COVID-19 created a dynamic shock to the international tourism industry, with the related health concerns and travel restrictions impacting travelers' perceptions of risk. Among the most affected economies were Small Island Developing States (SIDS), which are highly dependent on tourism receipts,...

This report focuses on growth in Pakistan, and on key aspects of its proximate determinants: productivity, capital, and talent accumulation. Productivity is crucial in accounting for differences in standards of living across countries and time. In addition, and particularly at the level of...

The Mekong Delta (MKD) is Vietnam's most productive agricultural region, and its agroeconomy is well integrated into international markets. Nevertheless, there are increasing threats to the MKD's agricultural achievements, and other serious questions are emerging about the sustainability of many...

From the Coronavirus (COVID) pandemic to the war in Ukraine, the world and Georgia are experiencing more uncertainty and accelerating disruption. As a small open economy looking to integrate with the global economy, Georgia must carefully navigate these trends by being prepared for the risks and...

This companion piece to the Fall 2022 ECA Economic Update provides an overview of the policy options available to countries to respond to the energy price shock and examines how this crisis could harness the clean energy transition to enhance collective energy security. The options to support...

Bangladesh's development progress over the past decades has been remarkable. Bangladesh has been among the fastest growing economies in the world. Economic development has translated into higher living standards and improved social and health outcomes. The next years will determine Bangladesh's...

Investing in One Health - cross-sectoral, multidisciplinary coordination and collaboration across the human health, animal health, and environmental health sectors - is crucial for maintaining healthy agricultural and food systems and addressing global health security risks. Such action can...

There is no doubt that more sustainable, resistant, and beneficial growth would benefit Chile and its inhabitants. However, this is a difficult and complex issue, with several interconnecting pieces and many different opinions about the best way to achieve this. At the same time, the experience...

Thailand's economic growth slowed to 2.4 percent in Q3 2019, driven by cyclical factors, notably weak external demand and heightened global uncertainty. The downturn has also exposed structural constraints, which is reflected in the sluggish growth of public and private investments....

East Asia and the Pacific does not so far conform to the current narrative of stagflation. The region, with some exceptions, is growing faster and has lower inflation than other regions. And prospects for several countries have improved, as they bounced back from the distress of the Delta wave...