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The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Commercial Poultry Production on Maryland’s Lower Eastern Shore traces the beginnings and development of commercial poultry production in this very important region. African Americans were mainly involved in poultry production on the labor supply side, which was crucial to the expansion of the industry. Commercial poultry production expanded through vertical integration, acquisitions, mergers, and consolidations and became the dominant economic activity on the Lower Maryland Eastern Shore in the 1950s. Throughout the years, the industry has intermixed with public health and the environment. These integrations were problematic on several fronts, as the industry sought to maintain a much-needed economic lifeline for the region and yet protect public health and ensure a sustainable environment at the same time. In all, commercial poultry production has continued to fuel the local economy of the Lower Maryland Eastern Shore since its inception in the 1930s.