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The Macroeconomic Impacts of Digitalization in Sub-Saharan Africa: Evidence from Submarine Cables
The Macroeconomic Impacts of Digitalization in Sub-Saharan Africa: Evidence from Submarine Cables
Supreme Emperor of Swords
Before going to college, an ordinary high school student went to celebrate and got drunk. When he woke up, he found himself in a completely different world. There was a big sect, the approaching sect entrance examination, a slum where his body’s previous owner lived, and a shared memory about a missing young girl. When he got tangled in a fight with a few punks in this different world, he fell off a cliff and miraculously found himself still alive, with two more voices ringing inside his head. They were Sword Master and Saber Master. In the company of them, he continued to find out more about this whole new world. He took the sect entrance examination, entered the sect, met a strange man in black, and even participated in a major competition of the sect to have a chance to win over his peers! In this whole new world, he was born again and got to explore the fantastic martial world!
South Africa
This 2019 Article IV Consultation with South Africa discusses that subdued private investment and exports, and increased uncertainty have depressed growth and worsened social indicators. State-owned enterprises’ (SOEs) risks are materializing, triggering government bailouts of Eskom and administrative intervention in other entities. High fiscal deficits have boosted debt. Nonresident investors are shedding equities and local currency bonds but showing appetite for foreign currency sovereign bonds amid supportive global financing conditions. The external position is moderately weaker than implied by fundamentals and desirable policies. Inflation has slowed to around the mid-point of the tar...
Ethnicities, Personalities And Politics In The Ethnic Chinese Worlds
The rise of the economic power of the ethnic Chinese, known also as overseas Chinese, Chinese overseas or Chinese diaspora, was a late 20th century phenomenon. It was partly the result of the rise of the Four Little Asian Dragons in the 1970s, and was speeded up by the tempo of globalization towards the end of that century. This book explores the ethnic identity and boundary of the Chinese as minority groups in foreign lands, and as sub-groups among the Chinese themselves. It examines prominent personalities that had wielded considerable influence in the ethnic Chinese communities in the economic, social and educational arenas. It also discusses the type of politics that had impacted their relationship with their mother country — China.Containing 16 papers presented at various international conferences in Singapore, Malaysia, Hong Kong, China and Taiwan as keynote speeches and research findings which are predominantly unpublished in English, this book provides fresh perspectives and re-interpretations on the issues of ethnicity, leadership and politics in the ethnic Chinese worlds.
Global Economic Prospects, June 2016
Global growth prospects have deteriorated in 2016. Emerging market and developing economies are facing increased external headwinds, including softer growth in advanced economies. Commodity exporters are struggling with particularly challenging conditions, while commodity importers are thus far showing greater resilience. Global growth is expected to gradually accelerate in 2017-18 but risks to the outlook are increasingly more pronounced. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes two Special Focus essays of critical importance for emerging and developing economies: an analysis of the buildup of priva...
Global Economic Prospects, January 2017
Stagnant global trade, subdued investment, and heightened policy uncertainty marked another difficult year for the world economy. A subdued recovery is expected for 2017, with receding obstacles to activity in commodity exporters and solid domestic demand in commodity importers. Weak investment is weighing on medium-term prospects across many emerging markets and developing economies (EMDEs). Although fiscal stimulus in major economies, if implemented, may boost global growth above expectations, risks to growth forecasts remain tilted to the downside. Important downside risks stem from heightened policy uncertainty in major economies. Global Economic Prospects is a World Bank Group Flagship Report. On a semiannual basis (January and June), it examines global economic developments and prospects, with a special focus on developing countries. The report includes analysis of topical policy challenges faced by developing countries through in-depth research in the January edition and shorter analytical pieces in the June edition.
Regional Economic Outlook, April 2020, Sub-Saharan Africa
Sub-Saharan Africa is facing an unprecedented health and economic crisis that threatens to throw the region off its stride, reversing the encouraging development progress of recent years. Furthermore, by exacting a heavy human toll, upending livelihoods, and damaging business and government balance sheets, the crisis threatens to retard the region’s growth prospects in the years to come. Previous crises tended to impact affect countries in the region differentially, but no country will be spared this time.
FY2018 - Output Cost Estimates and Budget Outturn
"The Fund continues to make efforts to maximize the use of available resources in order to deliver on the priorities and initiatives laid out in the Global Policy Agenda (GPA). The FY 18 outturn reflects reallocations and efficiency gains, as well as flexibility provided by carry forward resources. With the number of Fund arrangements falling, the Fund’s outputs shifted from spending on lending activity to multilateral surveillance. On the input side, the structural budget was fully utilized. This paper presents key highlights of the FY 18 outturn, including a discussion of the outputs and inputs. Details on Capacity Development (CD) are presented in Annex"
The Long Shadow of Informality
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
2018 Review of the Fund's Capacity Development Strategy
"Capacity development (CD) is one of the Fund’s three core activities and has grown in importance in recent years. It supports member countries’ efforts to build the institutions and capacity necessary to formulate and implement sound economic policies, thereby complementing the Fund’s surveillance and lending mandates. Member countries, partners, and external commentators give the Fund high marks for the quality of its CD. At the same time, efforts need to continue to strengthen Fund CD to serve members’ current and evolving needs. The 2018 CD Strategy Review examines progress under the Fund’s 2013 CD Strategy and proposes a CD strategy for the next five years. It notes substantia...
