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Victor Kummritz There is now widespread consensus that participation in global value chains (GVCs) can foster economic development in the Global South (World Bank 2019). Previous Vox columns have shown how, by entering GVCs, supplier firms in developing countries can economically upgrade by making better quality products, improving production processes, and capturing more value-added (Kummritz 2015, Gereffi and Luo 2014). Participation in GVCs can also facilitate knowledge and technology transfers from lead-firms in the global North to suppliers in the global South, who can in turn benefit fr...

June 11, 2021, 1:20 p.m. ET Credit...Kevin Schafer, via Getty Images Opinion Columnist If you’re under 50, you probably don’t remember when Japan was going to take over the world. But in the late 1980s and early 1990s, many people were obsessed with Japan’s economic success and feared American decline. The supposedly nonfiction sections of airport bookstores were filled with volumes featuring samurai warriors on their covers, promising to teach you the secrets of Japanese management. Michael Crichton had a best-selling novel, “Rising Sun,” about the looming threat of Japanese domina...

Data policies, laws, and regulations: Creating a trust environment 05/19/2021 | 12:06am EDT Send by mail : Message : Today's digitally enabled economy is fueled by increasingly complex data transactions. The World Development Report 2021: Data for Better Lives explores the relationships between different types of data and data transactions used for development purposes and the legal enablers and safeguards that need to be put in place to engender trust. This trust environment is the core of the evolving social contract around data. Creating a trust environment...

Unraveling data’s Gordian knot: 5 pillars to support ‘Data for Better Lives’ © World Bank The World Bank’s new report on trusted data-sharing offers a framework for maximizing data use by governments, businesses, and individuals while bolstering data protection and individual rights over their personal data. Amongst themes explored in the World Bank’s recently launched World Development Report 2021, Data for Better Lives, is that data collected for one purpose has the potential to generate economic and social value in applications far beyond those originally anticipated and far bey...

The writer is a former SAPM Health. LAWRENCE Summers has some credentials to reckon with: chief economist of the World Bank (1991-1993); US treasury secretary (1999-2001); president of Harvard University (2001-2006); director of the National Economic Council for president Obama (2009-2010). He is primarily a macroeconomist who has a deep interest in and has made significant contributions to public finance, international economics, economic history and developmental economics. In 1993, as a chief economist of the World Bank, he selected health as a topic for the World Development Report, an in...