tools to drive meaningful change. Discover how empowering adolescent girls can transform individual lives and African economies. Join the movement to secure a brighter future for Africa’s adolescent girls and nations alike. The time for action is now.Publication Cybersecurity Economics for Emerging Markets(Washington, DC: World Bank, 2024-09-17) Vergara Cobos, EstefaniaIn our increasingly interconnected world, where digital technologies are rapidly transforming multiple aspects of daily life, the critical role of cybersecurity cannot be overstated, especially in developing nations. As these countries strive to harness the power of modern technology to drive economic growth, enhance public services, and elevate living standards, they concurrently face heightened risks associated with cyber threats. The increasing exposure of developing countries to cyber incidents is often compounded by various factors, including scarce resources, inadequate infrastructure, political unrest, inefficiencies in cybersecurity and technology markets, shortages of skilled cybersecurity professionals, legislative voids, and rapid rates of digital adoption. "Cybersecurity Economics for Emerging Markets" is a pioneering research work that delves into the drivers and profound consequences of cyber incidents worldwide. From economic setbacks that can destabilize entire economies to interruptions of vital services and impediments to social and economic development, the impacts of cyber incidents are far-reaching. This book analyzes hundreds of scholarly works and thousands of publicly disclosed cyber incidents over the past decade across some 190 countries. It sheds light on these incidents’ characteristics and trends, as well as the proactive roles that private market players and governments can assume to safeguard infrastructure in cyberspace effectively. The book presents practical, evidence-based policy suggestions that include efforts to strengthen the resilience of the most essential and interconnected sectors. It advocates for bolstering the national cybersecurity industries, strategizing cybersecurity research and development, addressing market failures through cybersecurity awareness and training programs, and taking proactive steps to reduce and control contagion effects from cyber incidents. By revealing crucial empirical and theoretical dimensions of cybersecurity economics, this book provides insights that could inform the creation of effective cybersecurity investments, with a focus on developing countries. These insights are invaluable for policy makers and stakeholders committed to fortifying the digital ecosystem against the ever-evolving landscape of cyber threats.Publication Equality of Opportunity for Sexual and Gender Minorities 2024(Washington, DC: World Bank, 2024-09-10) World BankBy assessing discrimination in laws, regulations, and policies, the Equality of Opportunity for Sexual and Gender Minorities (EQOSOGI) initiative examines institutionalized challenges encountered by sexual and gender minorities. This second edition of the EQOSOGI report expands its coverage from 16 to 64 countries representing different geographic areas, income levels, legal traditions, and inclusiveness of sexual and gender minorities, ensuring a diverse and holistic representation of the issues. EQOSOGI presents indicators to identify differences in the legal and policy environment for sexual and gender minorities in six areas: Decriminalization, Access to Education, Access to Labor Markets, Access to Services and Social Protection, Civil and Political Inclusion, and Protection from Hate Crimes. The indicators are also disaggregated into the three dimensions of sexual orientation, gender identity and expression, and sex characteristics. Building a global knowledge base on laws and policies affecting sexual and gender minorities is at the foundation of advocacy and policy change, especially because sexual and gender minorities are largely excluded from development efforts. By collecting and sharing data on national frameworks, the EQOSOGI study aims to promote a dialogue on equality of opportunity and to encourage law and policy reforms that enable sexual and gender minorities to fully participate in the economy and share in the benefits of development. It also aims to promote a deeper understanding of the legal hurdles hindering inclusive job creation and private sector development and, ultimately, to encourage reforms that are conducive to poverty reduction and shared prosperity on a liveable planet. The report also offers a deep dive into discriminatory legal practices in these areas and how they relate to socioeconomic outcomes for sexual and gender minorities. It provides areas of policy engagement to prevent discrimination based on sexual orientation, gender identity and expression, and sex characteristics, and to promote increased social and economic inclusion.Publication Silver Opportunity Case Studies: Experiences with Building Integrated Services for Older Adults around Primary Health Care(Washington, DC: World Bank, 2024-06-04) Hou, Xiaohui; Sharma, Jigyasa; Zhao, FengHealth care systems must be prepared to address the expanding and complex needs of an aging population. Rather than a “silver challenge,” this situation should be seen as an opportunity to reevaluate and reorganize the health care delivery system holistically. "Silver Opportunity Case Studies" presents a comprehensive examination of care for older adults in diverse economic and geographic contexts through a collection of country and regional case studies. This collection of case studies complements the synthesis volume of global evidence—Silver Opportunity: Building Integrated Services for Older Adults around Primary Health Care—by offering practical insights for decision-making, sharing knowledge, and encouraging cross-learning. The book provides a deeper understanding of the complexities involved and highlights key issues and current practices at the country level. The overarching goal of the volume is to inform policy makers, health care professionals, and other stakeholders about effective practices for caring for older adults and to support the development of evidence-based policies that enhance their health and well-being.Publication Land Policies for Resilient and Equitable Growth in Africa(Washington, DC: World Bank, 2024-04-22) Deininger, Klaus; Goyal, AparajitaLand institutions and policies will be critical to help African countries respond to the challenges of climate change, urban expansion, structural transformation, and gender equality. Together, they affect urban dwellers’ ability to access productive jobs, live in decent housing, and breathe clean air; farmers’ and women entrepreneurs’ capacity to insure against shocks, increase productivity, and diversify income sources; and governments’ ability to plan, tax property to provide services, and manage public land in a way that provides sustained local benefits by attracting investment, including via climate finance. "Land Policies for Resilient and Equitable Growth in Africa" draws on a wealth of data, examples, and studies from Africa and beyond to show that regulatory and institutional reforms can harness this potential by improving quality, coverage, usefulness, and sustainability of documented land rights. By identifying viable reforms with transformative potential that fully harness digital opportunities, this book provides practical guidance to governments seeking to enhance their land institutions’ performance; to their partners supporting such reform; and to policymakers, land professionals, scholars, and civil society aiming to lay the foundations for Africa to better utilize its economic, human, and ecological potential. "This volume provides an essential reference, based on an impressive review of the literature on land issues in Africa and an exhaustive account of policies and policy experiments aimed to promote the efficient use of this key resource for the development of the continent." — François Bourguignon, Professor Emeritus, Paris School of Economics "Many African governments will find this report highly useful. It is full of little-known successes and practical ways by which they can improve their land policies by harnessing new technologies. Africa’s urban population will rapidly triple: clarifying land rights is an urgent priority in building the successful cities of the future. By 2050, if the inherited policies of the past were retained, today’s youth would be struggling in unliveable mega-slums." — Sir Paul Collier, Professor of Economics & Public Policy, Oxford University "This is an excellent study that combines insights from years of research with practical insights for policy and action on the ground." — Jyotsna Puri, Associate Vice President, Strategy and Knowledge, International Fund for Agricultural Development "Land institutions affect the effective use of land but also the functioning of credit, labor, and product markets. Nowhere are these issues more relevant than in Africa, and this report is important and timely." — Johan Swinnen, Director General, International Food Policy Research Institute "This report illustrates how legal and institutional reforms that capitalize on digital opportunities can strengthen land institutions and policies to optimize land use, enhance people’s rights, narrow gender disparities, and catalyze structural transformation in a manner that aligns with the continent’s distinctive context and serve as a pivotal instrument for social and economic advancement." — Maximo Torero, Chief Economist, Food and Agriculture OrganizationPublication The Great Reversal: Prospects, Risks, and Policies in International Development Association (IDA) Countries(Washington, DC: World Bank, 2024-04-15) Chrimes, Tommy; Gootjes, Bram; Kose, M. Ayhan; Wheeler, ColletteThe 75 economies eligible for low-interest loans and grants from the World Bank’s International Development Association (IDA) made notable progress against some important development objectives over the first two decades of this century. Despite this, on the eve of the COVID-19 pandemic, significant development gaps persisted, convergence of IDA country incomes with those of advanced economies was slowing, and some vulnerabilities were rising. The shock of the pandemic and subsequent overlapping crises has exacerbated the challenges facing these economies and led to a reversal in development: over 2020-24, per capita incomes in half of IDA countries—the largest share since the start of this century—have been growing more slowly than those of wealthy economies. One out of three IDA countries is poorer than it was on the eve of the pandemic. Poverty remains stubbornly high, hunger has surged, and amid fiscal constraints and rising investment needs, the development outlook could take an even bleaker turn—especially if weak growth prospects persist. IDA countries have several important demographic and resource advantages that could—if leveraged effectively—help close development gaps. Reaping the benefits of their advantages and meeting their investment needs will require them to undertake comprehensive policy measures to bolster fiscal and monetary frameworks, enhance human capital development, and improve the quality of institutions. These policies should be complemented with significant and consistent international financial support as well as strong cooperation on global policy issues.