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Minimum Wages and Social Policy
Offering evidence from both detailed individual country studies and homogenized statistics across the Latin American and Caribbean region, this book examines the impact of the minimum wage on wages, employment, poverty, income distribution and government budgets in the context of a large informal sector and predominantly unskilled workforces.
Strengthening the Global Trade Architecture for Development
The World Trade Organization (WTO) has a role to play in strengthening the global trading system for development, primarily by lowering barriers to trade in goods and services and ensuring that trade rules are useful to Developing countries. But greater international cooperation must complement WTO-based negotiations, in particular, concerted action outside the WTO to enhance the trade capacity of poor countries ("aid for trade").
Measuring the Dynamic Gains from Trade
November 1998 Empirical analysis confirms that a policy of trade openness has a strong positive impact on economic growth. The accelerated accumulation of physical capital accounts for more than half this growth. Enhanced technological transmissions and improvements in the quality of macroeconomic policy each account for about 20 percent of the effect of openness on growth. Wacziarg investigates the links between trade policy and economic growth using data from a panel of 57 countries from 1970-89. This is the first attempt to empirically evaluate, in a cross-country context, the respective roles of various theories of dynamic gains from trade in explaining the observed positive impact of tr...
Thailand's Corporate Financing and Governance Structures
November 1998 Weaknesses in corporate governance and the fragile financial structure of many corporations contributed to, and deepened Thailand's recent financial crisis. Large corporations need to reduce their vulnerability to economic shocks and improve corporate governance; smaller firms should achieve a more stable funding structure. Alba, Claessens, and Djankov assess Thailand's policy options for reducing large corporations' vulnerability to economic shocks and improving their corporate governance - and for providing smaller firms a more stable funding structure. Using data for firms listed on Thailand's stock exchange, they empirically assess the relative importance of various factors...
Rapport sur le developpement dans le monde 2018
Chaque annee, le Rapport sur le developpement dans le monde de la Banque mondiale met en vedette un sujet d'importance capitale pour le developpement mondial. Le Rapport sur le developpement dans le monde 2018 - APPRENDRE pour realiser la promesse de l'education - est le premier consacre integralement a l'education. Et le moment s'y prete particulierement : l'education a toujours ete essentielle au bien-etre de l'etre humain, mais elle l'est plus encore en cette periode de rapides mutations economiques et sociales. Le meilleur moyen de preparer les enfants et les jeunes a l'avenir est de placer l'apprentissage au centre de toutes les interventions de promotion de l'education. Le Rapport sur ...
Poverty and the Economic Transition
November 1998 Has the economic transition in Eastern Europe and the countries of the former Soviet Union been harder on pensioner households or on households containing children? Do per capita measures of welfare give a misleading picture? Much attention has been paid to the relative vulnerability of two well-defined household groups during the transition. Some observers argue that old-age pensioner households have been relatively protected because of a less steep decline in real pensions compared with wages in most transition economies. By contrast, households with young children are believed to have experienced a substantial decline in living standards under reform and show strikingly high...
Financial Services for the Urban Poor
November 1998 Standard Bank of South Africa's innovative E Bank program demonstrates how a commercial bank can use market information to bundle services needed by the urban poor-and valued by the poorer clients to justify a fee high enough to cover costs. Much of the research on financial services in low-income countries has focused on microcredit programs. Much less attention has been paid to the design of depository services, although many more low-income people use depository services than get access to credit. Having access to depository services is important for household well-being: to safeguard funds, to save for large purchases, and as insurance against unexpected expenditures. Econo...
