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Reshaping Norms
South Asia's growth rate has returned to pre-pandemic levels. However, the uneven recovery from the pandemic has left countries in South Asia with multiple policy challenges, which are exacerbated by the impact of the war in Ukraine. While several countries are navigating rising inflation and growing difficulties to finance fiscal deficits and trade deficits, the region must also chart a new way forward to address rising inequality, unleash new growth potential, and accommodate an energy transition. To reshape their economies, the region cannot avoid redesigning tax systems, increasing competition, and challenging vested interests and existing gender norms. This issue of the South Asia Economic Focus, describes recent economic developments, analyzes the economic impact on South Asia of the war in Ukraine, presents growth forecasts, provides risk scenarios, and concludes that reshaping economies goes hand in hand with reshaping norms.
Digital Africa
All African countries need better and more jobs for their growing populations. 'Digital Africa: Technological Transformation for Jobs' shows that broader use of productivity-enhancing digital technologies by enterprises and households is imperative to generate such jobs, including for lower-skilled people. At the same time, broader use can support not only countries' short-term objective of postpandemic economic recovery but also their vision of economic transformation with more inclusive growth. These outcomes are not automatic, however. Mobile internet availability has increased throughout the continent in recent years, but Africa's uptake gap is the highest in the world. Areas with at lea...
Wired
Latin America and the Caribbean continues to face adverse global headwinds: high interest rates, modest G-7 growth, soft commodity prices and uncertain prospects in China will all depress growth. Well-grounded policy responses have led to largely recovering employment and income losses from the pandemic and falling rates of inflation. However, the region faces the mutually reinforcing triple challenges of low growth, limited fiscal space, and citizen dissatisfaction. Expanding digital connectivity offers a possibility to make progress on all three fronts. To maximize the social benefits of connectivity as well as to ensure that it does not exacerbate spatial, educational, gender or racial inequalities, three challenges are important to address: first, expanding coverage to the remaining unconnected areas as well as improving the quality of service; second, increasing the productive use of existing infrastructure, and; third, as with any other infrastructure "hardware," investments in "software" - such as digital and traditional skills, managerial capabilities, supportive regulatory frameworks, and deeper financial markets are critical.
Tools and Weapons
*THE INSTANT NEW YORK TIMES BESTSELLER AND WORLD ECONOMIC FORUM BOOK CLUB PICK* 'A clear, compelling guide to some of the most pressing debates in technology today.' Bill Gates 'A colourful and insightful insiders' view of how technology is both empowering us and threatening us. From privacy to cyberattacks, this timely book is a useful guide for how to navigate the digital future.' Walter Isaacson, bestselling author of Steve Jobs From Microsoft's President and one of the tech industry's wisest thinkers, a frank and thoughtful reckoning with how to balance enormous promise and existential risk as the digitization of everything accelerates. With new chapters on the pandemic and beyond. _____...
World Bank East Asia and Pacific Economic Update, October 2023
Economic activity in much of developing East Asia and Pacific (EAP), other than several Pacific Island Countries, has recovered from the succession of shocks since 2020 but is now slowing down. Private consumption and the recovery of tourism had sustained growth in the region but is running out of steam. Slowing global growth is leading to a contraction in exports. Public investment and private investment also remain low in much of the region. Most governments in the region are projected to consolidate fiscally in 2023. The revival of growth in the region will depend crucially on the state of the services sectors. Even though manufacturing has powered EAP development, services already account for more than half of value added and employment. A digital revolution is leading to structural change within all services sectors, with the combination of new domestic platform-based services and more internationally tradable services boosting productivity. Harnessing the digital revolution for inclusive economic growth requires deeper services reforms.
Digital Progress and Trends Report 2023
Digitalization is the transformational opportunity of our time. The digital sector has become a powerhouse of innovation, economic growth, and job creation. Value added in the IT services sector grew at 8 percent annually during 2000†“22, nearly twice as fast as the global economy. Employment growth in IT services reached 7 percent annually, six times higher than total employment growth. The diffusion and adoption of digital technologies are just as critical as their invention. Digital uptake has accelerated since the COVID-19 pandemic, with 1.5 billion new internet users added from 2018 to 2022. The share of firms investing in digital solutions around the world has more than doubled fro...
At Your Service?
Manufacturing-led development has provided the traditional model for creating jobs and prosperity. But in the past three decades the conventional pattern of structural transformation has changed, with the services sector growing faster than the manufacturing sector. This raises critical questions about the ability of developing economies to close productivity gaps with advanced economies and to create good jobs for more people. At Your Service? The Promise of Services-Led Development (www.worldbank.org/services-led-development) assesses the scope of a services-driven development model and policy directions that can maximize the model’s potential.
TOOLs and WEAPONs
【内容紹介】 激しさを増すテクノロジー「暴走と悪用」との闘い。 ビル・ゲイツが最も信頼を寄せる“マイクロソフトの守護神”がその知られざる舞台裏を語る！ 新型コロナの感染者接触追跡アプリの活用が世界中で検討されているが、デジタル監視の強化やプライバシーの侵害に結びつくことも懸念されている。デジタル技術は使い方次第で便利な道具にもなり、人を傷つける武器にもなるのだ。近年、テクノロジーの負の側面を無視して突き進む企業に向けられる目は年々厳しくなっている。エドワード・スノー...
Convergence
Policy makers across the Middle East and North Africa have for many years articulated plans to integrate their people spatially and economically. Wishing to bring communities together and narrow economic gaps, governments have made large capital investments in transport corridors and “new cities.” Hoping to provide jobs in places with little economic activity, governments have designated new industrial zones supported by spatially targeted business incentives.Yet the results of these place-based initiatives in MENA are limited. The disparities between capital cities and lagging areas, and between richer and poorer quarters of cities, remain stark. Across much of the region, a fortunate f...
未來科技的15道難題：面對世界最關鍵的轉折，微軟總裁最前瞻的預測與洞察
★榮獲誠品選書 ★比爾．蓋茲為本書親自撰序、《賈伯斯傳》作者華特‧愛薩克森推薦 ★亞馬遜分類榜暢銷書 ★CNN、《時代》雜誌、《紐約時報》爭相報導 「直至今日，我仍仰賴他的智慧與判斷。 他最有資格帶領讀者探討今日科技業面對的課題！」 ──比爾‧蓋茲 我們正在打造的世界，我們是否能掌控得住？ 飆速進展的科技如同月球正面般光亮璀璨， 卻掩蔽了背面的晦暗與崎嶇── 當假新聞藉著社群媒體，讓社會分崩離析； 當臉部辨識成為隱私漏洞，甚至專制政府的幫兇…… 微軟總裁布萊德．史密斯（Brad Smith），為...
