The state of globalisation: A new eBook
Three forces have always shaped globalisation – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in
Tax incentives for R&D can spur innovation and growth—when done right
As the debate around industrial policy intensifies, there is broad consensus on the rationale for government support to encourage private sector innovation. Economy-wide returns from
Sovereign bonds, convenience yields, and the resurgence of supply shocks
Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows
Why going “all in” on active mobility is a sure bet for sustainable development
Every year on United Nations World Bicycle Day (June 3), we celebrate the transformative benefits of the bicycle. At the World Bank Group headquarters in Washington, DC,
How to manage the economic trade-offs of public procurement policies in developing economies
Government procurement—the process in which public entities buy goods and services from private companies—represents between 5% and 20% of a country’s GDP, depending on the
Identifying potential Chinese export redirection in 2024 US trade data
Tariff escalation between China and the US will result in decoupling of goods trade, raising fears that Chinese exports destined to the US market in
Lumpy forecasts: Rational inaction in professional forecasting
Forecasts from professionals (economists, analysts, brokers, academics) are a key input into economic decision-making. This column highlights that professional forecasts are ‘lumpy’, often remaining unchanged
