Roads to Stronger Growth in Low-Income Countries

By Tao Zhang and Vladimir Klyuev

Versions in:  عربي (Arabic), 中文 (Chinese), Français (French), and Español (Spanish)

Low-income countries should build more infrastructure to strengthen growth. A new IMF analysis looks at ways to overcome obstacles.

The clock is now ticking on the 2030 Agenda for Sustainable Development, and while investment—critical to this agenda—has been rising in recent years among low-income countries, weak infrastructure is still hampering growth. Governments need to make significant improvements to lay foundations for flourishing economies: roads to connect people to markets, electricity to keep factories running, sanitation to stave off disease, and pipelines to deliver safe water. Continue reading “Roads to Stronger Growth in Low-Income Countries” »

A Field Guide to Exchange Rate Regimes in Central, Eastern and Southeastern Europe

By Philip Gerson and Johannes Wiegand

For an economist interested in examining the evolution of monetary and exchange rate regimes, Central, Eastern and Southeastern Europe (CESEE) provides a habitat of unparalleled diversity. Almost every type of regime can be found in the region: from floating and inflation targeting over various pegs to the unilateral use of the euro and full euro area membership.

Continue reading “A Field Guide to Exchange Rate Regimes in Central, Eastern and Southeastern Europe” »

Can Raising Japan’s Minimum Wage Accelerate Wage Growth?

By Luc Everaert and Giovanni Ganelli

Version in 日本語 (Japanese)

Japan’s minimum wage is 798 JPY ($6.52) per hour, lower than many other advanced countries, including the United States, and among the lowest relative to the average wage (see chart). For a country that needs consumers to boost spending to pull the economy out of 15 years of deflation and reinvigorate growth, a hike in wages across the board can go a long way. Continue reading “Can Raising Japan’s Minimum Wage Accelerate Wage Growth?” »

Load More Posts