Development Economics

The Development Economics Vice Presidency (DEC) increases understanding of development policies and programs by providing intellectual leadership and analytical services to the Bank and the development community.

DEC is the premier research and data arm of the World Bank. 

Under the leadership of the Chief Economist & Senior Vice-President, Paul Romer and Senior Director, Shanta Devarajan, they set the Bank's research agenda and advises Bank Management on a wide range of development policy issues. They also advise policy makers on development challenges and helps to promote development issues within the broad development community.

DEC pursues four main business lines:

Chief Economist

Paul Romer

Chief Economist and Senior Vice President of the World Bank
View more information »

Senior Director

Shanta Devarajan

Senior Director, Development Economics
View more information »


The World Bank
1818 H Street N.W.
Washington, DC 20433


China Qingdao port container terminal
Global economy to edge up to 3.1 percent in 2018 but future potential growth a concern

Over the longer term, slowing potential growth—a measure of how fast an economy can expand when labor and capital are fully employed—puts at risk gains in improving living standards and reducing poverty around the world.

ABCDE Landing image
Call for Papers: Annual Bank Conference on Development Economics 2018: Political Incentives and Development Outcomes

The ABCDE Organizing Committee is issuing a call for papers examining in innovative ways the links between politics and development. Deadline is on February 28, 2018.

Report calls for greater measurement, action on evidence

The report argues that without learning, education will fail to deliver on its promise to eliminate extreme poverty and create shared opportunity and prosperity for all. Even after several years in school, millions of children cannot read, write or do basic math.

Post-crisis restrictions on international banking can blunt growth prospects in developing countries

Growing restrictions imposed on foreign banks operating in developing countries since the 2007/9 global financial crisis are hampering better growth prospects by limiting the flow of much-needed financing to firms and households.

BRICS double lending to poor countries as foreign direct investment falls to lowest point since 2009 crisis

Financial flows to low- and middle-income countries rose in 2016 to $773 billion - three times their 2015 levels.

Nearly 3,200 reforms in 15 years to improve business climate worldwide

Marking its 15th anniversary, the report notes that 3,188 business reforms have been carried out since it began monitoring the ease of doing business for domestic small and medium enterprises around the world.


Data Spotlight

Global Growth Accelerated in 2017, and is Expected to Edge up in 2018


Journals & Digests
  • Image

    World Bank Research Observer

    The World Bank Research Observer seeks to inform nonspecialist readers about research being undertaken within the Bank and outside the Bank in areas of economics relevant for development policy.
  • Image

    World Bank Economic Review

    The World Bank Economic Review encourages and supports innovative theoretical and empirical research in the field of development economics.
  • Image

    World Bank Research Digest

    The World Bank Research Digest is a quarterly publication that communicates the findings of research relevant for development policy in an accessible and timely way.

  • Mobile Data Apps

    For iOS and Android
  • ADePT

    Software platform for automated economic analysis
  • iSimulate

    Platform for performing macroeconomic simulations
  • PovCalNet

    Poverty Analysis Tool assess global poverty incidence figures
  • PovMap

    Provides computational solutions to poverty mapping activities
  • CAPI

    Software for conducting complex surveys with dynamic structures using tablet devices