Abstract

Figures, notes, and tables are indicated by f, n, and t following the page number.

Index

Figures, notes, and tables are indicated by f, n, and t following the page number.

A

  • account ownership

    • gender gaps in, 9t, 15, 17t, 26t, 103

    • by household, 103 –104, 104 –105f, 109f

    • indicator description and source, 9t, 17t

    • legal disparities related to, 78

    • in MENA vs. rest of world, 12, 25t, 103, 104 –105f

  • Acemoglu, D., 30, 64

  • added worker effect, 32

  • advanced economies (AEs)

    • account ownership in, 12

    • governance quality in, 31

    • infant mortality rates in, 90

    • Internet access in, 12

    • labor markets in, 63, 80, 81f

    • remote work in, 66–67

    • social spending in, 90, 93f

  • age, remote work amenability by, 69, 69n8, 70f

  • Aghion, P., 30, 30n2

  • Aguirre, D., 31

  • AI. See artificial intelligence

  • Alesina, A., 30

  • Alper, F. O., 96

  • Anderson, Gareth, 119

  • Ansari, Mahdi, 41

  • Anzoategui, D., 114n10

  • Appendino, M., 111

  • Arab Spring, 31, 43

  • Arezki, R., 45

  • artificial intelligence (AI), 1, 63, 64

  • automation, 1, 3, 63–66, 67f, 72

  • Autor, D., 64

  • Ayyagari, M., 111

B

  • Balasubramanian, S., 7

  • Baldacci, E., 96

  • Balima, Hippolyte, 75

  • banks and banking. See also account ownership; borrowing

    • branch networks, 108, 109f

    • competition among, 113–114, 114n10

    • digital, 12, 49, 99

    • sector characteristics, 113–114, 113f

    • state-owned, 44, 111

    • women in leadership at, 32

  • Barajas, Adolfo, 103, 111, 115

  • Barro, R. J., 30

  • basic legal rights index, 78–81, 79f, 79–80t, 85t

  • Belhaj, F., 45

  • benefit sharing

    • economic growth and, 29–30

    • IMF definition of, 1, 8f

    • inclusiveness index data on, 8–9, 25t

    • indicators of, 8, 9t

    • policy framework for, 7

    • standards of living and, 7

  • Berg, A. G., 30

  • Bibolov, Aidyn, 7

  • Blancher, N., 111, 113

  • borrowing. See also credit

    • collateral needed for, 114, 114f

    • financial depth and, 107, 108f

    • financial frictions and, 33

    • household rates of, 103 –104, 104 –105f, 107, 108f

    • indicator description and source, 9t, 17t

    • in MENA vs. rest of world, 12–13, 25t, 103, 104 –105f

    • by SMEs, 49, 105, 107f

  • Buera, F. J., 30, 32, 37

  • business dynamism, 45, 48, 59t

C

  • carbon taxes, 4, 126, 126f

  • Cardarelli, Roberto, 1

  • Cerra, V., 7

  • Cihak, M., 32

  • Cingano, F., 30

  • Climate Bonds Initiative, 127–128

  • climate change, 119–128

    • adaptation to, 3, 4, 119, 122–128

    • financing needs, 125–128, 125–127f

    • inclusive growth and, 3, 4, 119, 122–124

    • macroeconomic impact of, 121–123, 122–123f

    • policy implications of, 123–125, 128

    • trends related to, 1, 119–121, 120–121f

  • climate hazards, 119–120, 119n2, 120f, 122

  • competitive equilibrium, 38

  • corruption

    • control of, 9t, 16, 18t, 26t, 97, 100

    • distortions due to, 29, 32

    • IMF index of, 31

    • scope of, 49–50, 50f, 89

  • COVID-19 pandemic

    • economic impact of, 29, 31, 41

    • educational access during, 90, 92f

    • fintech utilization during, 114–116

    • health services access during, 90, 99

    • inequality exacerbation by, 1, 3, 7, 89, 90

    • labor markets impacted by, 63, 66, 72, 90

    • social spending during, 89, 95–96, 95f, 99–100

    • women and, 90, 92f

  • credit. See also borrowing

    • access to, 1–3, 31–32, 44, 49, 78, 113 –114, 116

    • partial credit guarantees, 115

    • private, 9t, 14, 19t, 26t, 43f

    • public, 9t, 14, 19t, 26t, 42–44, 43f

  • Cuberes, D., 31

D

  • Dabla-Norris, E., 30, 33n3

  • Demiral, M., 96

  • Demirguc-Kunt, A., 111

  • developing economies. See emerging market and developing economies

  • digital payments, 12, 49, 96, 99, 111, 112f, 114

  • Dingel, J. I., 68, 68n5, 70

  • discrimination, gender- based, 78, 82, 85–86t

  • displacement effect of automation, 64

  • distortions

    • expenditures and, 31

    • in financial services provision, 115

    • governance, 32–34, 34t, 35n8, 37

    • incentives and, 29, 30

    • in labor markets, 2, 44

    • policy-induced, 3, 42, 75

    • product market, 2, 32–34, 34t, 35n8, 37

    • state interventions and, 44–45

  • diversification, 1, 46b, 106, 116

  • Duenwald, C, 96, 97

E

  • economic growth and development. See also gross domestic product

    • climate change and, 122

    • equal shares of gains from, 1, 4, 16

    • financial inclusion and, 49, 111, 111f, 116

    • inclusiveness as factor in, 2, 29–35

    • labor market gender gaps and, 75

    • productivity decline as drag on, 41

    • state involvement for initiation of, 46b

  • economic stability, 29–32, 96, 113, 116, 119, 12 3

  • educational access. See also expected years of schooling; secondary school enrollment

    • in COVID-19 pandemic, 90, 92f

    • economic growth and, 30, 30n2

    • gender gaps in, 89, 90

    • indicator description and source, 9t, 17t

    • literacy rates and, 90, 91f

    • in MENA vs. rest of world, 8, 10, 10f, 12f, 24–25t

    • pre-primary school enrollment, 78, 86t

    • remote work amenability and, 69, 70f

    • social spending and, 93–95f, 95–97, 99

    • student-to-teacher ratios and, 9t, 10, 17t, 25t

    • to vocational training, 9t, 10, 17t, 25t, 30, 72 , 10 0

  • effective hours worked, 75, 75n1, 82–83f, 83–84

  • efficiency of social spending, 89, 93–97, 94–95f, 98f, 100

  • electricity access, 78, 86t, 126

  • emerging market and developing economies (EMDEs)

    • account ownership in, 12

    • automation effects in, 64

    • educational access in, 10, 90

    • financial inclusion in, 12, 111

    • governance quality in, 31

    • human capital accumulation by, 30

    • income inequality in, 9

    • Internet access in, 12

    • labor markets in, 14, 30, 42, 80, 81f

    • private sector in, 14, 30, 42, 45

    • remote work in, 67

    • social spending in, 90, 92, 93f

    • sustainability of growth in, 7

  • employment. See labor markets; unemployment

  • employment-to-population ratio, 9t, 14, 18t, 26t

  • Employment Vulnerability index, 65–66, 66–67f

  • empowerment

    • economic growth and, 31

    • gender gaps in, 75, 76f

    • IMF definition of, 2, 8f

    • inclusiveness index data on, 16, 26t

    • indicators of, 8, 9t

    • policy framework for, 7

  • entrepreneurship

    • female, 2, 77, 78

    • in general equilibrium model, 32–35, 37

    • in private sector, 45, 46b, 49

    • promotion of, 1

  • expected years of schooling

    • economic growth and, 30

    • indicator description and source, 9t, 17t

    • in MENA vs. rest of world, 10, 25t, 90, 91f

    • social spending and, 95f, 96

    • for women, 78, 86t

F

  • females. See women

  • fertility rates, 78, 86t, 96

  • Feyen, E., 108

  • Filmer, D., 96

  • Financial Access Survey, 105, 105n4, 108n5

  • financial depth, 106 –109, 108f

  • financial frictions, 30, 32–35, 33n3, 37

  • financial inclusion, 103–116. See also account ownership; borrowing; small and medium enterprise financial inclusion

    • defined, 103

    • economic growth and, 49, 111, 111f, 116

    • financial depth and, 106–109, 108f

    • fintech’s role in, 3, 114–116

    • government interventions for, 115

    • of households, 103 –104, 104 –105f, 107, 108 –109f, 111–113, 112f

    • indicator description and source, 9t, 17t

    • Internet access and, 9t, 12–13, 17t, 25t

    • labor markets and, 111, 112f, 116

    • macroeconomic benefits of, 109–111, 110t, 111–112f

    • in MENA vs. rest of world, 8, 10f, 12–13, 13f, 24–25t

    • policies for expansion of, 111–114, 112 –114f, 116

    • social spending efficiency and, 89

    • structural benchmarks of, 108, 109f, 111, 116

  • financial literacy, 111, 113

  • financial-related legal rights index, 78–81, 79f, 79–80t, 85t

  • financial stability, 32, 44, 115, 119, 123

  • fintech, 3, 114–116, 114n11

  • Forbes, K. J., 30

  • Fouejieu, A., 113, 114

  • Frey, C. B., 65–66

  • frictions. See financial frictions

  • fuel subsidies, 125–126, 125f, 126nn6

G

  • Garrote Sanchez, D., 69n8

  • GCC countries. See Gulf Cooperation Council countries

  • GDP. See gross domestic product

  • gender discrimination, 78, 82, 85–86t

  • gender gaps

    • in account ownership, 9t, 15, 17t, 26t, 103

    • in automation vulnerability, 66, 67f

    • in educational access, 89, 90

    • empirical analysis of, 79–81, 79–80t, 81f

    • in labor markets, 9t, 15, 17t, 26t, 31, 75, 77–84

    • in MENA vs. rest of world, 75, 76f

    • model analysis of, 81–84, 82–83f

    • in secondary school enrollment, 9t, 15, 17t, 26t

    • structural and policy determinants of, 77–78, 79f, 85–86t

  • gender inclusion. See also gender gaps

    • indicator description and source, 9t, 17t

    • in MENA vs. rest of world, 8, 10f, 14–15, 15f, 24t, 26t

    • in national parliaments, 9t, 15, 17t, 26t

    • WBL Index and, 9t, 15, 17t, 26t, 77–78, 77n2

  • general equilibrium models

    • gender- related policies in, 2, 81–84, 82–83f

    • of inclusive growth, 2, 32–38, 33nn4, 34–35t

  • Ghassibe, M., 111

  • Gini coefficient, 9, 23, 30

  • Gini index, 3, 9t, 18t, 25t, 75, 83

  • Global Findex Survey, 103, 103n3, 104, 111, 114

  • global warming. See climate change

  • Gomes, Diego, 75

  • governance distortions, 32–34, 34t, 35n8, 37

  • governance quality

    • corruption control and, 9t, 16, 18t, 26t, 97, 100

    • economic growth and, 31

    • government effectiveness and, 9t, 16, 18t, 26t, 97

    • indicator description and source, 9t, 18t

    • in MENA vs. rest of world, 8, 10f, 16, 16f, 24t, 26t

    • regulatory quality and, 9t, 16, 18t, 26t

    • rule of law and, 9t, 16, 18t, 26t, 97, 98f

    • social spending and, 96, 97f

    • World Press Freedom Index and, 9t, 16, 18t, 26t

  • green bonds, 127–128

  • gross domestic product (GDP)

    • climate change and, 121, 122–123f

    • external finance-to-GDP ratio, 33, 33n6

    • female labor force participation and, 31, 82f, 84

    • in MENA vs. peer group countries, 9, 11f

    • public sector wage bill as percent of, 43

    • remote work amenability and, 68, 69f, 71f

    • social spending as percent of, 90, 93f

    • SOE losses as percent of, 44

    • in structural variables index, 78, 86t

  • Gulf Cooperation Council (GCC) countries

    • climate change adaptation in, 122, 128

    • educational access in, 10, 12f

    • financial inclusion in, 12–13, 13f, 106

    • gender inclusion in, 15, 15f

    • health services access in, 11–12, 13f

    • inclusive growth scores for, 8

    • income inequality in, 9, 11f

    • infant mortality rates in, 90

    • labor market inclusion in, 14, 14f

    • public- private wage gap in, 44

    • social spending in, 93, 94f

    • third generation SOEs in, 46b

  • Guner, N., 33

  • Gupta, S., 96

  • Guscina, Anastasia, 89, 96, 97

H

  • Haile, F., 96

  • Hatayama, M., 68–70

  • hazards. See climate hazards

  • HDI. See Human Development Index

  • health services access

    • in COVID-19 pandemic, 90, 99

    • to hospital beds, 9t, 11, 18t, 25t, 96

    • indicator description and source, 9t, 18t

    • infant mortality rates and, 9t, 11, 18t, 25t, 90, 91f, 96

    • life expectancy and, 9t, 11, 12, 18t, 25t

    • in MENA vs. rest of world, 8, 10f, 11–12, 13f, 24–25t

    • social spending and, 92–97, 93–95f, 99–100

    • to universal health care, 9t, 11, 18t, 25t, 97

  • Herfindahl-Hirschman Index (HHI), 48

  • hospital beds, 9t, 11, 18t, 25t, 96

  • households

    • financial inclusion of, 103 –104, 104 –105f, 107, 108 –109f, 111–113, 112f

    • optimization problem of, 37, 38

    • saving rates for, 29–30, 32

    • tax burden for, 78, 82–83

  • Hsieh, C., 31

  • human capital

    • accumulation of, 30, 31

    • climate change and, 122

    • depreciation during unemployment, 31

    • female index of, 71, 72b

    • labor market experience and, 82

    • public investment in, 97

    • remote work and, 71–72, 72b

  • Human Capital Project (World Bank), 97

  • Human Development Index (HDI), 3, 90, 96, 97–98f

I

  • Ianchovichina, E., 7

  • IMF. See International Monetary Fund

  • imputed interest rates, 47, 47n5

  • inclusive growth

    • benefit sharing and. See benefit sharing

    • climate change and, 3, 4, 119, 122–124

    • definitions of, 7–8, 8f

    • economic impact of, 2, 29–35

    • empowerment and. See empowerment

    • general equilibrium model of, 2, 32–38, 33nn4, 34–35t

    • indicators of, 8, 9t, 17–19t

    • as moral and ethical imperative, 29

    • opportunity and. See opportunity

    • participation and. See participation in economic life

    • policy priorities for, 3–4

    • private-sector-led, 41–42, 48–50

    • social spending and, 89, 96–99, 97–99f

    • stability and, 2, 31–32, 35

  • inclusiveness indexes, 7–26

    • applications of, 2, 7, 16

    • on benefit sharing, 8–9, 25t

    • country groupings for, 8, 8n4, 21–22t

    • on empowerment, 16, 26t

    • indicators for, 8, 9t, 17–19t

    • methodology for, 8, 8n3, 23, 23n6

    • on opportunity, 9–13, 25t

    • overall index scores, 8, 10f, 24t

    • on participation in economic life, 13–15, 26t

    • subindex scores, 8, 10f, 24–26t

  • income inequality

    • economic growth and, 29–30

    • female labor force participation and, 3, 82f, 83

    • indicator description and source, 9t, 18t

    • in MENA vs. rest of world, 8–9, 10f, 12f, 24–25t

    • public-private wage gap, 44

    • shock resilience and, 31–32

    • technological progress and, 63

  • inequality. See also gender gaps; income inequality

    • climate change effects and, 123

    • COVID-19 pandemic in exacerbation of, 1, 3, 7, 89, 90

    • of opportunity and outcomes, 9

  • infant mortality rates, 9t, 11, 18t, 25t, 90, 91f, 96

  • informal sector workers, 31, 89, 90, 96, 99

  • infrastructure

    • climate change adaptation and, 124, 128

    • electricity access, 78, 86t

    • for Internet access, 13, 49

    • for remote work, 66, 67, 72

    • transportation-related, 49, 67

    • water and sanitation services, 78, 86t, 90

  • infrastructure index, 78–80, 79–80t, 86t

  • interest rates, 33n3, 47, 47n5, 57t, 114–116

  • International Monetary Fund (IMF)

    • on climate change adaptation, 125

    • corruption index from, 31

    • on dimensions of inclusive growth, 1–2, 8f

    • Financial Access Survey, 105, 105n4, 108n5

    • regional conferences organized by, 1

    • on SME financial inclusion, 49

    • social spending as defined by, 90n3

    • on SOE financial performance, 44

  • Internet access

    • indicator description and source, 9t, 17t

    • infrastructure for, 13, 49

    • in MENA vs. rest of world, 12–13, 25t

    • public investment in, 72

    • for remote work, 63, 66, 71–72, 72b

  • Ivanyna, M., 31

J

  • jobs. See labor markets

K

  • Kaboski, J. P., 30

  • Kass-Hanna, J., 113

  • Kazandjian, R., 32

  • Kibuuka, K., 108

  • Kumhof, M., 32

L

  • labor market inclusion

    • economic growth and, 30–31

    • employment-to-population ratio and, 9t, 14, 18t, 26t

    • indicator description and source, 9t, 18–19t

    • informal sector workers and, 31, 89, 90, 96, 99

    • in MENA vs. rest of world, 8, 10f, 14, 14f, 24t, 26t

    • self-employed workers and, 9t, 14, 19t, 26t

    • youth unemployment and, 9t, 14, 18t, 26t, 121

  • labor markets, 63–84. See also labor market inclusion; unemployment

    • artificial intelligence and, 1, 63, 64

    • automation and, 1, 3, 63–66, 67f, 72

    • climate change and, 121, 122f

    • in COVID-19 pandemic, 63, 66, 72, 90

    • distortions within, 2, 44

    • effective hours worked in, 75, 75n1, 82–83f, 83–84

    • female participation in, 2–3, 31–32, 67, 72b, 75, 77f, 83

    • financial inclusion and, 111, 112f, 116

    • gender gaps in, 9t, 15, 17t, 26t, 31, 75, 77–84

    • global trends involving, 63

    • legislation index, 78–81, 79f, 79–80t, 86t

    • nonroutine tasks in, 65, 65f

    • policy agenda for, 9t, 14, 19t, 26t, 72

    • private sector, 30, 42, 44–45, 65, 72

    • public sector, 42–44, 65

    • remote work and, 3, 63, 66–72, 68–71f, 69n8, 72b

    • segmentation within, 2, 31, 63

    • by skill level, 64–65, 64–65f, 64n2

    • upskilling/reskilling of, 63, 72

  • Lall, Subir, 1

  • LICs. See low-income countries

  • life expectancy

    • indicator description and source, 9t, 18t

    • in MENA vs. rest of world, 11, 12, 25t, 91f

    • social spending and, 94, 94f, 96, 97, 98f

  • literacy, 90, 91f, 111, 113

  • living standards, 4, 7, 29

  • loans. See borrowing

  • low-income countries (LICs)

    • climate change adaptation in, 122, 128

    • educational access in, 10

    • financial inclusion in, 12

    • governance quality in, 31

    • income inequality in, 9

    • infant mortality rates in, 90

    • labor markets in, 14, 81f

    • private sector inclusion in, 14

    • social spending in, 90, 92, 93f

  • Lundstrom Gable, S., 7

  • Lyons, A. C., 113

M

  • Ma, Jiayi, 7

  • Maggi, Chiara, 29

  • Mahmoudi, S. E., 111

  • Maksimovic, V., 111

  • market dominance, 9t, 14, 19t, 26, 32

  • Martin, Mercedes Vera, 1

  • Martínez Pería, M. S., 114n10

  • Mathai, K., 96, 97

  • Melecky, M., 115

  • Middle East and North Africa (MENA)

    • Arab Spring in, 31, 43

    • climate change in. See climate change

    • education in. See educational access

    • financial inclusion in. See financial inclusion

    • GCC in. See Gulf Cooperation Council countries

    • gender issues in. See gender inclusion

    • governance in. See governance quality

    • health services in. See health services access

    • inclusive growth in. See inclusive growth

    • income inequality in, 8–9, 10f, 12f, 24–25t

    • labor markets in. See labor markets

    • population projections for, 63

    • private sector in. See private sector

    • public sector footprint in, 42–44, 43f

    • social spending in. See social spending

    • SOEs in. See state-owned enterprises

    • total factor productivity growth in, 41–42, 42f

  • Midrigan, V., 30

  • Mohieldin, M., 45

  • mortality rates. See infant mortality rates

N

  • National Adaptation Plans (NAPs), 124, 124n4

  • Ndoye, Anta, 103, 113, 114

  • Nedelkoska, L., 64

  • Neiman, B., 68, 68n5, 70

  • Nino-Zarazua, M., 96

  • North Africa. See Middle East and North Africa

O

  • OECD. See Organisation for Economic Co-operation and Development

  • O*NET database, 65, 65n3, 68

  • opportunity

    • economic growth and, 30

    • gender gaps in, 75, 76f

    • IMF definition of, 1, 8f

    • inclusiveness index data on, 9–13, 25t

    • indicators of, 8, 9t

    • policy framework for, 7

  • optimization problem of households, 37, 38

  • Orbis database, 45–46, 53, 53t

  • Organisation for Economic Co- operation and

  • Development (OECD), 7, 7n2, 44

  • Ortigueira, S., 32

  • Osborne, M. A., 65–66

  • Ostry, J. D., 30, 31

P

  • pandemic. See COVID-19 pandemic

  • participation in economic life

    • barriers for women, 4

    • economic growth and, 30–31

    • gender gaps in, 75, 76f

    • IMF definition of, 2, 8f

    • inclusiveness index data on, 13–15, 26t

    • indicators of, 8, 9t

    • mobility limitations and, 78

    • policy framework for, 7

  • patents, 30n2, 45, 46–47f, 46b

  • Perotti, R., 30

  • Petrescu, Monica, 41

  • Podpiera, A. M., 115

  • political stability, 113, 123

  • poverty

    • COVID-19 pandemic in exacerbation of, 3, 7, 89, 90

    • in MENA vs. rest of world, 8–9, 11f, 91f

    • social spending and reduction in, 96

  • Prado, M., 31

  • press freedom, 9t, 16, 18t, 26t

  • Price, B., 64

  • price stability, 113

  • Pritchett, L., 96

  • private credit, 9t, 14, 19t, 26t, 43f

  • private sector. See also private sector inclusion

    • barriers to expansion of, 3, 46b, 49

    • in climate change adaptation, 3, 124

    • corruption involving, 49, 50f

    • entrepreneurship in, 45, 46b, 49

    • growth model led by, 41–42, 48–50

    • labor markets in, 30, 42, 44–45, 65, 72

    • sales over time in, 47, 48f

    • SOE impact on, 2, 48, 59t

    • underdevelopment of, 1, 65

  • private sector inclusion

    • economic growth and, 30

    • indicator description and source, 9t, 19t

    • market dominance and, 9t, 14, 19t, 26, 32

    • in MENA vs. rest of world, 8, 10f, 14, 15f, 24t, 26t

    • ratio of private-to-public credit and, 9t, 14, 19t, 26t, 43f

    • product market distortions, 2, 32–34, 34t, 35n8, 37

  • public credit, 9t, 14, 19t, 26t, 42–44, 43f

  • public policy index, 78–81, 79f, 79–80t, 86t

  • public sector. See also social spending; state-owned enterprises

    • accountability within, 16

    • distortions associated with interventions by, 44–45

    • labor markets in, 42–44, 65

    • size across world regions, 42, 43f, 51t

    • wage bills in, 43, 93, 93n4, 94f

Q

  • queuing phenomenon, 44

  • Quintini, G., 64

R

  • Rajkumar, A., 96

  • Ranciere, R., 32

  • recessions, 1, 32, 90

  • refugees, 89, 90, 97

  • regulatory quality, 9t, 16, 18t, 26t

  • Rehman, Sidra, 63

  • reinstatement effect of automation, 64

  • remote work, 3, 63, 66–72, 68–71f, 69n8, 72b

  • Restrepo, P., 64

  • returns on capital, 48, 48n6

  • Rocha, R., 114n10

  • Rodrik, D., 30

  • rule of law, 9t, 16, 18t, 26t, 97, 98f

S

  • Sachs, J. D., 64

  • Sahay, R., 32, 109

  • Salerno, A., 31

  • sanitation services, 78, 86t, 90

  • savings, 29–30, 32, 34, 37, 105, 106

  • schooling. See educational access

  • secondary school enrollment

    • gender gaps in, 9t, 15, 17t, 26t

    • indicator description and source, 9t, 17t

    • in MENA vs. rest of world, 10, 25t, 90, 91f

    • social spending and, 94–95f, 96

  • self-employed workers, 9t, 14, 19t, 26t

  • Shin, Y., 30, 32, 37

  • Siassi, N., 32

  • small and medium enterprise (SME) financial inclusion

    • bank lending and, 49, 105, 107f

    • economic growth and, 49, 111, 111f, 116

    • financial depth and, 107, 108f

    • importance of, 104, 106f

    • indicator description and source, 9t, 19t

    • labor markets and, 111, 112f, 116

    • macro- financial and institutional factors in, 113 –114

    • in MENA vs. rest of world, 14, 26t, 103 –106, 107f

    • partial credit guarantees and, 115

  • SOBs. See state-owned banks

  • social protection systems

    • access to, 31, 90

    • fragmentation of, 1

    • reform proposals, 3

    • spending on, 93, 93–94f, 96, 97f

    • targeted, 89, 93, 99

  • social spending, 89–100

    • coverage of, 3, 95f, 96, 97, 99, 99f

    • in COVID-19 pandemic, 89, 95–96, 95f, 99–100

    • on education, 93–95f, 95–97, 99

    • efficiency of, 89, 93–97, 94–95f, 98f, 100

    • fiscal space for, 89, 95, 99, 100

    • governance quality and, 96, 97f

    • on health care, 92–97, 93–95f, 99–100

    • IMF definition of, 90n3

    • inclusive growth and, 89, 96–99, 97–99f

    • in MENA vs. rest of world, 90, 92–93, 93–94f

    • on social protection, 93, 93–94f, 96, 97f

  • social stability, 119

  • socioeconomic indicators, 2, 3, 89–90, 91f, 97, 99

  • SOEs. See state-owned enterprises

  • Sourrouille, D., 108

  • stability

    • climate change as threat to, 128

    • economic, 29–32, 96, 113, 116, 119, 123

    • financial, 32, 44, 115, 119, 123

    • inclusiveness and, 2, 31–32, 35

    • political, 113, 123

    • price, 113

    • social, 119

  • standards of living, 4, 7, 29

  • state- owned banks (SOBs), 44, 111

  • state-owned enterprises (SOEs), 41–50

    • corruption involving, 49, 50f

    • fiscal support for, 44–45, 45f

    • market dominance of, 32

    • market dynamics and, 47, 55–59t

    • in MENA vs. rest of world, 46, 47f

    • Orbis database of, 45–46, 53, 53t

    • private sector impacted by, 2, 48, 59t

    • reform proposals, 48–49

    • sales over time, 47, 48f

    • size and scope of, 41, 43–44, 43f

    • third generation, 46b

  • structural benchmarks, 108, 109f, 111, 116

  • structural variables index, 78–80, 79f, 79–80t, 86t

  • student-to-teacher ratios, 9t, 10, 17t, 25t

  • Sustainable Development Agenda (2030), 29

  • Swaroop, V., 96

  • Sydorenko, T., 113, 114

T

  • Tambunlertchai, Suchanan, 41

  • Tang, Xin, 29

  • taxation

    • in advanced economies, 31

    • carbon taxes, 4, 126, 126f

    • exemptions from, 4, 100

    • household tax burden, 78, 82–83

    • of SOEs, 44, 47, 49

  • Teignier, M., 31

  • tele-workability indexes, 68, 68n4

  • third generation SOEs, 46b

  • Tiongson, E. H., 96

  • total factor productivity, 30, 33, 37, 41–42, 42f

  • transportation infrastructure, 49, 67

  • turnover rates, 34–35, 35n8, 35t

U

  • unemployment. See also labor markets

    • climate change and, 121, 122f

    • human capital depreciation during, 31

    • queuing phenomenon and, 44

    • of youth, 9t, 14, 18t, 26t, 121

  • United Nations Framework Convention on

  • Climate Change (UNFCCC), 124

  • United Nations Sustainable Development Agenda (2030), 29

  • universal health care, 9t, 11, 18t, 25t, 97

V

  • Velasquez, Agustin, 63

  • Ventura, G., 33

  • Verhoeven, M., 96

  • Viollaz, M., 65, 68–70

  • vocational training, 9t, 10, 17t, 25t, 30, 72, 100

W

  • water access

    • climate change and, 120, 121, 123

    • in COVID-19 pandemic, 90

    • in health outcomes regression, 96

    • in infrastructure index, 78, 86t

    • subsidies for, 126

  • WBES. See World Bank Enterprise Survey

  • WBL database. See Women, Business, and the Law database

  • WBL Index. See Women, Business, and the Law Index

  • Winant, P., 32

  • Winkler, H., 65, 68–70

  • women. See also gender gaps; gender inclusion

    • barriers to participation in economic life, 4

    • in COVID- 19 pandemic, 90, 92f

    • economic opportunities for, 1

    • entrepreneurship of, 2, 77, 78

    • expected years of schooling for, 78, 86t

    • labor market participation, 2–3, 31–32, 67, 72b, 75, 77f, 83

    • remote work opportunities for, 69–72, 70–71f, 72b

    • social spending targeting of, 89, 9 7, 99

    • unpaid work of, 67, 78n3, 82n9, 92f

  • Women, Business, and the Law (WBL) database, 77–78, 77n2

  • Women, Business, and the Law (WBL) Index, 9t, 15, 17t, 26t

  • workers. See labor markets

  • World Bank

    • on COVID-19 pandemic, 90

    • Gender database, 79

    • Human Capital Project, 97

    • on infrastructure investment, 49

    • on partial credit guarantees, 115

    • WBL database, 77–78, 77n2

  • World Bank Enterprise Survey (WBES), 105–106

  • World Press Freedom Index, 9t, 16, 18t, 26t

X

  • Xu, Y., 30, 33

Y

  • Yang, Yang, 7

  • youth unemployment, 9t, 14, 18t, 26t, 121

  • Yusuf, S., 64

Z

  • Zilibotti, F., 30

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