If the marginal gains from investment in physical capital depend positively on knowledge, but a household cannot hire skilled labor to compensate for low skills, then even if it has access to credit, the household will achieve lower returns than an educated household.
In this exploration of urban and regional dynamics in Poland after the transition, the authors find that the degree of urbanization, and primacy remains low in Poland. The largest cities are not growing at the rate that would be expected if post-transition adjustments were operating freely. As a result, Poland is not fully realizing external economies from urban agglomeration.
Delivering on results is a key to
achieving our Latin America and Caribbean strategy. This
publication presents some of the recent results achieved by
the World Bank Group, our clients, and our partners in the
Latin America and Caribbean Region. The stories reflect our
A focus on development results is at the
heart of the Latin America and Caribbean Region s approach
to delivering programs and policy advice with partners in
middle-income and low income countries alike. Through
knowledge, convening activities, and financial services we
In this issue: food price crisis in
Africa; focus: the Doha development agenda; when is deposit
insurance a good idea? Returns to capital in
micro-enterprises; new global poverty estimates; ports and
maritime transport in West and Central Africa; the
consequences of child labor; and gender and asset ownership.