November 16, 2018—Policies to create jobs, promote entrepreneurship and growth are key priorities for many emerging economies. Designing and implementing reforms is particularly challenging as policy makers attempt to strike a balance across sectors, firm size and incentives that can sustain growth in a rapidly changing global economy. High-growth firms (HGFs)–accounting for approximately 3-20 percent of the manufacturing and service industries—are of particular interest as a growth model considering their contribution to more than 50 percent of new jobs and sales in in these sectors. Analysis of high-growth firms in Brazil, Côte d’Ivoire, Ethiopia, Hungary, India, Indonesia, Mexico, South Africa, Thailand, Tunisia, and Turkey is offering evidence that challenges some of the conventional views defining HGFs and the sectors where they can prosper. Continue reading
Data and evidence are the foundation of development policy and effective program implementation, and countries need data to formulate policy and evaluate progress.
At the global level, the World Bank has a strong reputation in development data and has been highly effective in data production. It produces influential, widely used data and cross-country indicators that fill important niches, benchmark countries, and stimulate research and policy action.