Business Environment Reforms in Fragile and Conflict-Affected Situations : What Works and Why?
Economies that are suffering from fragility, conflict and violence (three distinct yet interconnected elements of FCS) confront intractable poverty, and faltering growth – missing out on development objectives by significant margins. As the poverty...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099540008182216788/P175536045566e0130b85006c86f51b1a63 http://hdl.handle.net/10986/37917 |
| Summary: | Economies that are suffering from
fragility, conflict and violence (three distinct yet
interconnected elements of FCS) confront intractable
poverty, and faltering growth – missing out on development
objectives by significant margins. As the poverty rate in
FCS has increased, the number of poor people in those
economies has increased from 180 million to nearly 300
million – almost at par with the number of poor in non-FCS
economies (which constitute 90 percent of global
population). It is estimated that by 2030, two-thirds of the
global poor will be concentrated in fragile states. This
means that ending extreme poverty requires accelerating
gains where poverty has been most intractable: in FCS. By
definition, the economies concerned are often characterized
by weak institutions and political instability, and lower
level of private sector development to promote business-led
growth. FCS economies require significant reforms to policy
and delivery mechanisms along multiple dimensions to achieve
growth and poverty reduction. |
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