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  • Foreign Direct Investment in Mexico since the Approval of NAFTA

    Cross-country panel data are used to assess the effect of free-trade agreements on flows of Foreign Direct Investment (FDI). Free-trade agreements are found to have a significant positive effect on FDI flows, and free-trade agreements are found to matter more for the smaller members of the agreement. For example, the North American Free-Trade Agreement's (NAFTA) effect on FDI flows into Me...

    Country Partnership Framework for Sri Lanka for the Period FY17-FY20

    The new Country Partnership Framework (CPF or framework) presents the engagement of the World Bank Group (WBG) in Sri Lanka over the next four years (fiscal years 2017-20 (FY17–20)). The CPF aims to support the achievement of some of the government’s medium-term goals in areas that are critical for reducing extreme poverty and promoting shared prosperity, and that are consistent with the W...

    Greening Africa's Cities

    Africa is urbanizing late but fast. This brings many benefits but, as this report shows: thus far, urbanization in Africa, unique in a number of respects, is having deleterious and largely unchecked impacts on the natural environment; the degradation of natural assets and ecosystems within African cities carries tangible economic, fiscal and social costs; there are important opportunities to change the current environmental trajectory of African cities so that they move towards a more h...

    Development at the Border

    By applying regression discontinuity designs to a set of household surveys from the 1980–90s, we examine whether Côte d'Ivoire's aggregate wealth was translated at the borders of neighboring countries. At the border of Ghana and at the end of the 1980s, large discontinuities are detected for consumption, child stunting, and access to electricity and safe water. Border discontinuities in consumption can be explained by differences in cash crop policies (cocoa and coffee). When these policies c...

    Are Customs Unions Economically Sensible in the Commonwealth of Independent States

    The twelve members of the Commonwealth of Independent States established a Free Trade Area to help maintain trade among each other. More recently, Belarus, Kazakstan, the Kyrgyz Republic and Russia agreed, in principle, to establish a Customs Union (CU). The paper concludes that the dynamic effects of the CU (and Free Trade Area) are likely to be negative because it would tend to lock the ...
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