Corporate Flagships
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The current corporate publications that are World Bank Group flagships are: World Development Report (WDR); Global Economic Prospects (GEP), Doing Business (DB), and Poverty and Shared Prosperity (PSP). All go through a formal Bank-wide review and are discussed with the Board prior to their release. In terms of branding, the phrase “A World Bank Group Flagship Report” will be used exclusively on the cover of these publications. This label will signal that the institution assumes a higher level of responsibility for the positions held by these reports. The flagship Global Monitoring Report (GMR) is no longer produced. The flagship Doing Business is no longer produced.
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Publication
World Development Report 1999/2000: Entering the 21st Century
(New York: Oxford University Press, 1999) World Bank"The development landscape is being transformed--confronting policymakers with new challenges and calling into question existing practices." Policymakers in the next century will need to pursue development across a transformed economic, political, and social landscape. "Entering the 21st Century" examines the contours of the changing development landscape and charts the way forward. The World Development Report 1999/2000, the 22nd edition in this annual series, focuses on two forces of change: the integration of the world economy and the increasing demand for self government, which will affect responses to key issues such as poverty reduction, climate change, and water scarcity. The forces of globalization and localization will require nation states to sustain a dynamic equilibrium with international and subnational partners. The nature of this equilibrium will have far reaching implications for the gains from trade and capital flows, the fruitfulness of global environmental agreements, the pace of regional growth, and the scope of urban development. By drawing on a wealth of recent research on cross-country experience, the Report proposes a rich menu of rules and policies that can serve as the ingredients of a comprehensive approach to development. It explores their applicability, for example, in the cases of urban development in Pakistan and decentralization in Brazil. The challenges remain great, but the opportunities available in the new century hold out prospects for a better future. The Report also includes selected World Development Indicators. The World Development Report 1999/2000 provides invaluable guidance for decisionmakers in the next century. -
Publication
Global Economic Prospects and the Developing Countries 1998-99
(Washington, DC: World Bank, 1999) World BankThe global economic crisis that began in Thailand on July 2, 1997, dominates the world economic scene for more than a year. Global Economic Prospects and the Developing Countries 1998/99 lays out the anatomy of the crisis, and assesses both the short- and long-term outlooks for the world economy and developing countries in the aftermath of the crisis. There is not unanimity on many key issues, yet Chapters 2 and 3 represent the World Bank’s interim research findings. The report aims to identify areas where there is and where there is not a consensus; and when there is not, trying to identify the reasons, whether it is alternative models of the economy or interpretations of the evidence. -
Publication
World Development Report 1998/1999: Knowledge for Development
(New York: Oxford University Press, 1998) World BankThis is the twenty-first in the annual series assessing major development issues. This report acknowledges that knowledge, not capital, is the key to sustained economic growth and improvements in human well-being. It distinguishes between two sorts of knowledge: knowledge about technology, called technical knowledge or simply know-how, and knowledge about attributes, that is, knowledge about products, processes, or institutions. The report focuses on the relationship between the unequal distribution in know-how (knowledge gaps) across and within countries and the difficulties posed by having incomplete knowledge of attributes (information problems). In the first of three parts, the report discusses the importance of knowledge to development, and the risks and opportunities that the information revolution poses for developing countries. It then examines three critical steps that developing countries must take to narrow knowledge gaps: acquiring knowledge, absorbing knowledge, and communicating knowledge. Part 2 discusses the nature and extent of information problems, specific information problems, and three areas where information problems are most severe, namely in financial information, in environmental research, and in listening to the poor. Part 3 summarizes what knowledge and information requirements mean for developing government and international institution policies. -
Publication
Global Economic Prospects and the Developing Countries 1997
(Washington, DC: World Bank, 1997-09-30) World BankThe year’s report projects an increase in the growth rate of global output, with notable contributions from Sub-Saharan Africa, the developing countries of Europe and Central Asian, and East Asian countries. This report places special emphasis on the role of the “Big 5” developing and transition economies – China, India, Indonesia, Brazil, and Russia – in the future of the global economy. In addition to assessing the current state of the world economy, this report discusses the expansion of global production and the costs of making the transition to a more open economy -
Publication
World Development Report 1997: The State in a Changing World
(New York: Oxford University Press, 1997) World BankThis is the twentieth in the annual series assessing major development issues. The report is devoted to the role and effectiveness of the state: what it should do, how it should do it, and how it can improve in a rapidly changing world. Governments with both centrally-planned and mixed economies are shrinking their market role because of failed state interventions. This report takes an opposite stance: that state's role in the institutional environment underlying the economy, that is, its ability to enforce a rule of law to underpin transactions, is vital to making government contribute more effectively to development. It argues against reducing government to a minimalist state, explaining that development requires an effective state that plays a facilitator role in encouraging and complementing the activities of private businesses and individuals. The report presents a state reform framework strategy: First, focus the state's activities to match its capabilities; and second, look for ways to improve the state's capability by re-invigorating public institutions. Successful and unsuccessful examples of states and state reform provide illustrations. -
Publication
Global Economic Prospects and the Developing Countries 1996
(Washington, DC: World Bank, 1996-04-30) World BankThis year's report starts from the observation that the participation of developing countries in the accelerated pace of integration over the past decade has been marked by large disparities. While some developing countries have rapidly expanded their engagements in world trade and capital markets, many others have not. Some have even become less integrated with the global economy. Globalization and its impact on developing countries raises policy and research issues that researchers are now beginning to understand more clearly. -
Publication
World Development Report 1996: From Plan to Market
(New York: Oxford University Press, 1996) World BankThis World Development Report examines the transition of countries with alternative systems of centrally planned economies back to a market orientation. These countries seceded from the world market economy between 1917 and 1950 and now face a massive restructuring task. This transition goes beyond typical reforms because the change is deep and systemic, requiring the establishment of key market institutions. This report analyzes two sets of overarching questions. The first series focuses on the initial challenges of transition and how different countries have responded. It examines: (i) whether differences in transition policies and outcomes reflect different reform strategies, or whether they reflect primarily country-specific factors such as economic structure, the level of development, or the impact of simultaneous political changes; (ii) whether strong liberalization and stabilization policies are needed up front, or if other reforms can progress equally well without them; (iii) whether privatization is necessary early in the reform process or at all; and (iv) whether there has to be a gulf between winners and losers from transition. The second set of questions looks beyond these challenges to the longer-term agenda of consolidating the reforms by developing the institutions and policies that will help the new market system to flourish. It focuses on: (i) how countries in transition should develop and strengthen the rule of law and control corruption and organized crime; (ii) how they can build effective financial systems; (iii) how governments should restructure themselves to meet the needs of a market system; (iv) how countries can preserve and adapt their human skills base; (v) why international integration is so vital for transition, and what the implications are for trading partners and capital flows; and (vi) how external assistance can best support countries in transition. -
Publication
Global Economic Prospects and the Developing Countries 1995
(Washington, DC: World Bank, 1995-04-30) World BankThis year’s report derives its main theme from a fundamental change that is taking place in the world economy today – globalization. This change is being driven both by widespread adoption of market liberalization policies and by technological change that is fast eroding physical barriers to international transactions. The report also reviews the prospects for developing countries in the context of their increasing integration into world markets for goods, services, and capital, highlighting the new opportunities and challenges that arise from closer international economic integration. The process of integration also brings frictions, the report notes, which requires closer monitoring and quicker policy responses at the country, regional, and global levels. -
Publication
World Development Report 1995: Workers in an Integrating World
(New York: Oxford University Press, 1995) World BankThis eighteenth annual report assesses what a more market-driven and integrated world means for workers. It asks which development strategies best address workers' needs, and what domestic labor market policies can do to establish a more equitable distribution of income, greater job security, and higher workplace standards, while preserving and indeed enhancing the efficiency of labor markets. The report concludes that global integration holds out the prospect of tremendous future gains for the world's work force - but no guarantees. Sound domestic and international policies are indispensable for realizing the promise of a prosperous, integrated global workplace. Policies that rely on markets while avoiding or correcting market failures, that invest in people[A[B, that provide a supportive environment for family farms as well as emerging industrial and service sectors - all these are good for workers. Governments continue to exercise important functions: building and maintaining the social framework within which workers, unions, and firms interact to set wages and working conditions; supporting workers who are hurt when industries or whole economies suffer major shocks; and defending the rights of the most vulnerable workers, whether they be child laborers victimized by exploitation, or women or ethnic minorities suffering from discrimination. In those economies that are less prepared to face global competition - in particular, those emerging from central planning - public action has a particularly important role in promoting labor mobility, easing the cost of transition, and reaching those left out. This report includes the World Development Indicators. -
Publication
Global Economic Prospects and the Developing Countries 1994
(Washington, DC: World Bank, 1994-04-30) World BankThis year’s report gives special attention to international trade in commodities, a subject of central importance to many developing countries, as commodity exports continue to be a large component of their total exports. Chapter 1 deals with global conditions and prospects for developing countries. Chapters 2 and 3 examine trends in international commodity markets and implications of commodity dependence for growth and development in low-income countries.