Launch of the World Bank's 2024 World Development Report on the “Middle Income Trap"
Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap.” Lower-middle-income countries must go beyond investment-driven strategies—they must also adopt modern technologies and successful business practices from abroad and infuse them across their economies. Upper-middle-income countries need to accelerate the shift to innovation, by pushing the global frontiers of technology. This requires reconfiguring economic structures governing enterprises, labor, and energy use—in ways that enable greater economic freedom, social mobility, and political contestability.
Opening Remarks
Maria Dimitriadou, Special Representative to the UN and the WTO, World Bank Group
Keynote Speaker
Somik V. Lall, Senior Adviser to the Chief Economist of the World Bank Group, Development Economics
Discussant
Roberta Piermartini, Chief of Trade Costs Analysis at World Trade Organization
Moderator
Amelia U. Santos-Paulino, Chief of the Investment Research Section, Division on Investment and Enterprise, UN Trade and Development
Closing Remarks
Ugo Panizza, Professor, International Economics, and Pictet Chair in Finance and Development, and Deputy Director, Centre for Finance and Development
Registration
Registrations are now closed but please join us online on Webex
Organisers
The event is jointly organised by the World Bank and the Centre for Finance and Development (CFD) in partnership with the UN Trade and Development and the World Trade Organisation, and is part of the CFD-World Bank High-Level Series on Financing for Development.
