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Blog Post
April 17, 2024
In the wake of COVID and amidst global crises, care has increasingly become recognized as a global issue critical for sustainable development and gender equality. Yet, there are still massive gaps in care policies, services, and financing, and there is much more work that needs to happen to ensure u...
WORKING PAPERS
April 04, 2024
Star firms, defined as the top 10 percentile of firms in the world in terms of return on invested capital, are more likely to occur in high-income countries and manufacturing industry, but there is an increasing share of star firms from middle-income countries and the services sector. Star firms hav...
Blog Post
April 04, 2024
A large academic and policy debate has focused on the increase in market concentration over the past few decades which has given rise to “star firms,” a small set of firms that generate abnormal returns for their investors. A common concern is that these firms exert excess market power and behave as...
WORKING PAPERS
April 02, 2024
Starting in 2001, duty-free access to U.S. markets under the African Growth and Opportunity Act (AGOA) led to a brief boom in African manufacturing exports, particularly apparel, which then fizzled in the face of unfettered Chinese competition after 2005. The looming expiration of AGOA—and eroding C...
Blog Post
April 02, 2024
“Trade not aid” is a slogan that appeals to certain instincts on both the left and right. The idea being that rich countries can do more for economic development in poor countries by granting them market access than by sending charity. But will market access really stimulate economic growth in laggi...
Blog Post
March 21, 2024
Many developing countries are facing an impossible situation. With the impact of cascading crises, the gulf between their financing needs and the resources available to them is widening. The combination of elevated interest rates, weakening currencies and low credit ratings are excluding them from c...
POLICY PAPERS
March 21, 2024
Already constrained by the economic aftershocks of COVID-19, the impact of the war in Ukraine, and the food and climate crisis, low-income countries and lower-middle-income countries now face a combination of soaring debt and high interest rates. Confronted with insufficient liquidity to respond to ...
Blog Post
March 07, 2024
An extraordinary cascade of crises threatens Africa’s growth and economic stability. The incomplete economic recovery from the global pandemic, Russia’s invasion of Ukraine, food and fuel inflation, rising debt distress, and Israel’s ongoing war in Gaza have all aggravated geopolitical and geo-econo...
Blog Post
March 05, 2024
Social safety nets, including cash, in-kind, and asset transfers are at the forefront of government efforts to tackle poverty and inequalities—including in response to crises brought on by conflict, climate, and public health emergencies. There are acknowledged gender dimensions to the design and im...
WORKING PAPERS
March 05, 2024
Social safety nets can enhance women’s economic inclusion and agency, but their impacts vary by intervention type. Challenges remain in implementing gender-sensitive designs, and data gaps for certain regions, contexts and outcomes should be closed in future evaluations.