Publication: Business Environment Reforms in Fragile and Conflict-Affected Situations: What Works and Why?
Date
2022
ISSN
Published
2022
Author(s)
Ghossein, Tania
Rana, Ahmed Nauraiz
Abstract
Economies that are suffering from
fragility, conflict and violence (three distinct yet
interconnected elements of FCS) confront intractable
poverty, and faltering growth – missing out on development
objectives by significant margins. As the poverty rate in
FCS has increased, the number of poor people in those
economies has increased from 180 million to nearly 300
million – almost at par with the number of poor in non-FCS
economies (which constitute 90 percent of global
population). It is estimated that by 2030, two-thirds of the
global poor will be concentrated in fragile states. This
means that ending extreme poverty requires accelerating
gains where poverty has been most intractable: in FCS. By
definition, the economies concerned are often characterized
by weak institutions and political instability, and lower
level of private sector development to promote business-led
growth. FCS economies require significant reforms to policy
and delivery mechanisms along multiple dimensions to achieve
growth and poverty reduction.
Link to Data Set
Citation
“Ghossein, Tania; Rana, Ahmed Nauraiz. 2022. Business Environment Reforms in Fragile and Conflict-Affected Situations: What Works and Why?. Equitable Growth, Finance and Institutions Insight;. © World Bank, Washington, DC. http://hdl.handle.net/10986/37917 License: CC BY 3.0 IGO.”