Spreading the Gains from Trade More Widely
Report provides new knowledge, data, tools to make trade work better for more people
WASHINGTON, May 19, 2021-Global trade has contributed to growth and poverty reduction in the past three decades, but gains from trade can be more inclusive, the World Bank said today. Spreading the benefits of trade more widely, within and between countries, can play a key role as the world seeks to recover from the COVID-19 pandemic, which has reversed years of poverty reduction.
New data and tools developed by the World Bank can allow policy makers to ensure trade delivers more for the poor, according to
Report provides new knowledge, data, tools to make trade work better for more people
WASHINGTON, May 19, 2021-Global trade has contributed to growth and poverty reduction in the past three decades, but gains from trade can be more inclusive, the World Bank said today. Spreading the benefits of trade more widely, within and between countries, can play a key role as the world seeks to recover from the COVID-19 pandemic, which has reversed years of poverty reduction.
New data and tools developed by the World Bank can allow policy makers to ensure trade delivers more for the poor, according to The Distributional Impacts of Trade: Empirical Innovations, Analytical Tools and Policy Responses report. By identifying in advance those sectors and regions that are most affected by changes in trade patterns, policies can be designed to maximize the gains and mitigate potential losses.
Argentine President Alberto Fernández Thursday met with his Italian counterpart, Sergio Mattarella, with Prime Minister Mario Draghi and with Pope Francis in another stop of his one-week European tour.
Study Finds One-Third of Economic Activity Occurs Outside Governments’ Line of Sight
WASHINGTON, May 11, 2021-A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies (EMDEs)-a challenge that is likely to hold back the recovery in these economies unless governments adopt a comprehensive set of policies to address the drawbacks of the informal sector, a new World Bank Group study has found.
The study, The Long Shadow of Informality: Challenges and Policies, is the first comprehensive Bank analysis examining the extent of informality and its implications for an economic recovery that supports green, resilient and inclusive development in the long-term. It finds that the informal sector accounts for more than 70 percent of total employment-and nearly one-third of GDP-in EMDEs. That scale diminishes these countries’ ability to mobilize the fiscal resources needed to bolster the economy in a crisi
Managing Director, Development Policy and Partnerships, World Bank
Mari Pangestu is the World Bank Managing Director of Development Policy and Partnerships. In this role, which she assumed on March 1, 2020, Ms. Pangestu oversees the research and data group of the World Bank (DEC) and the External and Corporate Relations function. From July 1, 2020, she will also provide leadership to and oversee the work program of the World Bank’s Global Practice Groups. Ms. Pangestu joins the Bank with exceptional policy and management expertise, having served as Indonesia’s Minister of Trade from 2004 to 2011 and as Minister of Tourism and Creative Economy from 2011 to 2014. She obtained her bachelor’s and master’s degree in economics from the Australian National University, and her doctorate in economics from the University of California at Davis.