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Economische situatie. --- ECONOMIC CONDITIONS. --- ECONOMIC INDICATORS. --- ECONOMIC FORECASTS. --- SOCIAL CONDITIONS. --- MEXICO. --- Mexico --- Economic conditions
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In 2018, the World Bank launched the Human Capital Index (HCI), which is designed to highlight how improvements in current health and education outcomes will shape the productivity of the next generation of workers. The HCI measures the amount of human capital that a child born today can expect to have by age 18, in view of the risks of poor education and poor health that prevail in the country where she or he was born. This update presents the ECA- HCI, which extends the HCI in two dimensions to make it more relevant for countries in Europe and Central Asia. First, the extension includes quality-adjusted years of tertiary education, in addition to basic education. Second, going beyond the child stunting and adult survival rates, the ECA-HCI proxies health status by including risk factors such as obesity, smoking, and heavy drinking, which are prevalent in the region. This exercise reveals that a child born today in the average country in the region would be only half as productive as he/she could have been with full tertiary education and full health.
Brain Drain --- Economic Forecasts --- Global Value Chains --- Labor Mobility --- Migration --- Shift To High-Skill Intensive Report
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With slowing global growth and increasing uncertainty clouding the global economic prospects,the Europe and Central Asia region faces a more challenging context than previously envisioned.Growth in the emerging markets and developing economies in the region slowed in 2018 and isprojected to decline to further in 2019, before picking up in 2020-21. What challenges does theregion face in the coming year? In the long run, how should policy makers design policies thatboost growth and help individuals and firms adjust to the interplay between globalization andtechnological change? Within the global context, this update summarizes the recent developmentsand outlook for the region. The focus of this issue is on financial inclusion in the region, as one ofthe important policy areas that can promote long-term growth, reduce poverty, and enhanceresilience to shocks.
Economic Forecasts --- Global Value Chains --- Shift To High-Skill Intensive Report --- Tradable Services --- Trade --- Transition
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With growth in Europe and Central Asia likely at its peak, this report addresses two questions. Howwell is the region prepared for an expected slowdown? How well has the economic upswing beenused to adjust to the digital revolution? The report specifically focuses on cryptocurrency andblockchain activities in the region.
Economic Forecasts --- Global Value Chains --- Shift To High-Skill Intensive Report --- Tradable Services --- Trade --- Transition
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Economische situatie. --- ECONOMIC CONDITIONS. --- ECONOMIC INDICATORS. --- ECONOMIC FORECASTS. --- SOCIAL CONDITIONS. --- MEXICO. --- Mexico --- Economic conditions
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The share of immigrants in Western and Eastern Europe has increased rapidly over the past four decades.Today, one of every three immigrants in the world goes to Europe. Furthermore, although globally onlyone-third of migration takes place within regions, intraregional migration is especially high within Europeand Central Asia, with 80 percent of the region's emigrants choosing to move to other countries in theregion. In high-income destination countries, migrants are often blamed for high unemployment anddeclining social services. There are also widespread concerns about brain drain in the migrant sendingcountries of Eastern Europe, the Western Balkans, and Central Asia. This update focuses on the design ofpolicies on labor mobility and presents the trends, determinants, and impacts of low- and high-skilled labor.
Brain Drain --- Economic Forecasts --- Global Value Chains --- Labor Mobility --- Migration --- Shift To High-Skill Intensive Report --- Tradable Services --- Trade --- Transition
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The COVID-19 pandemic has hit human capital directly in Europe and Central Asia, adversely affecting both education and health. School closures may lead to learning losses equivalent to a third to a full year of schooling, and they are likely to exacerbate inequalities, by disproportionately affecting students from disadvantaged backgrounds. The disease has already killed thousands of people, and some patients who survive will suffer long-term damage to their health. Recovery from the pandemic will thus require strong investment in education and health. This update examines human capital outcomes in the region and the ways in which the pandemic is likely to affect them. A focus on the quality of tertiary education and health risk factors of obesity, smoking, and heavy drinking highlights the challenges that are particularly important for the region. Post-COVID 19 policy initiatives to improve education and health will need to recognize the challenges posed by increased reliance on remote learning and the importance of being prepared for future pandemics, given the vulnerability of the region's aging societies and the large number of people with underlying health risks.
Brain Drain --- Economic Forecasts --- Global Value Chains --- Labor Mobility --- Migration --- Shift To High-Skill Intensive Report --- Tradable Services --- Trade --- Transition
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Economic history --- Economic forecasting --- Economic indicators --- Histoire économique --- Prévision économique --- Indicateurs économiques --- Since 1945 --- Economic forecasts --- Business cycles
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Governments play a critical role in the economies of Europe and Central Asia, where government expenditures are close to 40 percent of gross domestic product and the public sector accounts for nearly 27 percent of total employment, which is almost twice the global average. The public sector often attracts some of the best educated workers in the region. And support for a larger public sector is increasing due to aging populations and their growing health care and long-term care needs, rising inequality and greater support for redistribution, and increasing expenditures as governments address the challenges posed by the COVID-19 crisis. The significant role that government plays underscores the importance of the quality of governance in determining productivity and growth and effectively responding to the region's economic and social challenges. Digital technology and the data revolution offer the potential to increase efficiency, transparency, responsiveness, and citizen trust, directly impacting the quality of government. Across the world, the quality of government is increasingly informed by the extent to which governments harness digital tools and GovTech to optimize management, service delivery, and overall state capacity. Technology and data are also key for fostering collaboration between governments and civil society to improve public sector efficiency and service delivery. The COVID-19 pandemic has highlighted the costs associated with delaying digitalization and GovTech implementation and the opportunities that lie in public sector modernization.
Coronavirus Pandemic --- Data --- Digitalization --- Economic Forecasts --- Economic Impact --- Europe And Central Asia --- Governance --- Government Data --- Public Administration
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Economic history --- Economic forecasting --- Economic indicators --- Histoire économique --- Prévision économique --- Indicateurs économiques --- Economic forecasting. --- Economic history. --- Economic indicators. --- Since 1945 --- Economic forecasts --- Business cycles
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