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The COVID-19 pandemic is expected to inflict severe pain in labor markets across the globe, and policy makers will need to target support to workers who are hit hardest. To inform such efforts, a recent working paper Who on Earth Can Work from Home presents an estimate of jobs that can be done from home across the globe.
The rise in joblessness due to the ongoing COVID-19 pandemic is expected to be extraordinarily steep, with significant economic, social and psychological consequences. While this presents a serious challenge, careful public policy responses can help mitigate the costs of job displacements and support workers in finding reemployment.
The World Development Report (WDR) for 2021 will focus on Data for Development. This topic comes at a critical time for development. We find ourselves amid revolutionary changes in how we collect, manage, curate, analyze and use data. It’s claimed that more data was created in 2015 and 2016 than in all previous years combined. Fixed internet traffic is expected to double, mobile internet traffic to quadruple between 2017 and 2021.
This book focuses on three important pre-pandemic trends observed in the region—namely, premature deindustrialization, servicification of the economy, and task automation—that were significantly changing the labor market landscape in the region and that have been accelerated by the crisis.
Previous Poverty and Shared Prosperity Reports have conveyed the difficult message that the world is not on track to meet the global goal of reducing extreme poverty to 3 percent by 2030. This edition brings the unwelcome news that COVID-19, along with conflict and climate change, has not merely slowed global poverty reduction but reversed it for first time in over twenty years.
This book constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions.
The African Continental Free Trade Area: Economic and Distributional Effects quantifies the long-term implications of the agreement for growth, trade, poverty reduction, and employment. Its analysis goes beyond that in previous studies that have largely focused on tariff and nontariff barriers in goods—by including the effects of services and trade facilitation measures, as well as the distributional impacts on poverty, employment, and wages of female and male workers.
The Human Capital Index highlights how current health and education outcomes shape the productivity of the next generation of workers. In this way, it underscores the importance for governments and societies of investing in the human capital of their citizens.
International Debt Statistics 2021 presents comprehensive stock and flow data for 120 low and middle-income countries and a summary overview of the key elements driving outcomes in 2019 debt stocks and financial flows.
Vice President and World Bank Group Chief Economist
