Publication: The Metaverse
Loading...
Date
2022-06-08
ISSN
Published
2022-06-08
Author(s)
Editor(s)
Abstract
The Metaverse, widely regarded as a successor to today’s internet, is a concept embodying a unified digital world that is tightly connected to the physical world. In the Metaverse, people can interact without physical or geographic constraints and enjoy a compelling sense of social presence. This offers a positive impact on the real world in various areas. In addition, the Metaverse can serve as a globally unified economic system for digital content that enables entities in different countries to interact frictionlessly. The emerging technologies curation series aims to capture and share Korea’s experience and lessons learned in regard to the exploration and adoption of emerging technologies such as blockchain, AI, edge-computing, IoT, 5G, and so forth. This third issue in the series briefly describes the Metaverse and its potential for solving development challenges, alongside key highlights of Korea’s experience.
Link to Data Set
Citation
“World Bank. 2022. The Metaverse. Emerging Technologies Curation Series; No.3. © World Bank. http://hdl.handle.net/10986/39957 License: CC BY-NC 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Socio-Economic Assessment of Broadband Development in Egypt(Washington, DC, 2010-08)The Government of Egypt has recognized broadband as being of strategic importance to the country´s economic and social development and it is developing a new strategy to develop access and use of broadband networks and services. As a specific target of this strategy, the government seeks to increase broadband penetration to 20 connections per 100 inhabitants by 2013. This report is the result of the second part of the existing reimbursable technical assistance on communications by which the World Bank has been providing assistance to the government of Egypt in the development of this broadband strategy. The objective of this particular assignment is to support the policy making process to develop broadband services and infrastructure throughout Egypt and achieve substantial economic impact in the economy including specific intermediary sectors. This assignment builds of the outcomes of the previously delivered study (strategic options for broadband development, 2010) and it uses both qualitative and quantitative approaches to provide specific advisory outputs.Publication Understanding Risk : Review of Open Source and Open Access Software Packages Available to Quanify Risk from Natural Hazards(World Bank Group, Washington, DC, 2014-11)The World Bank s disaster risk management (DRM) activities utilize a range of open access and open source computational modelling tools to quantify the risk posed by natural hazards. An important goal of these activities is to build capacity among national and local governments and international development professionals working in disaster risk management. A key decision in these activities is the choice of modelling tool that will be used to address the hazard, exposure, and/or risk question under consideration. This document presents an objective analysis of freely available hazard and risk modelling software in order to facilitate selection of appropriate tools for various DRM activities. There have been previous evaluations of freely available modelling tools across various natural hazards, but this is the first multi-hazard systematic review using a set of consistent criteria. The analysis covers hazard risk models for cyclone (wind), storm surge and tsunami, earthquake, and flood.Publication Strategic Electronic Government Procurement : Standards Framework(World Bank, Washington, DC, 2004-03)Standards are the infrastructure of commerce. Just as power networks and transport systems are the infrastructure of economic production. The establishment of each of these infrastructures forms a cornerstone for modern economies. It is important that executives and managers be able to appreciate and engage with these issues if the risks to governments are to be managed. Web architects and developers may recoil in horror that government policy and leadership might intrude into these issues. But government is an obvious leader, not suggesting that it should or could regulate such standards, but because of the significance of its choices for its own operations and the weight that these carry in the economy. Government leadership in this area is more often de facto than de jure, but leadership nonetheless, which reflects the reality that government represents more than one third of the economy in most countries. This reality will be of particular significance to developing countries seeking to accelerate the technological activation of their economies and communities.Publication Feasibility Assessment for Developing a Mobile Applications Sector in Afghanistan(Washington, DC, 2014)Afghanistan has made significant progress in its development since 2001. Yet, these achievements remain continually fragile because of a volatile security situation and limited human capacity. In spite of these constraints, the information and communications technology (ICT) sector in the country has witnessed remarkable growth. The study estimated that the mobile app market will grow from its estimated $20-$33 million to $48-$60 million, at least twice the current size in the next three years. Gaps include lack of relevant skills and experience needed for the mobile app market (and also absences in resources needed to provide these skills), a deficiency in the awareness of the potential of mobile technology, and barriers because of the use of multiple languages and low levels of English language fluency. Methods to access the end user of mobile products remain nonexistent. The study notes that increased awareness, relevant skills, and access to practical experience in the mobile industry are a top priority. As such developers need access to tools that are localized. Finally, an alternative application distribution mechanism, which enables access to a greater market and capacity to bill services, is essential. The study underscores the importance of leveraging the existing government initiatives: an ICT incubator and related programs funded through the World Bank Group, other donor driven programs providing access to funding, and locally driven grassroots programs supporting awareness raising. To address the problem of end-user access, the study offers a game-changing proposal to establish an app store that is built locally and provides locally relevant content. The app store can raise further awareness and build a pipeline of entrepreneurs and users to further drive the mobile market. The report attached provides a synopsis of the mapping of the ecosystem and a survey of current initiatives and existing gaps. Recommendations and a roadmap for designing future programs targeting mobile entrepreneurs are also included in the report. The subsequent PowerPoint offers a unique presentation of the analysis and results for this specific study.Publication Republic of Tunisia : Information and Communications Technology Contribution to Growth and Employment Generation, Volume 2. Technical Report(Washington, DC, 2002-03)This policy note is the first of two volumes, drafted in conjunction with a more detailed technical report. It was prepared in response to a request by the Government of Tunisia for Bank assistance to formulate an ICT development strategy, in accordance with the targets set in the Government of Tunisia's 10th development plan. The policy note highlights current constraints to ICT sector development and proposes measures to eliminate them. It should be read in conjunction with the broader strategy report (volume two: technical report), which contains complementary data and technical information. The Government objectives were conveyed to the World Bank team in May 2001. The strategy is aimed at bolstering the country's emerging ICT sector and maximizing its ability to compete in local, regional, and global markets. In this context, the major objectives of the ICT strategy are to: (a) maximize the ICT contribution to growth and employment generation; (b) position Tunisia in the global ICT market; and (c) integrate ICT into the Tunisian economy. Indirect issues of the ICT impact on productivity and competitiveness are marginally treated in this note. The report compares the state of ICT development in Tunisia that of other economies, taking into account Tunisia's relative strengths and weaknesses in developing a competitive and robust ICT industry. The report outlines the pillars of a strategy and specifies measures to be implemented by the Government, the private sector, and other stakeholders.
Users also downloaded
Showing related downloaded files
Publication Private Solutions for Infrastructure in Rwanda : A Country Framework Report(Washington, DC: World Bank, 2005)This report aims to provide an objective assessment of the condition of Rwanda's infrastructure sectors and of the institutional and policy frameworks that are associated with them. It also provides a clear route map for infrastructure sector reform, as well as highlighting both the opportunities that exist for the private sector and the role that the donor community can play in assisting the Government with establishing priorities in infrastructure.Publication World Development Report 2017(Washington, DC: World Bank, 2017-01-30)Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? This book addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.Publication Causes of Deforestation of the Brazilian Amazon(Washington, DC: World Bank, 2004)The worldwide concern with deforestation of Brazilian Amazonia is motivated not only by the irreversible loss of this natural wealth, but also by the perception that it is a destructive process in which the social and economic gains are smaller than the environmental losses. This perception also underlies the diagnosis, formulation and evaluation of public policies proposed by government and non-governmental organizations working in the region, including the World Bank. The present work suggests that a fuller understanding is necessary with regard to the motivations and identity of the agents responsible for deforestation, the evaluation of the social and economic benefits from the process and the resulting implications of public policies for the region. The objective of the report is to show that, in contrast to the 1970s and 1980s when occupation of Brazilian Amazonia was largely induced by government policies and subsidies, recent deforestation in significant parts of the region is basically caused by medium- and large-scale cattle ranching. Following a private rationale, the dynamics of the occupation process gradually became autonomous, as is suggested by the significant increase in deforestation in the 1990s despite the substantial reduction of subsidies and incentives by government. Among the causes of the transformation are technological and managerial changes and the adaptation of cattle ranching to the geo-ecological conditions of eastern Amazonia which allowed for productivity gains and cost reductions. The fact that cattle ranching is viable from the private perspective does not mean that the activity is socially desirable or environmentally sustainable. Private gain needs to be contrasted with the environmental (social) costs associated with cattle ranching and deforestation. From the social perspective, it is legitimate to argue that the private benefits from large-scale cattle ranching are largely exclusive, having contributed little to alleviate social and economic inequalities. The study notes, however, that decreases in the price of beef in national markets and increases in exports caused by the expansion of cattle ranching in Eastern Amazonia may imply social benefits that go beyond sectoral and regional boundaries.Publication Senegal : Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment(Washington, DC, 2006-06)This report provides an assessment of Senegal's corporate governance policy framework, enforcement, and compliance practices. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Senegal. The report identifies several key next steps that can be carried out in Senegal and that focus on implementation, including: (i) developing program to build awareness of the importance of corporate governance and to train directors in modern corporate governance principles; (ii) drafting a code of corporate governance; (iii) addressing governance weaknesses in the state-owned enterprises. A separate report reviews the special issues for the corporate governance of state-owned enterprises in Senegal; and (iv) revising the Organization for the Harmonization of Business Law in Africa (OHADA) uniform act for commercial companies (over the long term) to incorporate modern corporate governance principles.Publication Understanding Civil War : Evidence and Analysis, Volume 2. Europe, Central Asia, and Other Regions(Washington, DC: World Bank, 2005)The two volumes of Understanding Civil War build upon the World Bank's prior research on conflict and violence, particularly on the work of Paul Collier and Anke Hoeffler, whose model of civil war onset has sparked much discussion on the relationship between conflict and development in what came to be known as the "greed" versus "grievance" debate. The authors systematically apply the Collier-Hoeffler model to 15 countries in 6 different regions of the world, using a comparative case study methodology to revise and expand upon economic models of civil war. (The countries selected are Burundi, Congo, Democratic Republic of Congo, Nigeria, Kenya, Mozambique, Sudan, Algeria, Mali, Senegal, Indonesia, Lebanon, Russian Federation, Colombia, Northern Ireland, Bosnia-Herzegovina, Macedonia, and the Caucasus.) The book concludes that the "greed" versus "grievance" debate should be abandoned for a more complex model that considers greed and grievance as inextricably fused motives for civil war.