Saudi Arabia’s Bold Vision for Economic Diversification
Mohamed A. El-Erian Saudi Arabia has captured the world’s attention with the announcement of an ambitious agenda, called Vision 2030, aimed at overhauling the structure of its economy. The plan would reduce historical high dependence on oil by transforming how the Kingdom generates income, as well a…
The World Bank is eliminating the term “developing country” from its data vocabulary
Tim Fernholz In the 2016 edition of its World Development Indicators, the World Bank has made a big choice: It’s no longer distinguishing between “developed” countries and “developing” ones in the presentation of its data. The change marks an evolution in thinking about the geographic distribution o…