The Fragility Forum 2022 is committed to peace and development in the midst of new and intensifying crisis

Over the last two years the world has been on edge, with serious implications for the mostshutterstock_648806605_blog_resized fragile economies.

Since the last Fragility Forum in 2020 and in a year dominated by the COVID-19 pandemic, peace and development around the world have faced massive setbacks from Asia to Africa to Latin America.  Fragility and conflict risks are also on the rise in middle-income countries. Our most recent economic forecast indicates that, by 2023, the output of fragile and conflict-affected countries will be 7.5 percent below pre-pandemic levels. This is well below prospects in emerging and developing countries at large. For the most vulnerable, this means food insecurity, extreme poverty, loss of human capital and fewer economic opportunities in addition to the threat of violence and forced displacement.

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World Development Report 2021: Data for Better Lives

Data are everywhere. But what is the data revolution doing for the 700 million people who live indexin extreme poverty? When data are turned into valuable information, they have the potential to improve lives, transform economies, and help end poverty. Now more than ever, the world is facing new demands for data as our principal weapon in the war against COVID-19. The latest edition of the World Development Report from the World Bank provides a blueprint on how to harness the power of data for development, to ensure no one is left behind.


World Development Report 2020

World Bank partners with LinkedIn to research the relationship between international connectivity and economic activity

This year’s World Bank World Development Report uncovers new insights on the wdr-2020-landing-image-with-map.jpgrelationship between international connectivity and economic activity.

Thanks to technological improvements, the costs to transport goods, people, knowledge and capital between countries have declined. This environment has changed the underlying structure of global economic production: we’re seeing an increasing number of multinational corporations; higher degrees of specialization of various stages of production; and rising levels of trade of intermediate goods (the parts and materials imported to make products for consumption domestically and abroad) between developing countries.

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WDR 2020: Sneak preview

The next World Development Report (WDR) on Global Value Chains: Trading for untitledDevelopment is well under way. Check out our website for a sneak preview.

Since the Bank’s last report more than thirty years ago on Industrialization and Foreign Trade, the world has been transformed, mostly in positive terms from a development perspective. Several low and middle income countries can now participate globally thanks to global value chains (GVCs).

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Digital technologies allow people to take on risks and explore new opportunities

In the era of digital technology, the structure of production as well as the interaction orange_fengjie_linebetween humans and machines is being redefined. The diffusion and application of digital technology can increase productivity in an unprecedented manner, with potential to reshape the role of humans in the function of production. Jobs are the drivers of development and pillars of resilience for people. Five years ago, the World Development Report (WDR 2014),  Risk and Opportunity – Managing Risk for Development, highlighted the role of enterprises in supporting people’s risk management by absorbing shocks and exploiting the opportunity side of risk. There have been heated debates on how technology may lead to risks, such as job loss and structural changes of employment. While the risks are real, the estimates of the impact of digital technology on employment vary widely, from substantial job loss for both skilled and the unskilled workers, to potential job gains thanks to the complementarity of humans and machines, as well as the income and wealth effect derived from higher productivity.

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What will be the future of work?

Do you wonder if the good fortune and opportunities that you’ve enjoyed in your wdr_2019_coverprofessional life will be available to your children, and to their children? At a time of strong global economic growth, it may seem paradoxical that we face an existential crisis around the future of work. But the pace of innovation is accelerating, and the jobs of the future – in a few months or a few years – will require specific, complex skills. Human capital will become an ever more valuable resource.

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In Senegal, a call to invest in people and the planet

SenegalFor three days this month, the West African nation of Senegal was in the spotlight of global efforts to combat climate change and improve education in a rapidly changing world.

French President Emmanuel Macron and Senegal’s President Macky Sall co-hosted a conference in Dakar to replenish the Global Partnership for Education (GPE) – a funding platform to help low-income countries increase the number of children who are both in school and learning.

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