Harnessing the Power of Big Data for Trade and Competitiveness Policy
Big data solutions have the potential to accelerate the work of our teams by deriving timely, accurate, and actionable insights from alternative data sources in order to close data gaps and inform policymaking. For example, pilot projects underway...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/146901489069602323/Harnessing-the-power-of-big-data-for-trade-and-competitiveness-policy http://hdl.handle.net/10986/26266 |
| Summary: | Big data solutions have the potential to
accelerate the work of our teams by deriving timely,
accurate, and actionable insights from alternative data
sources in order to close data gaps and inform policymaking.
For example, pilot projects underway in the Trade and
Competitiveness practice are exploring the use of data
science techniques to harness publicly available government
and commercial data to aid competition authorities in
detecting cartels and other anti-competitive practices. We
are also mining Internet data to measure innovative economic
activity in cities, so agencies can make better informed
policy decisions and, we are collecting regulatory data to
classify and assess the impacts of non-tariff measures on
economies and their competitiveness. This paper, prepared in
collaboration with Deloitte and with other global practices
within the Bank Group, highlights data-driven pilot projects
underway in the Trade & Competitiveness Global Practice
and shares compelling cases of how big data is changing the
way we look at the challenges countries are facing and how
we can best support them. |
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