Investment Rating - The report does not explicitly provide an investment rating for the industry discussed Core Insights - The report emphasizes that governments can effectively identify tradable sectors where public inputs can accelerate growth, particularly in developing countries where targeting can be more valuable due to fewer productive sectors and less technology [4][10] - Export promotion agencies are highlighted as effective institutions for coordinating public inputs to grow strategic sectors, presenting a cheaper and less capture-prone alternative to protectionism [4][10] - The report outlines a framework for export-led industrial policy, focusing on the importance of targeting industries based on international market growth, competition, comparative advantage, technological relatedness, and competitive advantage [12][41] Summary by Sections What: Growth, Competition, and Productivity Potential as Guides for Industrial Policy - The report discusses various theories regarding which sectors are beneficial for development, including manufacturing and tradable services, while emphasizing the importance of targeting based on specific country contexts [15][16] - It identifies international market growth as a critical measure for targeting sectors, noting that countries should focus on expanding exports in growing markets [21][17] - The presence of international competition is discussed as a risk factor, suggesting that targeting sectors with tough competition may be higher risk [22][24] How: Implementing Export-Led Development Strategy - The report outlines that developing countries face challenges in pursuing industrial policies due to international trade rules, which often limit their ability to discriminate against foreign interests [44][46] - It suggests that developing countries can still pursue industrial policy by focusing on tariff negotiations, improving access to new customers and suppliers, and ensuring quality certification and standards [48][50][51] - The role of export promotion agencies is emphasized, with evidence showing that they can effectively support exporters by providing training, market analysis, and facilitating trade opportunities [51][52]

Policy Research Working Paper 10903 Public Disclosure Authorized Public Disclosure Authorized The Economic Impacts of the Syrian Refugee Migration on Jordan An Integration Perspective Juan Segnana Gladys Lopez-Acevedo Raymond Robertson Jaime Alfonso Roche Rodriguez Poverty and Equity Global Practice September 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10903 Abstract The Syrian Civil War in 2011 led to a substantial influx of refugees into Jordan, with more t ...

Policy Research Working Paper 10882 Public Disclosure Authorized Public Disclosure Authorized Development Acupuncture The Network Structure of Multidimensional Poverty and Its Implications Viktor Stojkoski Luis F. Lopez-Calva Kimberly Bolch Almudena Fernandez Poverty and Equity Global Practice August 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10882 Abstract While development literature has come a long way in conceptualizing and measuring poverty multidimensi ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10900 Long-Term Growth Prospects in Peru Leveraging the Global Green Transition and the Reforms Needed to Become a High-Income Country Daniel Barco Bledi Celiku Paulo Chávez Arthur Mendes Steven Pennings Elena Resk Development Research Group & Macroeconomics, Trade and Investment Global Practice September 2024 Public Disclosure Authorized Policy Research Working Paper 10900 Abstract This pape ...

\ WORLD BANK GROUP BHUTAN COUNTRY ECONOMIC MEMORANDUM Maximizing Bhutan's Potential for Economic Diversification and Structural Transformation Bhutan Country Economic Memorandum © 2024 The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved This work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors of The Wor ...

Investment Rating - The report does not provide a specific investment rating for the industry analyzed Core Insights - The study reveals that higher conflict exposure does not significantly impact firm profits, as it leads to reductions in both sales and total costs, indicating a decrease in overall economic activity despite stable profits [3][29] - The analysis utilizes longitudinal firm-level data from 91 countries between 2006 and 2019, focusing on the effects of conflict exposure on various firm outcomes [3][7] - The findings suggest that firms in countries with low-quality bureaucracy experience more pronounced negative effects from conflict exposure compared to those in countries with high-quality bureaucracy [9][29] Summary by Sections Introduction - The report highlights the prevalence of conflict and political violence affecting over 1.7 billion people globally, with significant economic activity continuing under such conditions [7] - It emphasizes the shift from macroeconomic to microeconomic analyses of conflict's effects on firms [7] Data - The primary data source is the World Bank Enterprise Survey (WBES), which includes information from approximately 180,000 firms across 148 countries, focusing on privately owned firms in the formal sector [12] - The study constructs a firm-specific measure of conflict exposure based on the number of political violence events within a 20 km radius of each firm's location [15] Empirical Strategy - The report employs a fixed-effects model to estimate the impact of conflict exposure on firm outcomes, including sales, total costs, and profits [20] - The identification strategy assumes that conflict events near a firm's location are uncorrelated with any latent determinants of its economic performance [20] Results - Increased conflict exposure leads to a significant reduction in median sales by 2.8% for a one-standard-deviation increase in conflict events [21] - Conflict exposure results in a significant reduction in total production costs, primarily due to diminished availability of inputs rather than lower input prices [22] - The null effect on profits indicates that firms adjust their production costs in response to reduced sales [23] Mechanisms - Conflict exposure reduces a firm's access to raw materials and intermediate inputs, particularly imported ones, leading to decreased output [31] - The analysis shows that conflict exposure results in a shift towards employing more unskilled workers, thereby reducing total labor costs [32]

Policy Research Working Paper 10897 Public Disclosure Authorized Public Disclosure Authorized A Literature Review on Productivity and Growth in Brazil Fernando Veloso Gabriel Zaourak Macroeconomics, Trade and Investment Global Practice September 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10897 Abstract Productivity growth in Brazil has not kept pace with developed and emerging economies, despite progress in achieving macroeconomic stability and implementing ...

Policy Research Working Paper 10895 Public Disclosure Authorized Public Disclosure Authorized Dynamic Exports and Labor Markets for Inclusive Growth in Cambodia Deeksha Kokas Jaime Alfonso Roche Rodriguez Gladys Lopez Acevedo Raymond Robertson Wendy Karamba Poverty and Equity Global Practice September 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10895 Abstract Cambodia's rapid economic growth in the past few decades has coincided with trade liberalization and ...

Policy Research Working Paper 10896 Public Disclosure Authorized Public Disclosure Authorized Economic Transformation in Africa The Role of North-South and South-South Trade Woubet Kassa Gideon Ndubuisi Solomon Owusu Africa Region Office of the Chief Economist September 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10896 Abstract This paper contributes to the discussion on Africa's pathways to economic transformation by examining the roles of trade patterns—spe ...

Investment Rating - The report does not provide a specific investment rating for the industry. Core Insights - The study investigates the impact of working with same-race coworkers on employee retention, revealing that a decrease in the non-white share of coworkers significantly reduces the retention of non-white workers, while white workers' retention remains unaffected [4][12][46] - The findings suggest that peer dynamics contribute to racial segregation in workplaces, with non-white workers more likely to leave for jobs with a higher proportion of same-race peers [4][13][46] - The analysis utilizes administrative employer-employee data from Brazil, focusing on the effects of unexpected worker deaths as exogenous shocks to peer group composition [4][12][27] Summary by Sections Introduction - The paper examines how the presence of same-race peers influences worker retention, positing that individuals prefer to work with those of similar racial backgrounds [8][9] Background and Data - Brazil exhibits significant racial segregation in labor markets, with about 80% of white workers' colleagues being white, compared to 50% for non-white workers [9][21] - The study uses data from the Relação Anual de Informações Sociais (RAIS), which includes comprehensive records of formal employment in Brazil [26][27] Empirical Strategy - The research exploits unexpected deaths of workers to analyze changes in peer group racial composition and its effects on retention [27][37] - The study focuses on small peer groups to ensure that the death of one worker significantly impacts the racial composition [33][34] Results - The death of a non-white coworker leads to a 1.1 percentage point decrease in the retention of non-white incumbents, equating to a 1.8% drop relative to the control mean [12][46] - The retention rates of white incumbents show no significant changes following the death of either a white or non-white coworker [12][46] - The study finds that non-white workers tend to leave for new jobs with a higher share of same-race peers, indicating a preference for racial homophily in workplace settings [13][46]