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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Debt Markets ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Non Bank Financial Institutions ; Securities Markets Policy and Regulation
    Abstract: The Philippines corporate debt and equity markets will need to grow to provide alternative financing sources to support the strongly growing economy and emphasis on infrastructure spend. Capital markets deepening will be an essential pre-requisite for the country's continued economic development. Well-functioning capital markets ensure the optimal allocation and pricing of capital. This enables retail and wholesale pools of capital to be efficiently deployed in a manner that maximizes returns for such owners of capital against their risk profile. Furthermore, there are a number of technical and operational issues that can be addressed, that can significantly improve the enabling environment for and functioning of the capital markets. The result of these factors has been a lack of focus in policy development and implementation that has hampered capital market development. Key issues include: a lack of commitment to reform from key stakeholders that has impeded the development of markets and market infrastructure; an onerous tax environment that has deterred issuance and investment; a continuing need to improve investor confidence by strengthening the quality of supervision and enforcement for market intermediaries and market operators; cumbersome regulatory requirements and processes around issuance, particularly debt issuance; and outdated and inefficient trading and post-trading infrastructure, and governance concerns regarding market operators. In order to effect meaningful change, a capital markets champion is required. This champion should be cognizant of the relevance of capital markets to the country and possess the will and vision to drive legislative, regulatory, and tax reforms. In addition, a commitment to initiate a change in the ownership and governance of key exchanges and enforce policy against entrenched interests will provide considerable impetus for development
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Access and Equity in Basic Education ; Agricultural Sector Economics ; Agriculture ; Education ; Food Security ; Gender ; Incentives ; Inequality ; Labor Market ; Poverty ; Poverty Reduction ; Rural Development ; Rural Labor Markets ; Social Protections and Labor
    Abstract: Using the most recent household survey data, this paper examines the characteristics of Sudan's labor market as it relates to poverty outcomes. Several important aspects of the labor market are analyzed, including the relationship between labor market indicators and the demographic structure of the population, geographic location, education, and gender. It highlights the significant differences in labor market outcomes depending on the structure and distribution of the population and Sudan's labor market's many challenges across different dimensions, including demography, gender, and geography. The four key messages can be summarized as follows: first, Sudan is at the verge of entering the earl-dividend stage of the demographic transition. Sudan's population, while still very young, is on track to enter into the early-dividend stage of the demographic transition within just a few years, raising the stakes for job creation and investment in human capita. Second, while we find evidence for an increase in employment and labor force participation at the national level, this increase seems to be driven by seasonal labor in agriculture and increasing economic hardship, respectively. In urban areas, however, unemployment increased sharply, especially among youth. And despite the overall increase in employment and labor force participation, Sudan's labor market still underperforms in comparison to its peers. Third, Sudan's labor market is characterized by large gender disparities, including in terms of employment opportunities and pay. Finally, we find no signs of the beginnings of a structural transformation over the time-period author study; agriculture remains the mainstay of a large majority of employed Sudanese. Rather, labor productivity and real wages outside of agriculture declined markedly between 2009 and 2014, especially in sectors with links to the oil economy. The paper offers policy insights to enhance the role of the labor market in reducing poverty and boosting shared prosperity in Sudan, key among which are 1) encouraging private sector growth, 2) overcoming gender discrimination in the labor market, 3) investing in agriculture and re-storing price incentives, and 4) further expanding access to quality education
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  • 3
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Protection and Labor Discussion Papers
    Keywords: Poverty Assessment ; Poverty Reduction ; Social Assessment ; Social Development ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: As part of the ongoing debate on the modernization of the Bolsa Familia (BF) program, several reform proposals were presented through 2019, including by the Ministry of Citizenship (MoC), Congress and the think tank IPEA, the latter as part of a broader proposal to consolidate various expenditures. This note uses the BraSIM microsimulation model to evaluate the 2019 proposals in the context of Brazil's tax benefit system. All proposals lead to a higher number of beneficiaries, with the poorest families, especially children and youth, benefitting the most. In general, the progressive incidence of the current program would vary little in the MoC and Congress reforms, but is reduced in IPEA's, which includes a universal component. The three proposals have different contributions on poverty-reduction: IPEA's reform is significantly less efficient than the current scenario and other reforms in terms of cost-effectiveness. However, IPEA's proposal most contributes to the reduction of inequality, and is the only one that identifies financing sources through the extinction of more regressive expenditures. Through this comparative analysis, the Note also highlights the main dilemmas about the future of the program, which remain relevant even in the post-COVID-19 reality: the tension between generosity and coverage; the priorization of certain groups for poverty-reduction; reconciling the program's objective of encouraging human capital for children with its role of minimum income guarantee; the risks of eliminating a "basic benefit". While only IPEA's proposal identified financing sources for the program's expansion, the Note reveals additional potential sources of financing for the BF program in the tax benefit system
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464810176
    Language: English
    Pages: Online-Ressource (1 online resource (272 p.))
    Edition: Online-Ausg.
    Series Statement: Global Economic Prospects
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Developing Countries ; Developing Economies ; Economic Growth ; Economic Prospects ; Emerging Markets
    Abstract: Stagnant global trade, subdued investment, and heightened policy uncertainty marked another difficult year for the world economy. A moderate recovery is expected for 2017, with receding obstacles to activity in commodity-exporting emerging market and developing economies. Weak investment is weighing on medium-term prospects across many emerging market and developing economies. Although fiscal stimulus in major economies, if implemented, may boost global growth above expectations, risks to growth forecasts remain tilted to the downside. Important downside risks stem from heightened policy uncertainty in major economies. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the causes, consequences and policy implications of weak investment in emerging markets and developing economies, and a special focus on the role of the U.S. economy in the world. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Agriculture ; Employment ; Employment and Unemployment ; Gender ; Labor and Employment Law ; Labor Markets ; Law and Development ; Skills Development and Labor Force Training ; Social Protections and Labor
    Abstract: Due to frequent domestic and external shocks, Niger is one of the poorest countries in the world. Located in a sub-region repeatedly challenged by security threats such as the Libyan conflict, the Mali crisis and the Boko Haram armed attacks, the Nigerien economy is exposed to severe climate shocks that largely impact the country's economic performance. Despite going through several episodes of political turbulence, Niger has experienced relative political stability, with beneficial effects for economic growth since 2011. To sum up, Niger is a country that faces the jobs challenges of an agrarian and increasingly resource-based economy, and in which a large part of the population is young, poor and exposed to external and internal shocks. In Niger, most population is poor and lives in rural areas, implying that the jobs with the highest development impact are in agriculture. However, as discussed, jobs per se do not guarantee sufficient income opportunities to escape poverty; as such, increases in productivity are crucial for improving living standards. Moreover, giving the high exposure of poor and rural households to climatic shocks and food insecurity, the new jobs agenda needs to encourage the use of modern and inputs and decrease reliance on rainfall patterns. This book is arranged as follows: 1) Chapter one explains the employment structures in Niger; 2) Chapter two discusses employment dynamics and transitions; 3) Chapter three has the analysis of agricultural employment; 4) Chapter four looks at non-agricultural household enterprises; and 5) Chapter five introduces the youth occupational aspirations
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  • 6
    ISBN: 9781464808234
    Language: French
    Pages: Online-Ressource (1 online resource (220 p.))
    Edition: Online-Ausg.
    Series Statement: Africa Development Forum
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Child Mortality ; Economic Growth ; Fertility ; Health ; Investment ; Population
    Abstract: Resume : L'Afrique est sur le bord d'un lancement potentiel de croissance economique soutenue. Cette ascension peut etre acceleree par un dividende demographique du aux changements dans la structure par age de la population. Les baisses de la mortalite infantile, suivies par la baisse de la fecondite, produisent une generation renflement et un grand nombre de personnes d'age actif, donnant un coup de pouce a l'economie. Dans le court terme, une fecondite plus faible engendre une baisse des taux de dependance des jeunes et une plus grande participation de la population active feminine en dehors de la maison. La reduction de la taille de la famille signifie egalement qu'il reste davantage de ressources a investir dans la sante et l'education par enfant, augmentant ainsi la productivite future des travailleurs. Au long terme, une duree de vie accrue resultant de l'amelioration dans le domaine de la sante signifie que cette vaste cohorte aux gains eleves sera egalement desireuse d'epargner pour la retraite ainsi que pour la creation de l'epargne et des investissements plus consequents, conduisant ainsi a d'autres gains de productivite. Deux choses sont necessaires pour que le dividende demographique genere un decollage economique de l'Afrique. La premiere consiste a accelerer la baisse de la fecondite qui est actuellement au point mort ou lente dans de nombreux pays. La seconde est les politiques economiques qui profitent de l'occasion offerte par le changement de la demographie. Alors que l'evolution demographique peut produire plus, et des travailleurs de meilleure qualite, cette main-d'cuvre potentielle doit etre employee si l'Afrique se doit de recolter le dividende. Cependant, une fois en route, la relation entre l'evolution demographique et le developpement humain fonctionne dans les deux sens, c'est-a-dire qu'elle cree un cercle vertueux susceptible d'accelerer la baisse de la fecondite, le developpement social et la croissance economique. Les recherches scientifiques montrent trois facteurs cles pour accelerer la transition de la fecondite: la sante des enfants, l'education des femmes et l'autonomisation des femmes, notamment par l'acces a la planification familiale. Exploiter le dividende demographique necessite la creation d'emplois pour les grandes cohortes de jeunes qui entrent en age de travailler et qui stimulent les investissements etrangers jusqu'a faire augmenter l'epargne interieure et l'investissement. La combinaison appropriee de politiques dans chaque pays depend de leur stade de transition demographique. Etant la derniere region a subir la transition demographique, l'Afrique peut tirer les lecons des reussites et des echecs des autres regions dans l'exploitation d'un dividende demographique. Le succes exige (i) l'acceleration de la transition demographique; (ii) une economie dynamique produisant des revenus et des investissements plus eleves pour une jeunesse mieux eduquee et en meilleure sante
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464807787
    Language: English
    Pages: Online-Ressource (1 online resource (190 p.))
    Edition: Online-Ausg.
    Series Statement: Global Economic Prospects
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Developing Countries ; Developing Economies ; Economic Growth ; Economic Prospects ; Emerging Markets ; Global Economy
    Abstract: Global growth prospects have deteriorated in 2016. Emerging market and developing economies are facing increased external headwinds, including softer growth in advanced economies. Commodity exporters are struggling with particularly challenging conditions, while commodity importers are thus far showing greater resilience. Global growth is expected to gradually accelerate in 2017-18 but risks to the outlook are increasingly more pronounced. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes two Special Focus essays of critical importance for emerging and developing economies: an analysis of the buildup of private debt in emerging and frontier markets and a quantitative study of uncertainties surrounding global growth. This year marks the 25th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that has, since its inception in 1991, examined international economic developments and prospects, with a special focus on emerging market and developing economies. It has also included analytical essays on a wide range of topical macroeconomic, financial, and structural policy challenges faced by these economies. It is published on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges, while the June edition contains shorter analytical essays
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource)
    Edition: Online-Ausg.
    Series Statement: South Asia Economic Focus
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: South Asia ; Macroeconomic Development and Outlook ; India ; Inflation and Prices ; Investment ; Trade ; External Vulnerability ; Fiscal Policy ; Economic Growth ; Economic Policy ; Economic Risks
    Abstract: South Asia by now has consolidated its position as fastest growing developing region in the world. Against the backdrop of relative external stability and some monetary policy space, growth is expected to continue a gradual acceleration on the back of strong investment performance and a return to solid contributions from export growth. India remains the motor of the region and on its way closer to 8 percent real GDP growth, though on a relatively more gradual path than previously anticipated. At the same time, economies across the region will have to tackle fading tailwinds and face ever more binding domestic constraints in the form of persistently high fiscal deficits together with high debt levels as well as some vulnerabilities in the financial sector. The focus section of this report will delve deeper into evaluating the quality of fiscal consolidation and policy, trying to assess short and longer term impact across major South Asian economies
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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