hen the IMF was founded in 1945, the world looked very different than it does today. One of the most profound differences is the structural demographic shift from "young to old," where by as soon as 2020 there will be a billion of us over 60, soaring to two billion by mid-century
We've had a spate of good news on the economic front recently. Does this mean that we are finally out of the fiscal woods? According to our most recen...
Global financial stability is improving -- we have begun to turn the corner. But it is too early to declare victory as there is a need to move beyond liquidity dependence -- the central theme of our report -- to overcome the remaining challenges to global stability.
The dynamics that were emerging at the time of the October 2013 World Economic Outlook are becoming more visible. Put simply, the recovery is strengthening.
A bigger but somewhat slower growing China of the future will contribute about as much to global demand as the smaller but faster growing China of before. This is arithmetic: An economy that is twice as big can grow by half as much and contribute the same to global demand. By the way, China today is more than twice as big as it was a decade ago. So, the good news is, even with slower growth, China will continue to be an engine of global output. Indeed, an even bigger engine than before.
José Antonio Ocampo, former Finance Minister of Colombia and World Bank presidential candidate, sat down with for a frank interview on the importance of international tax regulation as a necessary global public good.
Ukraine is beset by troubles. The Russian annexation of Crimea is the dramatic headline, but the economic struggles the country and Ukrainian workers face may prove just as dire.
With Yanukovych ousted, the ever myopic U.S. press rapidly shifted its attention to Russia's response, or more accurately to the behavior of Vladimir Putin.
Despite all the swagger of Russia's Putin and the pro-Russian sentiments of many citizens of Ukraine living in Crimea, the people of Ukraine remain angry about the staggering sums of cash allegedly stolen from them by the country's former government leaders and their cronies.
The idea that the world we create at a personal level can influence if not determine the sort of world we create at the national and international level seems naïve, perhaps, unless one looks at the default alternative, consigned to us by the media: that our role is to be a spectator in the global wrestling arena.
"Our young women need better role models than Kim Kardashian." An African woman living in Uganda said this to me via SKYPE while I was sitting in a coffeehouse in California.
Globalization causes inequality for various reasons. Inequality corresponds with greater economic uncertainty, lower investment and high social tensions and political instability. If globalization drives inequality, what are the remedies?
There are a trillion reasons to care about who owns emerging market debt. That's how much money global investors have poured into in these government...
Russian President Vladimir Putin is escalating the stakes by intervening in the Ukraine, and effectively taking control of the Crimean peninsula.
In the end, the street triumphed over the elite. Ukrainian President Viktor Yanukovych tried to hang on to power, and failed. Russian President Vladimir Putin tried to maintain Russian influence, and failed. The EU tried to mediate, and failed. And the United States tried to... well, I'll get to that in a moment.
Listening to optimistic talk of an economic recovery among the world's financial elites is a bit like hearing a smoker describe their latest heart attack as they light up another cigarette.