The emergence of GVCs has only intensified the debate about globalization and inequality. How does GVC participation contribute to wage inequality within nations?
Subsidy programs far surpass tariffs and nontariff measures as the most frequent form of policy intervention.
A groundbreaking new report, completed with support of the World Bank, provides the Dominican Republic’s first-ever regional accounts aligned with international standards for the System of…
Services employ more workers and generate more jobs than any other sector – providing millions with the human dignity that comes with being productively employed.
Smaller preferential trade agreements, or PTAs, has been a promising development towards bolstering international trade. Most new PTAs also include non-trade provisions that delve into other…
Energy prices gained 7.8% in August, led by natural gas (+17.3%) and coal (+8.5%), the World Bank’s Pink Sheet reported. Non-energy prices declined by 1.2%.
Despite efforts to promote gender equality in the workforce, biases, social norms, and individual preferences can hinder optimal movement across sectors.
Much has been written about the looming debt crisis in low- and middle-income countries. A series of global shocks and a worsening climate crisis have created an unprecedented challenge for many…
In 1990, about half of the population in Sub-Saharan Africa and South Asia and two-thirds in East Asia and the Pacific were living in extreme poverty (defined as living on less than what today…
Developing countries are most vulnerable to the trade-distorting effects of subsidies. They rely on trade to drive economic growth, reduce poverty, diversify their economies, and respond to…