Women, Technology, and the Future of Work

By Era Dabla-Norris and Kalpana Kochhar

November 16, 2018

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Women are currently underrepresented in fields experiencing job growth, such as engineering and information and communication technology (photo: Vgajic/iStock by Getty Images)

The way we work is changing at an unprecedented rate. Digitalization, artificial intelligence, and machine learning are eliminating many jobs involving low and middle-skill routine tasks through automation. Continue reading “Women, Technology, and the Future of Work” »

By | November 16th, 2018|Gender issues, inclusive growth, Jobs, technology|

Realizing the Potential of the G20 Compact with Africa

By Christine Lagarde

October 30, 2018

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Power Plant, Abidjan, Cote d’Ivoire. The G20 Compact with Africa was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. So far, eleven African countries have joined the initiative: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia (photo: Thierry Gouegnon/Reuters/Newsom)

The Compact with Africa focuses on a fundamental challenge for the continent: how to accelerate private sector investment and create jobs. To realize its full potential, all parties need to deliver. Continue reading “Realizing the Potential of the G20 Compact with Africa” »

By | October 30th, 2018|Africa, Investment, Jobs|

The Wealth of Nations: Governments Can Better Manage What They Own and Owe

By Vitor Gaspar, Jason Harris, and Alexander Tieman

October 10, 2018

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A firefighter in Auckland, New Zealand: when governments know what they own they can put their assets to better use and can earn about 3 percent of GDP more in revenues to spend on citizens’ well being (Photo: Rafael Ben-Ari/Newscom)

What is the state of your personal finances? You probably think first about your debts: your mortgage, your credit card balance, and your student loans. But you probably also think about how much cash is sitting in the bank, the value of your house, and the rest of your nest egg.

Surprisingly, most governments do not approach their finances this way. Continue reading “The Wealth of Nations: Governments Can Better Manage What They Own and Owe” »

Give Today’s Children a Chance

By  Christine Lagarde and Vitor Gaspar

September 24, 2018

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Children in early childhood education in Indonesia: more money put into education helps countries achieve their Sustainable Development Goals (Photo: Ajun-Ally/Pacific Press/Newscom)

World leaders are gathering at the United Nations to discuss how to deliver on development for all that is economically, socially, and environmentally sustainable—“The 2030 Agenda for Sustainable Development,” and its 17 Sustainable Development Goals (SDGs). Continue reading “Give Today’s Children a Chance” »

Ten Years After Lehman—Lessons Learned and Challenges Ahead

By Christine Lagarde

September 5, 2018

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A trader on the New York Stock Exchange the day US investment bank Lehman Brothers filed for bankruptcy: the global crisis that followed is a defining moment of our time (Photo: Nancy-Kaszerman/ZUMA Press/Newscom)

The global financial crisis remains one of the defining events of our time. It will forever mark the generation that lived through it. Continue reading “Ten Years After Lehman—Lessons Learned and Challenges Ahead” »

Chart of the Week: Educate Girls and Women to Boost Equality

By IMFBlog

August 22, 2018

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Schoolgirls in Valladolid, Mexico: Policies that focus on educating girls increase the likelihood that they will enter the labor force (photo: kertu_ee/iStock by Getty Images)

Government policies have boosted women’s participation in the work force. But women still make up a smaller percentage of the labor force than men in most countries. Of the many policies available, such as education and legal rights, which ones provide the most “bang for the buck” to reduce inequality between men and women? Continue reading “Chart of the Week: Educate Girls and Women to Boost Equality” »

Malta’s Good Bet

By IMFBlog

May 7, 2018

Marsaxlokk Harbor, Malta. Not only tourist paradise: the country’s economy makes profits on the betting and gambling industry (photo: iStockPhoto/Andrey Danilovich).

Known mostly for its azure seas and spectacular old towns, Malta has also become a hub for gambling and betting companies: nowhere else in the European Union does this sector account for such a large part of the economy as on the island south of Sicily in the Mediterranean Sea. While the gambling and betting boom contributes to the country’s trade balance and job creation, it also draws attention to a skills shortage and infrastructure gaps the sector is grappling with, a recent IMF paper shows. Continue reading “Malta’s Good Bet” »

Risky Business: Reading Credit Flows for Crisis Signals

By Claudio Raddatz Kiefer and Jérôme Vandenbussche 

April 10, 2018

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The odds of a severe economic downturn are higher when a growing portion of credit flows to riskier firms, according to a new IMF study (Photo: Pali 137/ iStock by Getty Images).

Supervisors who monitor the health of the financial system know that a rapid buildup of debt during an economic boom can spell trouble down the road. That is why they keep a close eye on the overall volume of credit in the economy. When companies go on a borrowing spree, supervisors and regulators may decide to put the brakes on credit growth.

Trouble is, measuring credit volume overlooks an important question: how much of that additional money flows to riskier companies – which are more likely to default in times of trouble—compared with more creditworthy firms? The IMF’s latest Global Financial Stability Report seeks to fill that gap by constructing measures of the riskiness of credit allocation, which should help policy makers spot clouds on the economic horizon. Continue reading “Risky Business: Reading Credit Flows for Crisis Signals” »

Wanted: Policies to Encourage and Enable Work in Advanced Economies

By Francesco Grigoli, Zsóka Kóczán, and Petia Topalova

April 9, 2018 

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Aging may slow economic growth in advanced economies (photo: Zero Creatives Cultura/Newscom).

Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten the sustainability of social security systems. But, as our research in Chapter 2 of the April 2018 World Economic Outlook shows, there is considerable scope for policies to mitigate the forces of aging by enabling those who are willing to work to do so. Continue reading “Wanted: Policies to Encourage and Enable Work in Advanced Economies” »

The Decline in Manufacturing Jobs: Not Necessarily a Cause for Concern

By Bertrand Gruss and Natalija Novta

April 9, 2018

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Textile manufacturing plant in Recife, Brazil: in many countries, the share of manufacturing jobs is declining (photo: Ingram Publishing/Newscom).

Manufacturing jobs are waning. In many emerging market and developing economies, workers are shifting from agriculture to services, bypassing the manufacturing sector. In advanced economies, the rise in service sector employment typically reflects the outright disappearance of manufacturing jobs. Continue reading “The Decline in Manufacturing Jobs: Not Necessarily a Cause for Concern” »

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