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Trade Therapy
The COVID-19 (coronavirus) pandemic has exposed the upsides and downsides ofinternational trade in medical goods and services. Open trade can increase access tomedical services and goods—and the critical inputs needed to manufacture them—improvequality and variety, and reduce costs. However, excessive concentration of production,restrictive trade policies, supply chain disruptions, and regulatory divergence can jeopardizethe ability of public health systems to respond to pandemics and other health crises. TradeTherapy: Deepening Cooperation to Strengthen Pandemic Defenses, coordinated by NadiaRocha and Michele Ruta at the World Bank and Marc Bacchetta and Joscelyn Magdeleineat the World ...
The Future of Trade
This critical book assesses the current trade policy challenges facing the US and offers a series of recommendations which, if implemented, have the potential to improve both US domestic trade policy and international/foreign policy. Focusing on the reform of the WTO, the implementation of the United States-Mexico-Canada Agreement and the continuing rivalry between the US and China, The Future of Trade crucially advances the ongoing dialogue between US governments and stakeholders.
In Or Out
Annotation. "This report marshals the best available empirical evidence on the size and nature of the euro's pro-trade effects and groups the policy implications of these findings into two broad categories - lessons for potential joiners; and lessons for the euro area's current members and its economic management."--Jacket.
Coherence of the European Union Trade Policy with Its Non-Trade Objectives
Bringing together leading experts in trade law and policy, this volume investigates the coherence between the European Union's trade policy and its non-trade objectives. With a range of illustrative case studies and an interdisciplinary approach, it offers accessible, in-depth analysis of key issues from legal, political, and economic perspectives.
Critical Connections
Critical Connections examines how trade, investment, migration, and other linkages among countries drive economic growth in the Europe and Central Asia region. The study breaks new ground by using a multidimensional approach that recognizes how each connectivity channel for growth is likely to be affected by the strength of other channels. This multidimensional view makes it easier to see that diversity in country connections and balance in all channels of connectivity are critical for achieving the greatest impact on growth.Europe and Central Asia provides a great laboratory for observing the role of multidimensional connectivity in action. The region’s 30 countries vary widely in the ope...
Public Capital, Growth and Welfare
Laying a solid foundation of economic facts and ideas, this book provides a comprehensive look at the critical role of public capital in development.
The World Bank's Country Policy and Institutional Assessment
The evaluation finds that the content of the World Bank s Country Policy and Institutional Assessment (CPIA) is largely relevant for growth and poverty reduction in the sense that it maps well with the determinants of growth and poverty reduction identified in the economics literature. However, some CPIA criteria need to be revised (in particular trade and finance), and one needs to be added (assessment of disadvantaged socio-economic groups). Second, the evaluation finds that the CPIA ratings are in general reliable and correlate well with similar indicators. The World Bank s internal review process helps guard against potential biases in having Bank staff rate countries on which their work...
World Economic Outlook, October 2022
Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024. Monetary policy should stay the course to restore price stability, and fiscal policy should aim to alleviate the cost-of-living pressures while maintaining a sufficiently tight stance aligned with monetary policy. Structural reforms can further support the fight against inflation by improving productivity and easing supply constraints, while multilateral cooperation is necessary for fast-tracking the green energy transition and preventing fragmentation.
Services for Trade Competitiveness
Recognizing that services affect the ability of countries and their firms to compete on international markets, the World Bank’s Trade and Regional Integration Unit has developed an extensive work program to promote the performance of countries’ domestic services sectors, including services trade. Services for Trade Competitiveness presents selected applications of new methodologies that were developed to assess the competitiveness of countries’ services sectors, discern the types of barriers to services that exist in the regulatory environment, and identify the resulting policy implications. Its assessments are designed for a wide audience, including policy makers in developing countries and development practitioners in international organizations, policy-making institutions, and academia. The purpose of this book is to help policy makers in developing countries make informed policy choices to increase their chances of benefiting from the increasing prominence of services in international trade.
Economic Diversification and Growth in Africa
This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African context: capacity building for domestic resource mobilization; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. Although applying economic theory as well as using case studies and empirical evidence from the economics literature, the book is written in a way that makes the core ideas accessible even to readers without advanced knowledge of the technical economics involved. Economic Diversification and Growth in Africa is a timely study which demonstrates how developing countries in Africa can improve their policy making strategies to diversify their economies and accelerate economic development.
