Ideas to Action:
Independent research for global prosperity
The World Bank has currently committed $1.5 billion to various projects that promote agglomeration benefits across firms, mostly in sub-Saharan Africa.
Many developing countries have made progress in political openness and economic management but lag in terms of attracting private sector investments, at least outside of narrow resource-based enclaves.These countries may have recognized potential but have not yet established the reputation needed to sustain investment through the inevitable political and policy shocks that take place in most countries. The concerns that deter investors are many but can be broadly classified into high costs that that prevent global competitiveness and high actual or perceived risks.
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