Generative AI in German firms: Diffusion, costs, and expected economic effects
The novelty and speed of diffusion of generative AI means that evidence on its impact on productivity and the future of work is scarce. This
FDI and growth in the age of global value chains
Existing evidence indicates that foreign direct investment promotes growth only when host economies have the human capital and deep financial markets to absorb spillovers. This
The real impact of FinTech: Evidence from mobile payment technology
FinTech has transformed finance, but the broader effects of digital payments on consumers, businesses, and banks remain underexplored. This column examines the impact of Singapore’s
How can data from space shape the future of agriculture?
Have you ever wondered how satellites orbiting thousands of kilometers above Earth can help farmers on the ground grow more food? From mapping land use
World’s central banks are wary of AI and struggling to quit the dollar, survey shows
The primary concern is that AI-driven behaviour could “accelerate future crises,” the survey showed. Artificial Intelligence is not a core part of operations at most
Is AI making us smarter or just making us look smart?
Here’s an uncomfortable truth: Students can ace every assignment in class and learn virtually nothing. Conversely, they can struggle through tasks and learn quite a
Exploring how AI can boost people-centered development
With AI’s potential to transform and improve lives globally, we should consider what really works to leverage AI for people. At the World Bank, we are
From the China Shock to the global relocation of production: Inequality consequences
Globalisation has raised living standards worldwide but has also fuelled concerns that international competition is eroding middle-class incomes and widening inequality within countries. The column
Reimagining data and statistical systems in the Digital Era: the Indian Experience
Digital transformation involves how organizations use technology, people, and processes to deliver value in an increasingly connected world by reimaging their business processes. For governments,
Public R&D and Brazil’s agricultural revolution
It is often argued that returns to R&D are low in developing countries, making imported technologies a better path to growth. Yet technologies designed for
