World Development Report 2023: Migrants, Refugees, and Societies
World Development Report 2023 proposes an innovative approach to maximize the development impacts of cross-border movements on both destination and origin countries and on migrants and refugees themselves. The framework it offers, drawn from labor economics and international law, rests on a “Match and Motive Matrix” that focuses on two factors: how closely migrants’ skills and attributes match the needs of destination countries and what motives underlie their movements.
Women, Business and the Law 2023
Women, Business and the Law 2023 is the ninth in a series of annual studies measuring the laws and regulations that affect women’s economic opportunity in 190 economies. It identifies barriers to women’s economic participation and encourages reform of discriminatory laws. This year, the study also includes research, a literature review, and analysis of 53 years of reforms for women’s rights and makes an important contribution to research and policy discussions about the state of women’s economic empowerment.
Falling Long-Term Growth Prospects
Across the world, a structural growth slowdown is underway: at current trends, global potential growth—the maximum growth the global economy can sustain over the longer term without igniting inflation—is expected to fall to a three-decade low over the remainder of the 2020s. Nearly all the forces that have powered growth and prosperity since the early 1990s have weakened. The growth rates of investment and total factor productivity are declining. The global labor force is aging, and expanding more slowly. International trade growth is much weaker now than it was in the early 2000s. In addition, a series of shocks has roiled the global economy over the past three years. A persistent and broad-based decline in long-term growth prospects imperils the ability of emerging market and developing economies to combat poverty, tackle climate change, and meet other key development objectives.