- Overview
- Agenda (Morning Forum)
- Agenda (Afternoon Conference)
- Speakers
What enables firms to innovate and grow? A close look at the global business environment today and across time
To celebrate the 20th anniversary of the World Bank Enterprise Surveys (WBES) and the imminent completion of a fully global database covering more than 160 economies compiled in the last three years, join us on May 20 for a morning forum and an afternoon conference focused on what enables firms to innovate and grow.
Innovation is a key driver of economic growth, productivity, and job creation, but it does not occur in a vacuum. Firms are more likely to innovate and scale when they operate in competitive markets, supported by strong institutions and a business-friendly environment. Clear and predictable regulations, reliable electricity and internet, and access to finance all shape whether firms can develop and adopt new technologies, bring ideas to market, and grow.
Drawing on fresh evidence from the latest WBES across 160+ economies, the morning forum examines the business conditions firms face today in areas of regulation, infrastructure, competition, and finance. We explore how these conditions may influence firms’ innovation capacity and productivity, and what this means for effective policy design and private-sector decision-making. Join leading economists, private-sector executives, and development experts for a lively, data-driven discussion.
The afternoon conference explores resource misallocation, market competition, and innovation, which lie at the heart of today’s productivity debates. It brings together leading economists to examine how distortions in factor markets, market power, and innovation incentives shape firm performance across economies. Informed by new firm-level evidence from a wide range of advanced and emerging markets, speakers will explore how competition and creative destruction drive aggregate growth. The sessions will provide rigorous empirical and theoretical insights into the policy levers available to reduce misallocation, foster dynamic competition, and sustain long-term productivity gains.
About the World Bank Enterprise Surveys (WBES):
The WBES is the world’s most comprehensive data source showing conditions in which firms operate. By capturing the experiences of business owners and top managers across 160+ economies, the WBES makes it possible to assess the quality of the business environment across countries and over time. WBES data empower governments, researchers, and development partners to diagnose constraints, benchmark progress, and design reforms that create better conditions for private-sector growth.
Morning Forum
Location: Preston Auditorium, World Bank HQ (1818 H St. NW), Washington DC, and livestreamed
Time: 10:00 to 11:15 AM ET, Wednesday, May 20, 2026
Innovation is central to productivity, growth, and job creation—but it thrives only in the right business environment. Competitive markets, reliable infrastructure, access to finance, and clear regulations shape firms’ ability to innovate and scale. Drawing on fresh evidence from the World Bank Enterprise Surveys across 160+ economies, this forum brings together policymakers, business leaders, and leading researchers to examine the business conditions firms face today and across time. The speakers will also discuss smarter policy and private-sector decisions that can unlock innovation, generate private sector jobs, and accelerate economic growth.
Welcome by the host
- Camilla Shuang Liu, Communications officer, Policy Indicators Group, World Bank
Key findings from the latest World Bank Enterprise Surveys
- Jorge Rodriguez Meza, Manager, World Bank’s Enterprise Analysis Unit
Keynote Speech
- Dave Donaldson, Professor of Economics, MIT
Panel Discussion
- Indermit Gill, Chief Economist and Senior VP of Development Economics, World Bank
- Laura Alfaro, Chief Economist, Inter-American Development Bank
- Peter Berkowitz, Director, Directorate-General for Regional and Urban Policy, European Commission
- Murat Şeker, Chairman of the Board and Executive Committee, Turkish Airlines
- Moderated by Alice Fulwood, Wall Street Correspondent, The Economist
Short Video: From WBES to policymaking
Closing remarks and announcing the winner of the David Dollar Memorial Prize 2026
- Norman Loayza, Director, Policy Indicators Group, World Bank
Farewell by the host
Afternoon Conference - Innovate, Compete, Grow: What Drives (and Deters) Firm Success?
Jointly organized by the World Bank Group, George Washington University, and Georgetown University
Location: Lindner Room at Elliott School of International Affairs, George Washington University (1957 E St NW, Washington, DC 20052), and livestreamed
Time: 2:00 to 5:30 PM ET, Wednesday, May 20, 2026
Resource misallocation, market competition, and innovation lie at the heart of today’s productivity debates. This conference brings together leading economists to examine how distortions in factor markets, market power, and innovation incentives shape firm performance across economies. Informed by new firm-level evidence from a wide range of advanced and emerging markets, speakers will explore how competition and creative destruction drive aggregate growth. The sessions will provide rigorous empirical and theoretical insights into the policy levers available to reduce misallocation, foster dynamic competition, and sustain long-term productivity gains.
Welcome by the event moderator
- Paul Carrillo, Deputy Chair, Professor of Economics and International Affairs, George Washington University
Session 1 – 2:05 p.m. – 3:15 p.m.
- Moderator – Nathan Miller, Professor at Georgetown University in the McDonough School of Business and Department of Economics
- Chang-Tai Hsieh, Phyllis and Irwin Winkelried Distinguished Service Professor of Economics and PCL Faculty Scholar, University of Chicago, a founding director of the International Growth Centre
- Ufuk Akcigit, Arnold C. Harberger Professor of Economics and Co-Director of the Growth Academy at the University of Chicago
- Q&A
Coffee Break – 3:15 p.m. – 3:25 p.m.
Presentation of the 2026 David Dollar Prize winner – 3:25 p.m. – 4:00 p.m.
- Moderator – Jorge Rodriguez Meza
- Martin Mattsson, Assistant Professor in the Department of Economics at the National University of Singapore
- Q&A
Coffee Break – 4:00 p.m. – 4:10 p.m.
Session 2, 4:10 p.m. – 5:20 p.m.
- Moderator – Paolo Mauro, Deputy Chief Economist and Acting Director of Private Markets, World Bank
- Petra Moser, Alan Greenspan Professor of Economics at the New York University School of Business
- Jan De Loecker, Professor of Economics and Research Professor (FWO), KU Leuven, Research Fellow CEPR
- Q&A
Closing remarks by Norman Loayza, Director, Policy Indicators Group, World Bank