Spreading the Gains from Trade More Widely
Global trade has contributed to growth and poverty reduction in the past three decades, but gains from trade can be more inclusive, according to a new World Bank report, which provides new knowledge, data, and tools to make trade work better for more people.
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Widespread Informality Likely to Slow Recovery from COVID-19 in Developing Economies
A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies (EMDEs), according to a new study by the World Bank. The study is the first comprehensive Bank analysis examining the extent of informality and its implications for an economic recovery.
Seven Countries Account for Two-Thirds of Global Gas Flaring
According to the World Bank’s 2020 Global Gas Flaring Tracker, from 2019 to 2020, oil production declined by 8 percent, while gas flaring dropped by 5 percent. Gas flaring satellite data from 2020 reveals that Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running.
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