Tourism generates 10 percent of global GDP and supports 1 in 10 jobs worldwide. Because of this, it’s a key sector of interest for the World Bank Group.
A new World Bank report, Lessons Learned from a Decade of World Bank Experience, examines what works—and what doesn’t in the design of tourism projects. The findings point to six key ingredients that help tourism projects deliver real development impact on the ground.
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There are over 830 million people around the world living in extreme poverty today, but who are they, and what do we know about their daily lives? A deeper understanding of the characteristics of people and households living in extreme poverty can help us design more effective policies. To gain those insights, we need key data.
Continue readingApril 09, 2025
How do social forces, innovation, and technology shape the evolution of institutions over time? How do they contribute to either their persistence or transformation?
M.I.T. Professor Daron Acemoglu, the 2024 laureate of the Nobel Memorial Prize in Economic Sciences, will present his research on innovation and technology. His framework examines the social forces that drive institutional stability and change, revealing how these dynamics impact prosperity. He draws comparisons between disruptive periods such as the onset of European colonialism, the spread of industrial technologies in the 19th century, and today’s decisions on the use, adoption, and development of AI.
The event will take place on April 9 at the World Bank headquarters in Washington, D.C., and will be broadcast on World Bank Live.
Netherlands for the World Bank 