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World Development Report 2025
December 15 , 2025
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- The World Bank released the “World Development Report 2025: Standards for Development” report.
- The report highlights that international standards benefit wealthy nations and multinational companies while leaving many developing countries behind.
- Standards are shared rules that ensure consistency, compatibility, and quality in systems, processes, and products.
- They support economic development by boosting trade, reducing transaction costs, promoting innovation, and enabling industrial scaling.
- Standards enhance national security, improve social outcomes such as healthcare and education, and strengthen governance by reducing corruption.
- Challenges include their use in trade wars as non-tariff measures and the low representation of developing countries in technical committees that set global standards.
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