Economic development policy encompasses a range of strategies and instruments designed to foster sustainable growth, reduce inequality, and build resilience in the face of global uncertainties. Modern ...

Renewable energy deployment is expanding at unprecedented speed as countries pursue decarbonization, energy security, and green industrial transformation.

In 1985 a new college graduate named Michael Kremer traveled to Kenya hoping to learn more about a topic he had studied at Harvard: economic development in low-income countries. He didn’t anticipate ...

The concept of the middle‐income trap (MIT) continues to pose significant challenges for countries undergoing rapid industrialisation and economic reform. This phenomenon refers to the stage where ...

Located within the Development Economics Vice Presidency, the Development Research Group is the World Bank's principal research department. With its cross-cutting expertise on a broad range of topics ...