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A NEW EUROPEAN RENAISSANCE

The Constitution of Innovation By Luis Garicano, Bengt Holmström & Nicolas Petit · Nov 10, 2025 At the end of the Second World War, Europe was a devastated continent and much poorer than the United States. Despite this unfavourable situation, in the following decades it managed to achieve an extraordinary recovery: between the 1950s and…

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AI REVOLUTIONIZES PUBLIC GOVERNANCE

Artificial intelligence (AI) and machine learning are revolutionizing the way governments tackle challenges such as tax evasion, transparency, and service efficiency. The World Bank, through its GovTech Innovation Lab, is leading initiatives that apply these technologies to strengthen governance in various countries. One of the most recent cases was developed in collaboration with Georgia’s tax…

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