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Europe and Central Asia

Poland Scores High on Shared Prosperity Progress

Laura Tuck's picture

Laura Tuck, Vice President for the World Bank's Europe and Central Asia region, discusses her trip to Poland, its economy, progress in boosting shared prosperity, and the World Bank's partnership with the country.

 

Looking at Shared Prosperity in Romania: Video Blog by Laura Tuck, Vice President of the Europe and Central Asia Region at the World Bank

Laura Tuck's picture

Laura Tuck, Vice President for the World Bank’s Europe and Central Asia Region, talks about growth in Romania and looks at the country's commitment to the shared prosperity agenda.

A Fragile Country Tale: Restrictions, Trade Deficits, and Aid Dependence

Massimiliano Calì's picture

 Masaru Goto, World BankPart of the World Bank’s new vision is to step up its efforts to help fragile and conflict-afflicted states break the vicious cycle of poverty. But this is no easy task.
 
The destruction of productive assets and the restrictions on the capacity to produce are among the most severe economic impacts of conflicts and fragility. These effects explain why countries in conflict or emerging out of conflict typically have very large trade deficits. The productive sector is often particularly weak by international standards, so exports are low and domestic consumption has to rely on imports. Indeed, five of the ten countries with the largest trade deficit in the world (Timor-Leste, Liberia, the Palestinian territories, Kosovo and Haiti) are considered fragile by the World Bank and other regional development banks (figure 1).
 

The Impact of Vocational Training for the Unemployed in Turkey: an inside look at my latest paper

David McKenzie's picture
My latest working paper (joint with Sarojini Hirschleifer, Rita Almeida and Cristobal Ridao-Cano) presents results from an impact evaluation of a large-scale vocational training program for the unemployed in Turkey. I thought I’d briefly summarize the study, and then discuss a few aspects that may be of more general interest.

The study

A Working Future for Turkey’s Women?

Martin Raiser's picture

Building hospital gurneys at the Tautmann factory in Turkey A couple of weeks ago, just after International Women’s Day, we had a coffee hour in the World Bank’s Ankara office to watch short videos of five women that have recently started up their own business and transformed their lives and that of their families (stay tuned for the release of these films, currently being edited). Their stories were uplifting, but the discussion quickly turned to the dismal field of statistics. Commentators stressed that female labor force participation in Turkey remains at only half of the OECD level, that Turkey loses around 25 percent of its potential GDP because of this, and lamented that social norms and mixed political messages on the role of women in society were preventing greater progress towards gender equality.

Overcoming the Middle Income Trap

Wolfgang Fengler's picture

The Western Balkans Case

ZM-SE003 World Bank The Western Balkans have a lot going for them: ideal location next to the world’s largest economic bloc, a well-educated workforce, relatively low wages and decent infrastructure. FDI and investors should be rushing in … but are they?

Southeast Europe is the next frontier of EU expansion and includes six countries: Albania, Bosnia & Herzegovina, Kosovo, Macedonia, Montenegro and Serbia. These countries have a lot in common and an equal amount of differences. They are all relatively small open economies, with a growth strategy premised on deeper international integration. Some, especially Macedonia, are more advanced in attracting international investors but as a whole, the region seems to be stuck in a classical Middle Income Trap: they are too rich to compete on low-cost manufacturing but are too poor to be global innovators. After a strong recovery following war and conflicts in the 1990s, the growth momentum has stalled over the last five years and the region has been particularly vulnerable to external shocks.

Albania’s Story: Reaching the poor in social protection systems

Erion Veliaj's picture
Albania's Story: Reaching the poor through social protection systems
At this year’s south-south forum on labor and social protection systems, organized by the World Bank and the government of Brazil this week in Rio de Janeiro, Brazil, I had the opportunity to present Albania’s story on modernizing the country’s “Ndihma Ekonomike” cash transfer program.  The term “Ndihma Ekonomike” refers to providing support to vulnerable groups or families in need. But how do we determine who are eligible?

Can Tax Reforms Help Create Jobs?

Sebastian Eckardt's picture

Europe faces a significant job challenge. At an average of 11 percent, unemployment remains stubbornly high while labor force participation, at 58 percent of the working age population, lags behind most other regions of the world. This means, that only every second person in working age currently has a paying job across the region. Addressing the job challenge requires multifaceted labor market policies. We argue however that reducing the tax burden on labor, which remains high across the region, holds the promise of improving labor market outcomes. Such tax cuts could especially target low-wage workers, which often face the highest marginal tax rates and very elastic labor demand and are therefore most likely to be priced out of the formal labor market.

EdStats: Big Data, Better Policies, Learning for All

Husein Abdul-Hamid's picture



Are we effective in presenting education data to help tackle the real issues that developing countries are facing? The education community continues to be puzzled by two realities: (1) crucial data is often not available and (2) available data is often hard to digest.

Is Inequality the Convenient Villain or a Misguided Obsession?

Jean-Pierre Chauffour's picture

Inequality is back in the news. In his 2014 State of the Union address, U. S. President Obama lamented that, “after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better.  But average wages have barely budged.  Inequality has deepened.  Upward mobility has stalled.”   At the global scale, Oxfam is making the same point, noting in a recent report that the richest 85 people in the world own the same amount of wealth as the 3.5 billion bottom half of the Earth's population. Perhaps more surprising, the rich and powerful CEOs jetting to Davos earlier this year seemed to finally get it: capitalism cannot survive if income and wealth become concentrated in too few hands. Fighting inequality would therefore not only be the morally correct thing to do, it would also be smart economics.  And this is what a recent Staff Discussion Note from the IMF suggests: “inequality can undermine progress in health and education, cause investment-reducing political and economic instability, and undercut the social consensus required in the face of shocks, and thus tends to reduce the pace and durability of growth.”


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