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How to "hibernate" firms for a resilient recovery from COVID-19

Policymakers around the world have deployed a range of actions to cushion the effects of the economic shock brought on by COVID-19, while containment measures necessary to save lives continue. A critical part of the discussion is how to prevent companies -- many of which have been hammered by a collapse in revenues and a plunge in cash flows -- from failing.


Violence without Borders: The Internationalization of Crime and Conflict

As the challenges faced by countries and areas impacted by fragility, conflict and violence threaten to reverse decades of progress and development, the need for regional and international coordination and collaboration to foster stability and the rule of law is greater than ever.


World Development Report 2021 – Data for Development

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.

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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.

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Carmen Reinhart

Vice President and World Bank Group Chief Economist