Honduras is Central America’s
second-largest country with a population of more than 8
million and a land area of about 112,000 square kilometers.
The 20th century witnessed a profound economic
transformation and modernization in Honduras. Honduras’
persistent poverty is the result of long-term low per capita
growth and high inequality, perpetuated by the country’s
high vulnerability to shocks. First, over the past 40 years

Transformational engagements are a critical pillar of the World Bank Group’s strategy for achieving its twin goals of extreme poverty elimination and shared prosperity. This learning product uses evaluative evidence from the Independent Evaluation Group (IEG) to understand the mechanisms and conditions for transformational engagements and the implications for the World Bank Group if it seeks to rely on such engagements to more effectively pursue its goals.

The expansion of international trade has
been essential to development and poverty reduction. Todays
economy is unquestionable global. Trade as a proportion of
global GDP has approximately doubled since 1975. Markets for
goods and services have become increasingly integrated
through a fall in trade barriers, with technology helping
drive trade costs lower. But trade is not an end in itself.
People measure the value of trade by the extent to which it

The countries comprising the Southern
African Customs Union (SACU) are currently not very
integrated into global value chains (GVCs), potentially
missing out on important development opportunities.
Accordingly, we explore high level options for promoting
their integration. Given East Asia’s spectacular success
with integrating into GVCs, we first assess the probability
that SACU can copy their flying geese pattern. That was

Twenty years after the end of the war,
Bosnia and Herzegovina (BiH) has yet to achieve shared
prosperity for its citizens and approach European living
standards. The country has been at peace since the end of
1995, but its development model needs adjustment if it is to
join the ranks of prosperous European economies. BiH has a
disproportionately large public sector that dates back to
Yugoslav times and has only been partly reformed since, and

The WBG’s Colombia Systematic Country
Diagnostic (SCD) analyzed key constraints and opportunities
that will impact Colombia’s development in the context of
three defining country characteristics. They include uneven
territorial development, a long standing armed conflict and
a growth process led by extractive industries. The Colombia
Country Partnership Framework (CPF) proposes to address
these complex development challenges with a flexible,

Turkey’s demographic and economic
transformation has been one of the world’s most dramatic,
with urban growth and economic growth proceeding hand in
hand. Distinguishing Turkey from many other developing
countries has been the pace, scale, and geographical
diversity of its spatial and economic transformation.
Fast-growing secondary cities bring added challenges that
define Turkey’s second-generation urban agenda. New and

Market-based reforms and the opening up
of trade and investment initiated over the past four years
have had a positive impact on growth in Myanmar. These have
enhanced private sector participation and increased the role
of exports in the economy. Reforms have included streamlined
business entry procedures, reduced export and import
licensing requirements, and enhanced public-private
partnerships and dialogue. Promoting private sector

This paper is motivated by the emphasis
on secure property rights as a determinant of economic
development in recent literature. The authors use village
and household level information from about 800 villages
throughout China to explore whether legal reform increased
protection of land rights against unauthorized reallocation
or expropriation with below-average compensation by the
state. The analysis provides nation-wide evidence on a

After a destructive civil war and
extreme political instability, Uganda began its
reconstruction process in 1987. Within the enabling
environment of macroeconomic stability, most of the progress
on the twin goals was attributable to higher agricultural
incomes. Poverty reduction among households primarily
engaged in agriculture accounted for 53 percent of the
reduction in poverty from 2006 to 2010 and 77 percent of the

In most countries, the private sector
owns the vast majority of the buildings and a considerable
portion of the infrastructure at risk. However, most
investment in disaster risk management is made by the public
sector, with the private sector lagging far behind. The
situation represents missed opportunities for businesses to
capture not only higher levels of the direct benefits of
disaster risk management, but also a broader set of

Three of sub-Saharan Africa’s central
economic realities motivate this study. First, agriculture
is the most important sector in most African economies, on
average accounting for nearly one-fourth of GDP. Second, the
private sector is increasingly active in transforming
African agriculture and economies. By 2030, agriculture and
agribusiness are anticipated to become a US$ 1 trillion
industry in Africa, delivering more jobs, income, and