Since the mid-1990s, Brazil has struggled, with limited success, to reform its intergovernmental financing arrangements. Every four years, the electoral cycle brings promises of much needed reforms. Recently...
Emerging market economies (EMEs) are making important strides in developing long-term finance capital market vehicles to support investment in strategic areas such as infrastructure. However, since last...
Some analysts believe that the commodity price boom of the new millennium has played itself out. However, natural resource based commodity prices (with the exception of shale gas and its downward pressure...
This note outlines a framework for assessing the extent of fiscal risks inherent in the operations of public bodies (PBs), highlighting eight applications in Jamaica. Scenario analysis and stress testing...
Successful entry into export markets and the subsequent survival of export flows are crucial if a country is to grow and diversify its export base. The accumulated experience of firms that export a particular...
While South Asia's average gross domestic product (GDP) growth in the past decade was only slightly lower than in East Asia and the Pacific, the region significantly lags behind in terms of infrastructure...
One of the most extraordinary events in Brazil in the past 30 years has been the country's agricultural revolution. In the 1970s, food scarcity was a concrete risk in a country experiencing rapid urbanization...
Over the last few years, Brazil's growth has significantly decelerated. Accompanying this slowdown, a change in commentary on Brazil's economic future has emerged, and is reflected in a recent ratings...
The world's aging population is expected to shape the future of economies across the globe. Without behavioral adaptation by current and future generations, this demographic transformation is likely to...
Trinidad and Tobago (T and T) is an example of successful diversification within the oil and gas sector and the country is now a global player in the energy industry. Diversifying its asset base so that...
Global value chains (GVCs) are playing an increasingly important role in business strategies, which has profoundly changed international trade and development paradigms. GVCs now represent a new path for...
In the aftermath of the recent global financial crisis, advanced economies have continued to experience sluggish growth. Is this slow post crisis growth the result of a policy response that was overly...
This economic premise examines the intersection of four important development themes: urbanization, agglomeration, gender, and informality. Although urbanization has continued at a rapid pace, formalization...
After experiencing an initial period of rapid growth, many developing countries have fallen into the middle-income 'trap', stuck between low-wage, low-technology markets and high-income, innovation-based...
If there was one bold and timely policy to transform Indonesia, this is it. In 2012, spending on energy subsidies claimed more than one-fifth of the central government's budget, that is, more than three...
The combination of an increasing trade imbalance, concerns about deindustrialization after several years of booming commodity prices, and rising imports of intermediate inputs and capital goods over the...
Real growth in global trade has decelerated significantly since its sharp recovery in 2010. Year-on-year growth in global real trade1 decelerated from 13.3 percent at the end of the first quarter of 2010...
The extent to which developing countries benefit from foreign direct investment (FDI) depends on whether they are able to realize the productivity-enhancing benefits of knowledge and technology spillovers...
The cost of the subsidy system in Morocco peaked at 6.6 percent of gross domestic product (GDP) in 2012, an amount larger than the country's total investment budget for that year. Direct subsidies to households...
Policy makers in both developed and developing countries want to accelerate spatial development, make cities more competitive, attract new entrepreneurs, boost economic growth, and promote job creation...