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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Now showing 1 - 10 of 13
  • Publication
    Global Economic Prospects, January 2022
    (Washington, DC: World Bank, 2022-01-11) World Bank
    The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt restructuring, this will be more difficult to achieve than in the past. Climate change may increase commodity price volatility, creating challenges for the almost two-thirds of emerging market and developing economies that rely heavily on commodity exports and highlighting the need for asset diversification. Social tensions may heighten as a result of the increase in inequality caused by the pandemic. These challenges underscore the importance of strengthened global cooperation to promote a green, resilient, and inclusive recovery path.
  • Publication
    Global Economic Prospects, June 2021
    (Washington, DC: World Bank, 2021-06-08) World Bank
    The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominently among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies.
  • Publication
    Global Economic Prospects, June 2020
    (Washington, DC: World Bank, 2020-06-08) World Bank
    The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers’ immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates.
  • Publication
    Global Economic Prospects, January 2019: Darkening Skies
    (Washington, DC: World Bank, 2019-01-08) World Bank
    Global economic prospects have darkened. Financing conditions have tightened, industrial production has moderated, and trade tensions remain elevated. The recovery in emerging market and developing economies has stalled, and some countries have experienced significant financial stress. Downside risks have increased, including the possibility of disorderly financial market movements and escalating trade disputes. It is thus critical to rebuild policy buffers while fostering potential growth by boosting human capital, promoting trade integration, and addressing informality. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the challenges posed by informality and associated policy options. The report also contains pieces on the remarkable decline in inflation in emerging market and developing economies over the past decades, rising debt vulnerabilities in low-income countries, and the implications of large spikes in food prices for poverty. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.
  • Publication
    Global Economic Prospects 2006 : Economic Implications of Remittances and Migration
    (Washington, DC: World Bank, 2005-11) World Bank
    The themes of the 2006 Global Economic Prospects (GEP) are international remittances and migration, their economic consequences, and how policies can increase their role in reducing poverty. The GEP explores the gains and losses from international migration from the perspective of developing countries, with special attention to the money that migrants send home. The report also considers policy initiatives that could improve the developmental impact of migration, with particular attention to remittances. The first chapter reviews recent developments in and prospects for the global economy and their implications for developing countries. Chapter 2 uses a model-based simulation to evaluate the potential global welfare gains and distributional impact from an increase in high-income countries' labor force caused by migration from developing countries. Chapter 3 surveys the economic literature on the benefits and costs of migration for migrants and their countries of origin. Chapter 4 investigates the size of remittance flows to developing countries, the use of formal and informal channels, the role of government policies in improving the development impact of remittances, and, their macroeconomic impact. Chapter 5 addresses the impact of remittances at the household level. The last chapter investigates policy measures that could lower the cost of remittance transactions for poor households and measures to strengthen the financial infrastructure supporting remittances.
  • Publication
    Global Economic Prospects and the Developing Countries 1998-99
    (Washington, DC: World Bank, 1999) World Bank
    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.
  • Publication
    Global Economic Prospects and the Developing Countries 1997
    (Washington, DC: World Bank, 1997-09-30) World Bank
    The 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
    Global Economic Prospects and the Developing Countries 1996
    (Washington, DC: World Bank, 1996-04-30) World Bank
    This 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
    Global Economic Prospects and the Developing Countries 1995
    (Washington, DC: World Bank, 1995-04-30) World Bank
    This 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
    Global Economic Prospects and the Developing Countries 1994
    (Washington, DC: World Bank, 1994-04-30) World Bank
    This 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.