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- Dictionaryeconomics/ˌiːkəˈnɒmɪks/
plural
- 1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
- 2. the condition of a region or group as regards material prosperity: "he is responsible for the island's modest economics"
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Apr 1, 2024 · Macroeconomics is the branch of economics that deals with the overall functioning of the economy. Macroeconomic policies have a critical influence on the decisions of households and firms to spend, save, hire and invest. And the conditions they foster set the stage for economic growth and development. The World Bank Group’s macroeconomists work toward the institution's primary goals of reducing poverty and ensuring shared prosperity by encouraging countries to enact stabilizing, effective ...
A Project for the World. Welcome to the Human Capital Project (HCP), a global effort to accelerate more and better investments in people for greater equity and economic growth. In a post-COVID-19 pandemic world, it's even more important to understand why countries should invest in human capital (HC) and protect hard-won gains from being eroded.
Oct 17, 2024 · Overview. Investing in sustainable infrastructure helps connect people with opportunities, promotes economic growth, and improves livelihoods. It also provides a pathway for countries to integrate their climate and development goals by investing in projects that reduce carbon footprints, including renewable energy, green transport, and digital ...
Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap.”. Lower-middle-income countries must go beyond investment-driven strategies—they must also adopt modern technologies and successful business ...
Apr 4, 2022 · Trade is an engine of growth that creates better jobs, reduces poverty, and increases economic opportunity. Recent research shows that trade liberalization increases economic growth by an average of 1.0 to 1.5 percentage points, resulting in 10 to 20 percent higher income after a decade. Since 1990, trade has increased incomes by 24 percent ...
Oct 3, 2022 · The first edition of the Human Capital Index (HCI), published by the World Bank Group in October 2018 and updated in 2020, shows that nearly 60% of children born today will be, at best, only half as productive as they could be with complete education and full health (as defined by the index, see question 5). This reflects a serious human ...
According to the report, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022. The poorest countries eligible to borrow from the World Bank’s International Development Association (IDA) paid a record $88.9 billion in debt-servicing costs in 2022, 4.8 percent more than in 2021.
Mar 28, 2024 · Using Behavioral Economics to Boost Impacts: Laura Rawlings [Presentation] Moderator: Margaret Grosh . Day 2 – Tuesday, Oct 29, 2019. 1. Social safety nets: a primer and course overview Ugo Gentilini [Presentation] 2. Delivering safety nets: a framework John Blomquist [Presentation] 3. Choices in cash transfers: key design parameters
The four main dimensions of food security: Physical availability of food: Food availability addresses the “supply side” of food security and is determined by the level of food production, stock levels and net trade. Economic and physical access to food: An adequate supply of food at the national or international level does not in itself ...
Digital Transformation. Digitalization is the transformational opportunity of our time. But about one-third of the global population, or 2.6 billion people, remained offline in 2023. The World Bank Group faces complex challenges in our efforts to reduce poverty and ensure that everyone sees benefits from economic growth.
