Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses...

The global economy got off to a bumpy start this year, but growth in 2015 and 2016 looks to be broadly on track. Projections for developing countries in 2014 have been down downgraded by 0.5 percentage points to 4.8 percent mainly reflecting weak first quarter growth in the US due to weather and...

The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish ??? especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the...

High-income economies appear to be finally turning the corner, contributing to a projected acceleration in global growth from 2.4 percent in 2013 to 3.2 percent this year, 3.4 percent in 2015, and 3.5 percent in 2016. Overall, growth in developing countries is projected to pick up modestly from...

Global growth is expected to be 2.8 percent in 2015, but is expected to pick up to 3.2 percent in 2016–17. Growth in developing countries and some high-income countries is set to disappoint again this year. The prospect of rising borrowing costs will compound the challenges many developing...

Published semiannually, Global Economic Prospects includes analysis of topical policy challenges faced by developing countries. Global activity is firming broadly as expected. Manufacturing and trade are picking up, confidence is improving, and international financing conditions remain benign....

Cover -- Table of contents -- Foreword -- Acknowledgments -- Executive Summary -- Abbreviations -- Chapter 1 Global Outlook: Disappointments, Risks, and Spillovers -- Summary and key messages -- Major economies -- Global trends and spillovers -- Developing countries -- Risks to the outlook --...

"Cover" -- "Title" -- "Copyright" -- "Table of Contents" -- "Acknowledgments" -- "Abbreviations" -- "Chapter 1 Global Outlook: A Fragile Recovery" -- "Summary" -- "Major economies: Recent developments and outlook" -- "Global trends" -- "Emerging market and developing economies: Recent...

The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate. However, the...

Cover -- Title Page -- Copyright Page -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Chapter 1 Global Outlook: Divergences and Risks -- Summary and key messages -- Major economies: Recent developments and outlook -- Global trends -- Emerging market and developing economies:...