The study aims to determine the opportunity for Cabo Verde in yacht tourism and provide investment and policy recommendations for Cabo Verde to achieve its potential in this sector. Cabo Verde is a relative newcomer in the yacht tourism industry. With only one marina in the country, the industry...

Economic growth remains below pre-COVID-19 levels, mainly owing to protracted macroeconomic instability. Economic growth is estimated at 3.7 percent for 2023, with positive contributions from the services sector (for example, tourism, transport, and logistics) and mining. Electricity generation,...

Over the two decades preceding the Coronavirus disease 2019 (COVID-19) pandemic, tourism became one of the most important drivers of economic growth across the Pacific. The COVID-19 crisis had a devastating impact on tourism activity in the Pacific, with severe and potentially durable economic...

The World Bank, in coordination with the Government of Cabo Verde, has partnered with the Adventure Travel Trade Association (ATTA) to develop a research study about the current status of the adventure tourism sector in Cabo Verde, particularly the hiking segment. The purpose of this research is...

Tourism has been, and continues to be, one of the most affected sectors by the pandemic, resulting in negative socio-economic consequences for host communities in destinations as well as for underlying endowments that rely on tourists' expenditure for maintenance and management. The aim of this...

The world has witnessed unparalleled economic progress in the last three decades. But success is not preordained, and several headwinds threaten this hard fought progress. Inequality is leaving many people and subgroups behind and excluding them from enjoying the benefits of this great economic...

This paper contributes to the existing literature in several ways. First of all, to the best of our knowledge this is the first paper to exclusively model and analyze the impact of aging on long-term growth in Thailand. Although there several studies that have analyzed the relationship between...

Although El Salvador's modest pace of growth has reduced poverty and inequality in recent years, it has not been sufficient to move the country toward the income levels of wealthier economies. The objective of this study is to investigate the drivers and constraints of growth and productivity in...

Costa Rica has seen remarkable social and economic progress over the last three decades, with income per capita doubling, and well-being indicators reaching levels comparable with countries of the Organization of Economic Cooperation and Development (OECD). Nevertheless, the country still faces...