Chart of the Week: The Spread of Ideas and Innovation

2018-08-01T14:30:14+00:00July 30, 2018|

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. (more…)

Chart of the Week: Top 5 Charts

2018-07-25T08:24:53+00:00July 25, 2018|

By IMFBlog

July 25, 2018

People wait while their electric cars charge, in Xiamen, China (photo: Zhang Guojun/Newscom)

Rank has its privileges, the saying goes.  This week our editors pull rank and pick their favorite charts from our Chart of the Week series.  (more…)

Estimating Cyber Risk for the Financial Sector

2018-06-26T16:12:14+00:00June 22, 2018|

By Christine Lagarde

June 22, 2018

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

Average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year (photo: Eti Ammos/iStock by Getty Images)

Cyber risk has emerged as a significant threat to the financial system. (more…)

Chart of the Week: Japan’s Robots

2018-06-14T09:13:48+00:00June 12, 2018|

By IMFBlog

June 12, 2018

Version in 中文, 日本語

A Panasonic robot moves around the lounge of Tokyo's Narita International Airport (photo: Yoshio Tsunoda/AAFLO/Alamy Live News)

As Japan’s population ages and the birth rate is too low to sustain growth, the country is no stranger to coping with a limited number of working age people.  (more…)

Chart of the Week: The Rise of Corporate Giants

2018-06-26T15:32:07+00:00June 6, 2018|

By Federico J. Díez and Daniel Leigh

June 6, 2018

Versions in  中文Español, Français日本語,  PortuguêsРусский 

The market power of “superstar” companies in advanced economies is growing (photo: iStock by Getty Images)

The growing economic wealth and power of big companies—from airlines to pharmaceuticals to high-tech companies—has raised concerns about too much concentration and market power in the hands of too few. (more…)

Creating a Better Global Trade System

2018-06-07T13:42:22+00:00May 29, 2018|

By Christine Lagarde

May 29, 2018

Versions in عربي, 中文FrançaisBaˈhasa indoneˈsia, 日本語, PortuguêsРусский    

Engineers inspect the 3D printing of a bicycle frame in California: trade in services has risen dramatically and the use of technology is changing how countries trade with each other (photo: Stephen Lam/Reuters /Newscom).

Recent news on global trade has tended to focus on protectionist measures and diplomatic tensions. These challenges have raised concerns over growth and jobs across the world. (more…)

Technology and the Future of Work

2018-05-31T15:13:35+00:00May 1, 2018|

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. (more…)

An Even-handed Approach to Crypto-Assets

2018-04-20T10:55:27+00:00April 16, 2018|

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. (more…)

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

2018-04-18T10:52:26+00:00April 13, 2018|

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. (more…)

The Digital Gamble: New Technology Transforms Fiscal Policy

2018-04-17T10:22:59+00:00April 12, 2018|

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.  (more…)

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