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Global trade growth in goods and services remained largely positive in 2024

Purposes and Principles
Article 1
The Purposes and Principles of the United Nations

Overview of population and development in Asia and the Pacific

Regions and Cities at a Glance offers internationally comparable data to identify places where economic or social outcomes—or both— and the factors that impact on them, have been stronger and weaker, providing tools and guidance for policy development.

This edition of Global Economic Prospects features two analytical chapters of topical importance to
policymakers. The first outlines how public investment can boost economic growth and facilitate private investment. In developing economies, public investment accounts for just a quarter of total investment, on average, but it can be a powerful policy lever.

In 2007 the World Bank published An East Asian Renaissance: Ideas for Economic Growth—the report that coined the phrase “middle-income trap.” This was during a decade of booming growth and poverty reduction in developing countries. Yet it was clear by then that many economies—particularly in Latin America and the Middle East—had remained stuck for decades, despite their efforts to rise to high-income status. “Middle-income trap” is now a popular phrase: it results in tens of thousands of Google search references. And it is frequently
on the tongues of academics and politicians from developing countries—in Latin America and South Asia and just about every place in between.