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.
The 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.