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The Effects of Regulating Platfom-based Work on Employment Outcomes
世界银行· 2024-10-31 23:08
olic Disclosure Autho The effects of regulating platform-based work on employment outcomes: A review of the empirical evidence olic Disclosure Author olic Disclosure Author c Disclosure Authoriz ORLD BANK GROUP David Alzate Table of Contents l. Introduction A. Background: The rationale for protecting digital platform workers B. Mapping the evidence: A framework for potential regulatory and worker protection interventions ll. Interventions and findings: What does the evidence say? D. Leveraging platforms to ...
Jordan Economic Monitor Strength Amidst Strain
世界银行· 2024-10-31 23:03
Public Disclosure Authorized Public Disclosure Authorized JORDAN ECONOMIC MONITOR Strength Amidst Strain: Jordan's Economic Resilience Summer 2024 Public Disclosure Authorized Public Disclosure Authorized Middle East and North Afric THE WORLD BANK Jordan Economic Monitor Strength Amidst Strain: Jordan's Economic Resilience Summer 2024 Middle East and North Africa Region © 2024 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 ...
Turning a corner: The State of Grocery Retail 2024
麦肯锡· 2024-10-31 00:08
McKinsey & Company McKinsey Direct Turning a corner The State of Grocery Retail 2024 South Africa Contents 2 Foreword 3 The global context: Signs of recovery as consumer confidence returns 3 South Africa's grocery market: Potentially turning a corner after several challenging years 15 Implications for grocery players 1 Turning a corner: The State of Grocery Retail 2024 Damian Hattingh Daniel Läubli Gokmen Ciger Pauline Carrion The grocery retail market in South Africa has been under sustained pressure for s ...
Overcoming the European tech IPO challenge
麦肯锡· 2024-10-31 00:08
Investment Rating - The report indicates a significant economic disadvantage for Europe in the tech IPO market compared to the US, suggesting a need for strategic improvements to enhance competitiveness and economic growth [2][4]. Core Insights - Europe has experienced a substantial economic loss due to tech companies opting for US listings, with a total capital raised through IPOs in the US being approximately 340 billion USD more than in Europe from 2015 to 2023 [7][9]. - The average market capitalization of tech IPOs in Europe is significantly lower than that in the US, with a ratio of 11.6 times higher for US tech IPOs [9][11]. - The fragmented nature of European capital markets is a key factor driving companies to list in the US, highlighting the need for a more unified and tech-focused exchange in Europe [2][58]. Summary by Sections Economic Disadvantage - Europe has a lower IPO market capitalization compared to the US, resulting from fewer listings and lower valuations at listing [2][4]. - The total market cap of tech companies at IPO in the US is 1,654 billion USD, while in Europe it is only 142 billion USD [11][9]. Venture Capital Landscape - Venture capital funding in Europe is underdeveloped, accounting for only 1.0% of GDP compared to 1.5% in the US [6]. - The report emphasizes that venture capital historically shows attractive long-term returns and is a key driver for economic growth [5]. IPO Market Performance - From 2015 to 2023, European tech IPOs raised significantly less capital than their US counterparts, with European companies raising only 22% of their total valuation through IPOs compared to 27% in the US [7][10]. - The average yearly tech IPO value in the US is substantially higher, with a peak valuation of 901 billion USD compared to 93 billion USD in Europe [10][11]. Market Fragmentation - The European stock market is characterized by a fragmented structure with 35 different exchanges, compared to only three major exchanges in the US [58]. - The lack of a centralized "European Tech company hub" contributes to the challenges faced by European companies in attracting international investors [58][61].
Connecting Social Protection, Labor Market Interventions and Fisheries Management in Viet Nam
世界银行· 2024-10-30 23:03
SOCIAL PROTECTION & JOBS | POLICY & TECHNICAL NOTE JUNE 2024 | No. 41 HIGHLIGHT Vietnam's fisheries sector faces complex challenges, requiring a multifaceted approach for resolution. Fishing capacity in coastal, inland, and offshore fisheries should be reduced to rebuild fish stocks. Additionally, measures are needed to address the vulnerabilities of workers, such as income instability and health risks due to climate impacts and regulations. This necessitates coordinated efforts across various government le ...
The Changing Wealth of Nations - Building Coastal Resilience with Mangroves
世界银行· 2024-10-29 23:08
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized The CHANGING WEALTH of NATIONS 2024 TECHNICAL REPORT Building Coastal Resilience with Mangroves: The Contribution of Natural Flood Defenses to the Changing Wealth of Nations 20 30 40 60 80 100 120 140 160 Public Disclosure Authorized © 2024 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product o ...
The Changing Wealth of Nations
世界银行· 2024-10-29 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report emphasizes the critical role of terrestrial ecosystems, particularly forests, in carbon regulation and climate change mitigation [18][19] - It highlights the importance of accurate carbon stock estimation and valuation for effective environmental policy and investment decisions [21][28] - The ARIES approach is introduced as a method for integrating data and models to assess carbon stocks and ecosystem services [23][29] Summary by Sections Introduction - The introduction outlines the significance of global maps representing modeled vegetation carbon stocks from 2001 to 2020 [17] - It discusses the role of terrestrial ecosystems in providing carbon regulation services and their importance in addressing climate change [18] Overview of Carbon Stock Estimates - The model computes terrestrial carbon stock as the sum of aboveground biomass, belowground biomass, and soil organic carbon stocks [30] - The report provides annual snapshots of carbon stock estimates for various land cover classes, emphasizing the contributions of forests and wetlands [31] Carbon Stock Valuation - The monetary valuation of carbon retention is discussed, focusing on the annual flow of carbon storage and its economic implications [28] - The report aims to produce a comprehensive collection of measurements for carbon stocks, integrating biophysical and monetary values [22] ARIES Approach - The ARIES approach is highlighted for its ability to combine data and models to study the interaction of human and natural systems [23] - It emphasizes interoperability, allowing for the integration of new data and methodologies to improve results [29] Discussion of Results - The report discusses vegetation carbon stock results aggregated by country and disaggregated by land cover class, providing insights into global carbon distribution [5.1][5.2] - It identifies key drivers of change in carbon stocks, including land cover changes and ecological transformations [24][46]
Gabon Economic Update
世界银行· 2024-10-29 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Gabon's economic recovery is expected to continue, supported by new exploration and growth in mining, wood, and agriculture, despite challenges such as lower oil revenues and increased spending pressures [16] - The forestry sector is emerging as a key driver in Gabon's diversification agenda, contributing significantly to jobs and exports, while also playing a crucial role in climate commitments [19][20] - Gabon's forests absorb approximately 140 million tons of CO2 annually, highlighting their importance in global climate efforts [19] - The government is implementing fiscal reforms to optimize forest resources, aiming to secure higher public revenues and meet environmental goals [22] Summary by Sections Overview - Gabon's economy showed resilience amid political events, with a 3.7% increase in oil output benefiting from high global prices [14] - Inflationary pressures eased, with consumer price inflation falling to 2.2% year-on-year in December 2023, down from a peak of 5.8% [15] - Poverty affected 35.2% of households, with high unemployment and insufficient job creation contributing to economic challenges [15] Recent Economic Trends and Outlook - Global growth declined from 3.0% in 2022 to an estimated 2.6% in 2023, impacting Gabon's economic performance [25] - Gabon's fiscal revenues reached a record high of 22.9% of GDP in 2023, driven by strong oil production and enhanced tax collection [15] - The trade surplus was affected by lower oil prices and weaker performance in wood and manganese exports, with oil constituting 68% of total exports [15] Designing Fiscal Instruments for Sustainable Forestry - The forestry sector accounted for 3.2% of GDP and 6% of exports in 2023, becoming a major source of jobs and economic diversification [20] - Gabon has implemented a log export ban to promote local timber processing, which has transformed the wood sector into a significant economic pillar [20] - Fiscal policies are being reformed to integrate climate-smart instruments, aiming to enhance public revenues while promoting sustainable forestry practices [22][23]
Equatorial Guinea Economic Update, 2nd Edition
世界银行· 2024-10-29 23:03
Public Disclosure Authorized 2nd Edition June 2024 Public Disclosure Authorized EQUATORIAL GUINEA ECONOMIC UPDATE 2024 Public Disclosure Authorized Designing Fiscal Instruments for Sustainable Forestry Public Disclosure Authorized © 2024 International Bank for Reconstruction and Development / 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 with external contributions. The find ...
Blue Biodiversity
世界银行· 2024-10-29 23:03
Investment Rating - The report emphasizes the importance of investing in Blue Biodiversity as a means to support sustainable development and economic growth, aligning with the World Bank's mission to end extreme poverty and boost prosperity on a livable planet [44][46][47]. Core Insights - Blue Biodiversity is crucial for human well-being, providing food, jobs, and ecosystem services that mitigate climate change impacts [22][35][39]. - The estimated natural capital value of the ocean is approximately US$24 trillion, contributing 5% to global GDP, highlighting the economic significance of marine biodiversity [25][48]. - The report advocates for a whole-of-economy approach to safeguard Blue Biodiversity, utilizing tools like Marine Protected Areas (MPAs) and Marine Spatial Planning (MSP) to manage marine resources effectively [26][30][31]. Summary by Sections The Invaluable Global Ocean - The ocean is vital for sustenance and employment, with marine fisheries providing over 50 million direct jobs and supporting food security for billions [23][24]. - Nature-based tourism generates significant revenue, with coral reefs alone contributing approximately US$11.5 billion annually [24]. Blue Biodiversity Loss—Drivers and Solutions - Blue Biodiversity faces threats from habitat loss, unsustainable practices, pollution, and climate change, necessitating urgent action to halt biodiversity loss [28]. - Effective solutions include area-based management strategies like MPAs and OECMs, which can help restore marine ecosystems [28][30]. Goals of the Report - The report aims to enhance understanding of Blue Biodiversity and promote equitable participation in marine management, particularly for Indigenous Peoples and local communities [30]. - It emphasizes the need for spatial management to facilitate the design and management of protected areas, reducing conflicts among maritime sectors [30][31]. The Economics of Blue Biodiversity - The ocean's marketable goods and services are valued at approximately US$24 trillion, underpinning a gross marine product of US$2.5 trillion annually [48]. - Blue Biodiversity supports various ecosystem services, including food production, carbon sequestration, and recreational opportunities, which are essential for economic stability [48][52]. Safeguarding Blue Nature and the Ocean Asset Base - Protecting Blue Biodiversity is complex due to the open-access nature of many marine resources, requiring integrated management approaches [54][55]. - Assessments and identification of priority spaces for biodiversity conservation are critical for effective marine management [57][58].