Chart of the Week: The Spread of Ideas and Innovation

By IMFBlog

July 30, 2018 

Versions in  عربيEspañolFrançais中文, 日本語, PortuguêsРусский 

Young woman watches robotic fish in Gangneung, South Korea: the spread of knowledge and technology across counties has intensified because of globalization (photo: Richard Ellis/UPI/Newscom).

Globalization has accelerated the spread of knowledge and technology across borders. This has helped to increase productivity and potential growth in many countries and at the global level. Continue reading “Chart of the Week: The Spread of Ideas and Innovation” »

By | July 30th, 2018|Globalization, productivity, technology, Uncategorized|

5 Things You Need to Know About the IMF and the Sustainable Development Goals

By Tony Annett and Chris Lane

July 26, 2018 

Version in عربي , 中文EspañolBaˈhasa indoneˈsia, 日本語,  PortuguêsРусский 

The global economic juggernaut is bumping into the boundaries of environmental safety (photo: Infogram).

Although we live in an age of unparalleled wealth and technological achievement, billions of people are still suffering from poverty, hunger, exclusion, and conflict. Continue reading “5 Things You Need to Know About the IMF and the Sustainable Development Goals” »

Shifting Tides: Policy Challenges and Opportunities for the G-20

By Christine Lagarde

July 18, 2018

Versions in عربي中文Español, Français 日本語, Português, Русский 

Cars to be shipped abroad, Jiangsu, China: trade tariffs have gone into effect and export orders have decreased (photo: Imagine China/Newscom)

The artist Claude Monet once said, “I worked without stopping, for the tide at this moment is just as I need it.” As the Group of Twenty finance ministers gather this week at the banks of the Rio de la Plata in Buenos Aires they should be inspired by the words of Monet, and take advantage of global growth before the tides change. Continue reading “Shifting Tides: Policy Challenges and Opportunities for the G-20” »

By | July 18th, 2018|Advanced Economies, Europe, Global Governance, Globalization, trade, U.S.|

5 Things You Need to Know About the IMF and Climate Change

By Ian Parry

June 8, 2018

Versions in  عربي,  中文,  Español, Français, 日本語Português, Русский 

A polar bear on shrinking ice in the Arctic: climate change means the world is getting hotter (photo: Sven-Erik Arndt/Newscom)

The world is getting hotter, resulting in rising sea levels, more extreme weather like hurricanes, droughts, and floods, as well as other risks to the global climate like the irreversible collapsing of ice sheets.  Continue reading “5 Things You Need to Know About the IMF and Climate Change” »

Chart of the Week: Distribution of Globalization’s Gains

By IMFBlog

May 31, 2018

A garment factory in Ethiopia, which globalization has helped to boost its growth (photo: Kay Neitfeld/Newscom).

While globalization is generally good for economic growth, the benefits are subject to diminishing marginal returns, according to a recent study of 147 countries from 1970 to 2014. The study looks at how globalization affects the distribution of incomes across and within countries.   Continue reading “Chart of the Week: Distribution of Globalization’s Gains” »

Technology and the Future of Work

By Adrian Peralta, and Agustin Roitman

May 1, 2018 

Versions in  عربي (Arabic), baˈhasa indoneˈsia(Indonesian), 中文 (Chinese), Español (Spanish), 日本語 (Japanese), Português (Portuguese), Русский (Russian)

Technology impacts how we work (photo: BSIP/Newscom).

Many feel anxious about the impact of new technology on their jobs. This is not new. In fact, it dates back at least to the Luddites movement at the outset of the Industrial Revolution. And it resurfaced during the Great Depression and again in the 1960s, following a period of high productivity growth, and in the 1980s at the outset of the IT revolution.

How can governments help? By investing in peoples’ skills. Continue reading “Technology and the Future of Work” »

An Even-handed Approach to Crypto-Assets

By Christine Lagarde

April 16, 2018

Versions in  عربي (Arabic), 中文 (Chinese),  Español (Spanish), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian)

Healthcare companies are studying how to use the technology behind crypto assets to maintain confidential medical data (BSIphotos/Newscom).

The dizzying gyrations of crypto-assets such as Bitcoin invite comparisons with the tulip mania that swept Holland in the 17th century and the recent dot-com bubble. With more than 1,600 crypto-assets in circulation, it seems inevitable that many will not survive the process of creative destruction.

In my blog last month, I looked at the dark side of crypto-assets, including their potential use for money laundering and the financing of terrorism. Here, I want to examine the promise they offer. A judicious look at crypto-assets should lead us to neither crypto-condemnation nor crypto-euphoria. Continue reading “An Even-handed Approach to Crypto-Assets” »

Fiscal Rules: Make them Easy to Love and Hard to Cheat

By Xavier Debrun, Luc Eyraud, Andrew Hodge, Victor Lledo, Catherine Pattillo, Abdelhak Senhadji

April 13, 2018

Versions in Español (Spanish), Français (French),  Português  (Portuguese)

The national debt clock in New York City: a fiscal rule, like the debt ceiling, should not be set too low or too high. (photo: Frances M. Roberts/Newscom)

Rules to contain lavish government deficits are most effective if countries design them to be simple, flexible, and enforceable in the face of changing economic circumstances.

In new analysis, we look at fiscal rules in over 90 countries and, based on their experiences, find that the rules put in the place over the last three decades often were too complex, overly rigid, and difficult to enforce. Continue reading “Fiscal Rules: Make them Easy to Love and Hard to Cheat” »

The Digital Gamble: New Technology Transforms Fiscal Policy

By Vitor Gaspar and Geneviève Verdier

April 12, 2018

Versions in عربي (Arabic),  中文 (Chinese),  Español (Spanish), 日本語 (Japanese), Português  (Portuguese), Русский (Russian)

Traffic in Singapore: the city uses digital technology for road pricing to manage road congestion congestion (photo: Kua Chee Siong/ SPH/Newscom)..

In Rwanda, digitally-monitored drones deliver blood supplies to hospitals. In Estonia, it takes five minutes to file taxes and 99 percent of government services are available online. Singapore was the first city to implement electronic road pricing to manage congestion. The world is becoming digital, and reliable, timely, and accurate information is available at the push of a button. Governments are following suit, using digital tools for tax and expenditure policy, public financial management, and public service delivery.  Continue reading “The Digital Gamble: New Technology Transforms Fiscal Policy” »

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