Economic reforms have altered Vietnam from one of the world's lowest income countries to a lower-middle-income country. However, since 2008, Vietnam has faced major challenges in restoring macroeconomic...
Tales from the development frontier is an important publication that presents analytical reviews and case studies that show how selected developing countries have developed light manufacturing to create...
Links between social capital, human capital, and product imitation are studied in an overlapping generations model of endogenous growth where the key benefit of social capital is to promote imitation...
This book on light manufacturing in Zambia is part of broader World Bank work on light manufacturing in Africa. The focus on light manufacturing, with its emphasis on labor-intensive economic activities...
This paper studies the role of public policy in promoting industrial transformation from an imitationbased, low-skill economy to an innovation-based, high-skill economy, where technological progress now...
What role does public policy play in helping countries accelerate the industrialization process? This note aims to answer this question by applying a framework to analyze the process of transitioning from...
The chapters in part one provides the overall context of light manufacturing in Tanzania. Chapter one presents the rationale for the study, the potential of the sector in creating jobs and prosperity for...
This book sheds light on the characteristics of formal and informal manufacturing firms in Africa by comparing these firms with firms in other regions. Drawing on two data sources, the authors find that...
The World Bank's strategy for Africa's future recognizes the central importance of industrialization in Sub-Saharan Africa, and the consequent creation of productive jobs for Africans, which have long...
The World Bank's strategy for Africa's future recognizes the central importance of industrialization in Sub-Saharan Africa, and the consequent creation of productive jobs for Africans, which have long...
Firms in developing countries face numerous and serious constraints on their growth, ranging from corruption to lack of infrastructure to inability to access finance. Countries lack the resources to remove...
This paper advances an alternative explanation of the large external imbalance between the United States (U.S.) and China, and its linkages to the current global financial crisis. The authors show that...
Zambia's economy is not growing fast. Poverty is on the rise. The quality of economic governance is on the decline. And public resources are not well spent. The badly needed first steps to reverse all...
In the early 1990s, facing runaway inflation and budget discipline problems, the Zambian government introduced the so-called 'cash budget," in which government domestic spending is limited to domestic...
Facing runaway inflation and budget discipline problems in the early 1990s, the Zambian government introduced the so-called cash budget in which government domestic spending is limited to domestic revenue...
Fiscal policy is central to a country's economic and social objectives, from macroeconomic stability to sustainable growth and poverty reduction. But evaluations of a country's fiscal performance, over...
Although Egypt's budget deficit is far above the level found in other low-middle-income countries, the inflation rate in Egypt has never been very high. This is because the country has managed to finance...
An appropriate interest rate policy is considered essential to the success of stabilization and adjustment programs that Egypt might undertake. The broad objectives of such a policy would include deregulating...
Egypt has been able to escape high inflation by depleting its stocks of creditworthiness, money illusion, and enforceable foreign-exchange controls. These nonrecoverable assets are quickly becoming extinct...