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"Accelerating Development" embarks on a comprehensive deep dive into Global Value Chains (GVCs), exploring their profound impact on global economies and development. We discuss how GVCs have historically fueled economic progress and poverty reduction, demonstrating a significantly more powerful effect on per capita income growth compared to traditional trade, driven by hyper-specialization and durable long-term relationships.
However, the GVC landscape is actively evolving. We examine the slowing growth observed since the 2008 financial crisis, new technological advancements like 3D printing, and the increasing influence of geopolitical trade tensions, raising critical questions for researchers and policymakers on how developing countries can effectively navigate and benefit from these shifts.
Our discussion highlights the key drivers for GVC participation, emphasizing the crucial role of factor endowments, market access, geographic connectivity, technology, foreign direct investment, and robust institutions. We also delve into the complexities of making GVCs work for broader, more inclusive, and sustainable development goals, addressing environmental impacts, potential social inequalities, and the vital importance of continuous upgrading and proactive risk management through smart policy. What new research questions emerge regarding the long-term path for countries deeply integrated into GVCs given these fundamental shifts?
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"Accelerating Development" embarks on a comprehensive deep dive into Global Value Chains (GVCs), exploring their profound impact on global economies and development. We discuss how GVCs have historically fueled economic progress and poverty reduction, demonstrating a significantly more powerful effect on per capita income growth compared to traditional trade, driven by hyper-specialization and durable long-term relationships.
However, the GVC landscape is actively evolving. We examine the slowing growth observed since the 2008 financial crisis, new technological advancements like 3D printing, and the increasing influence of geopolitical trade tensions, raising critical questions for researchers and policymakers on how developing countries can effectively navigate and benefit from these shifts.
Our discussion highlights the key drivers for GVC participation, emphasizing the crucial role of factor endowments, market access, geographic connectivity, technology, foreign direct investment, and robust institutions. We also delve into the complexities of making GVCs work for broader, more inclusive, and sustainable development goals, addressing environmental impacts, potential social inequalities, and the vital importance of continuous upgrading and proactive risk management through smart policy. What new research questions emerge regarding the long-term path for countries deeply integrated into GVCs given these fundamental shifts?
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The COVID-19 pandemic tested public health communication like never before. While providing information is crucial, does it always translate into action? In this episode of “Accelerating Development,” we delve into a groundbreaking World Bank meta-analysis on COVID-19 vaccination intentions. Drawing on insights from the 2015 World Development Report "Mind, Society, and Behavior," we examine how behaviorally informed messages – considering how people think socially and use mental models – significantly impacted public responses. From the power of trusted messengers to the nuances of message framing and the complexities of heterogeneity across contexts, we explore the methodological innovations and critical research frontiers this study illuminates for accelerating development through a deeper understanding of human behavior.
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The COVID-19 pandemic tested public health communication like never before. While providing information is crucial, does it always translate into action? In this episode of “Accelerating Development,” we delve into a groundbreaking World Bank meta-analysis on COVID-19 vaccination intentions. Drawing on insights from the 2015 World Development Report "Mind, Society, and Behavior," we examine how behaviorally informed messages – considering how people think socially and use mental models – significantly impacted public responses. From the power of trusted messengers to the nuances of message framing and the complexities of heterogeneity across contexts, we explore the methodological innovations and critical research frontiers this study illuminates for accelerating development through a deeper understanding of human behavior.
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The world's poorest nations are grappling with an unprecedented debt crisis. In this episode of "Accelerating Development," we delve into the World Bank's International Debt Report 2024. Join us as we explore the record $1.1 trillion external debt burden facing IDA-eligible countries and the complex factors driving this surge, from pandemic aftershocks to rising global interest rates.
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The world's poorest nations are grappling with an unprecedented debt crisis. In this episode of "Accelerating Development," we delve into the World Bank's International Debt Report 2024. Join us as we explore the record $1.1 trillion external debt burden facing IDA-eligible countries and the complex factors driving this surge, from pandemic aftershocks to rising global interest rates.
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The world of work is undergoing a rapid transformation, driven by technology and globalization. While this brings new opportunities, it also presents significant challenges. In this episode of “Accelerating Development”, tune in to unpack the World Development Report 2019: The Changing Nature of Work and explore how firms, workers, and societies are adapting. We delve into the skills needed for the future labor market, the evolving social contract, and how governments can respond to ensure inclusive growth. From the rise of digital platforms to the need for lifelong learning, we ask: is the changing nature of work a path to shared prosperity, or a driver of increased inequality?The world of work is undergoing a rapid transformation, driven by technology and globalization. While this brings new opportunities, it also presents significant challenges.
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The world of work is undergoing a rapid transformation, driven by technology and globalization. While this brings new opportunities, it also presents significant challenges. In this episode of “Accelerating Development”, tune in to unpack the World Development Report 2019: The Changing Nature of Work and explore how firms, workers, and societies are adapting. We delve into the skills needed for the future labor market, the evolving social contract, and how governments can respond to ensure inclusive growth. From the rise of digital platforms to the need for lifelong learning, we ask: is the changing nature of work a path to shared prosperity, or a driver of increased inequality?The world of work is undergoing a rapid transformation, driven by technology and globalization. While this brings new opportunities, it also presents significant challenges.
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Many countries have business-friendly laws on paper. But what happens when the public services meant to support them fall short? In this episode of “Accelerating Development”, tune in to unpack the World Bank’s Business Ready 2024 report and examine the often-overlooked gap between legislation and implementation. From underpowered tax portals to fragmented border systems, we ask whether firm resilience is a sign of strength, or a symptom of deeper dysfunction.
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Many countries have business-friendly laws on paper. But what happens when the public services meant to support them fall short? In this episode of “Accelerating Development”, tune in to unpack the World Bank’s Business Ready 2024 report and examine the often-overlooked gap between legislation and implementation. From underpowered tax portals to fragmented border systems, we ask whether firm resilience is a sign of strength, or a symptom of deeper dysfunction.
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How can countries avoid the “middle-income trap” and reach high-income status? In this episode, we unpack the World Development Report 2024, which outlines strategies for countries to shift to high-income status. Tune in for sharp insights on how nations can compete, innovate, and level the playing field to drive long-term prosperity. Generated with AI and guided by experts.
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How can countries avoid the “middle-income trap” and reach high-income status? In this episode, we unpack the World Development Report 2024, which outlines strategies for countries to shift to high-income status. Tune in for sharp insights on how nations can compete, innovate, and level the playing field to drive long-term prosperity. Generated with AI and guided by experts.
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Countries have made enormous progress in recent decades dismantling laws that discriminate against women, but to this day, no country has achieved true equality of opportunity. According to the World Bank 2024 Women, Business and the Law report, countries can unlock the full potential of their population by embracing legal gender equality. Closing the gender gap in employment and entrepreneurship could raise the global GDP by more than 20%. Listen to what countries can do to turbocharge global growth. Generated with AI and guided by our experts.
Host: Renos Vakis, Lead Economist at the World Bank
Learn more:
Women, Business and the Law 2024 reportAbout the Institute for Economic DevelopmentHelp us improve:
Take a few minutes to send us your feedback.
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Countries have made enormous progress in recent decades dismantling laws that discriminate against women, but to this day, no country has achieved true equality of opportunity. According to the World Bank 2024 Women, Business and the Law report, countries can unlock the full potential of their population by embracing legal gender equality. Closing the gender gap in employment and entrepreneurship could raise the global GDP by more than 20%. Listen to what countries can do to turbocharge global growth. Generated with AI and guided by our experts.
Host: Renos Vakis, Lead Economist at the World Bank
Learn more:
Women, Business and the Law 2024 reportAbout the Institute for Economic DevelopmentHelp us improve:
Take a few minutes to send us your feedback.
