To optimize the benefits of trade, trade facilitation efforts should aim to reduce the cost of trading across borders for everyone, not just large corporations. Many of smaller-scale trading…

Heidi Stensland Warren , Maria Liungman, Aileen Yang |

The good governance of public financial resources is often more challenging during good times than during bad times. In the event of an unexpected negative shock – say a drought or a sudden…

Sébastien Dessus |

Amid the recent rise of populism and protectionism, the labor market implications of trade have increasingly moved to the center of political and economic debates. Autor et al (2013), in an…

Ha Minh Nguyen |

A lack of transparency: it is one of the most common complaints of the private sector in many developing countries where the World Bank Group works. [[tweetable]]Improved transparency can lower…

Marcus Bartley Johns, Bill Gain, Luc Pugliatti |

It has been almost four years since I first became involved with the regional public-private dialogue initiative, the Caribbean Growth Forum (CGF). In June 2012, I walked into the conference room…

Israel Mallett |

Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Openness to Merchandise Trade and GDP per Capita (Average 2010-2012) A well-established correlation in trade economics is the connection between gross domestic product (GDP) and openness to trade…

Jose Daniel Reyes, Siddhesh Kaushik, Julia Oliver |

Sri Lanka conjures up different images in the minds of different people: lush green tropical canopies, steaming cups of aromatic tea, and hardworking fishermen in their dinghy boats. For me, the…

Parth Shri Tewari |

Editor's Note: "Notes From the Field" is an occasional feature where we let World Bank professionals conducting interesting trade-related projects around the globe explain some of…

Miles McKenna |