Steering the World Toward More Cooperation, Not Less

2018-09-07T08:12:13+00:00September 6th, 2018|

By Vitor Gaspar, Sean Hagan, and Maurice Obstfeld

September 6, 2018

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With the world becoming more interdependent than ever before, countries can achieve a lot when they pull together (photo: Anton Sokolov/iStock by Getty Images)

Countries cooperate if they perceive it to be in their best interests, both economically and politically.  (more…)

Chart of the Week: Equal Pay Remains a Global Issue

2018-08-21T16:27:30+00:00August 6th, 2018|

By IMFBlog

August 6, 2018

Versions in عربي中文,  EspañolFrançais日本語, PortuguêsРусский 

The G7 countries, which are committed to the need for closing the gender gap, have a wage gap average of about 16 percentage points (photo: iStock by GettyImages).

In the battle for the parity of the sexes, some countries have made progress in reducing inequality—such as in access to health care, education, and financial services—but worldwide, men still have more economic opportunities than women. (more…)

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

2018-08-06T13:11:13+00:00July 26th, 2018|

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. (more…)

How the Commodity Boom Helped Tackle Poverty and Inequality in Latin America

2018-06-25T07:39:57+00:00June 21st, 2018|

By Ravi Balakrishnan and Frederik Toscani

June 21, 2018 

Versions in Español, Português

People buying produce in a busy market in Bahia, Brazil. During the commodity boom, Brazil saw significant reductions in poverty and inequality (photo: golero/iStock by Getty Images)

Latin America may be the most unequal region in the world, but it is the only region to significantly lower inequality over the past two decades, and the boom in commodity prices helped make it happen.  (more…)

Chart of the Week: Distribution of Globalization’s Gains

2018-05-31T10:34:17+00:00May 31st, 2018|

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.   (more…)

Mapping Income Polarization in the United States

2018-05-23T11:52:21+00:00May 15th, 2018|

By Ali Alichi and Rodrigo Mariscal

May 15, 2018

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Investment in education an important countervailing force in addressing income inequality (photo: Istock by Getty Images).

When it comes to income inequality among American households, outcomes have varied widely across the 50 U.S. states.  The impact of international competition gets a lot of the blame, along with automation, in states that have fared the worst. (more…)

Trust and the Future of Multilateralism

2018-05-23T11:45:44+00:00May 10th, 2018|

By David Lipton

May 10, 2018
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Where trust exists and is reciprocated—where there is “confidence” in policies, institutions and systems—economies will achieve more (photo: iStock by Getty Images).

We live in an era of doubts and questions about the global order.  We have seen an erosion of trust in bedrock institutions—political parties, national governments, regional authorities, and among international trade and investment partners. (more…)

Mounting Debt Threatens Sustainable Development Goals

2018-05-01T14:16:58+00:00April 27th, 2018|

By Chris Lane and Elliott Harris

April 27, 2018

Versions in baˈhasa indoneˈsia(Indonesian), Español (Spanish), Français (French), Português (Portuguese)

A market in Port-au-Prince, Haiti: some developing countries are falling behind when it comes to incomes (photo: Dumont Bildarchiv/Newscom).

In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion and protection of the environment.

Our respective institutions, the United Nations Department of Economic and Social Affairs (UNDESA) and the International Monetary Fund (IMF), fully support these goals. From the UN perspective, they represent a down payment on a more peaceful, prosperous, and cooperative world, especially in increasingly perilous times. For the IMF, they help underpin economic stability and sustainable and inclusive economic growth. (more…)

Shining a Bright Light into the Dark Corners of Weak Governance and Corruption

2018-04-27T10:08:05+00:00April 22nd, 2018|

By Christine Lagarde

April 22, 2018

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

Anti-corruption strategies require broader regulatory and institutional reforms (photo: Kritchanut/iStock).

The IMF Executive Board has just endorsed a new framework for stepping up engagement on governance and corruption in our member countries. Let me talk about why this is important and what it means for our work.

(more…)

Globalization Helps Spread Knowledge and Technology Across Borders

2018-04-11T15:24:45+00:00April 9th, 2018|

By Aqib Aslam, Johannes Eugster, Giang Ho, Florence Jaumotte, Carolina Osorio-Buitron, and Roberto Piazza

April 9, 2018

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

Using artificial intelligence at a hospital in Qingdao, China: the spread of knowledge and technology between countries has intensified (photo: Sipa Asia/Sipa USA/Newscom).

It took 1,000 years for the invention of paper to spread from China to Europe. Nowadays, in a world that has become more integrated, innovations spread faster and through many channels.

Our research in Chapter 4 of the April 2018 World Economic Outlook takes a closer look at how technology travels between countries. We find that the spread of knowledge and technology across borders has intensified because of globalization. In emerging markets, the transfer of technology has helped to boost innovation and productivity even in the recent period of weak global productivity growth. (more…)

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