Chart of the Week: The Digital Divide in Asia

2018-09-25T07:33:02+00:00September 25, 2018|

By IMFBlog

September 25, 2018

Young people on their phones in Phnom Pehn, Cambodia: about 70 percent of the country does not have internet access and can’t participate in the digital economy (Samrang Pring/Reuters/Newscom)

The countries of Southeast Asia are young—more than half of its 643 million people are under 30— and together they live in an economy of $2.8 trillion. (more…)

Give Today’s Children a Chance

2018-10-16T09:35:28+00:00September 24, 2018|

By  Christine Lagarde and Vitor Gaspar

September 24, 2018

عربي, 中文, Español, Français, Baˈhasa indoneˈsia, 日本語PortuguêsРусский

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). (more…)

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

2018-08-28T14:36:20+00:00August 22, 2018|

By IMFBlog

August 22, 2018

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

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? (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…)

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…)

Sub-Saharan Africa: Diversifying for Tomorrow

2018-02-16T12:09:38+00:00February 16, 2018|

By IMFBlog

February 16, 2018

Photo: iStock by Getty Images/subman

Countries in sub-Saharan Africa need to diversify their economies, and the region’s youth need to be at the heart of it, says Axel Schimmelpfennig.

Schimmelpfennig is head of the IMF team for Uganda, and a coauthor of a study that looks at the potential benefits of a stepped-up diversification agenda in sub-Saharan Africa.

In this podcast, Schimmelpfennig talks about the need for sub-Saharan Africa to increase productivity in areas like agriculture and manufacturing to become more competitive in the export market and allow for increasing wages. (more…)

Chart of the Week: Crime, Joblessness, and Youth in the Caribbean

2018-02-12T11:36:20+00:00February 12, 2018|

By IMFBlog

February 12, 2018

Weak growth in the Caribbean reduces economic opportunities for young people, increasing their vulnerability to illegal activities and crime (photo: IMF)

Youth unemployment in the Caribbean—among the highest in the world—and crime are key bottlenecks to growth in the region.

In our Chart of the Week, we show that the 2008 global financial crisis had an especially strong effect on the unemployment rate for those between the ages of 15 and 24, which jumped on average by 5 percentage points between 2007 and 2013—from 21 percent to 26 percent. In some countries (for example, the Bahamas, Barbados, and Jamaica), youth unemployment rates are nearly three times that of those aged 30 and over. (more…)

Chart of the Week: Inequality, Your Health, and Fiscal Policy

2018-02-05T12:09:27+00:00February 5, 2018|

By Mercedes García-EscribanoBaoping Shang, and Emmanouil (Manos) Kitsios

February 5, 2018 

 Catania Sicily, Italy.  Men with a lower level of education live shorter lives, on average, than their better educated fellow citizens (photo: Jann Huizenga/Getty Images/IStock).

The gap in life expectancy between rich and poor people is a worldwide phenomenon, and has grown dramatically in recent years in some countries. 

In our Chart of the Week, we show how this longevity gap, which reflects inequality in access to health care and its impact on peoples’ overall health, varies across countries. Men with a lower level of education live shorter lives, on average, than their better educated fellow citizens: this gap ranges from four years in Italy, to 14 years in Hungary, according to the October 2017 Fiscal Monitor. (more…)

A Dream Deferred: Inequality and Poverty Across Generations in Europe

2018-02-02T12:31:24+00:00January 24, 2018|

By Christine Lagarde

January 24, 2018

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

A young apprentice learns a trade in Palmela, Portugal: the right policies can help reduce inequality and poverty across generations in Europe (photo: Tim Brakemeier/DPA/Newscom).

The poet Langston Hughes once asked, “What happens to a dream deferred?” It is a relevant question to millions around the world today, especially young people, because of inequality and poverty.

This week IMF staff are launching new, European Union-focused research highlighting the impact of unemployment and the long-term consequences of inadequate social protection on the young. The study also explores ideas that can help fix the problem and reduce inequality and poverty for the next generation. (more…)

Taxes, Debt and Development: A One-Percent Rule to Raise Revenues in Africa

2018-01-17T10:58:19+00:00December 5, 2017|

By Vitor Gaspar and Abebe Aemro Selassie

December 5, 2017

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

School children in Ghana: building a country’s tax capacity helps pay for education and health care (photo: Vacca Sintesi/SIPA/Newscom).

Tax revenues play a critical role for countries to create room in their budgets to increase spending on social services like health and education, and public investment. At a time when public debt levels in sub-Saharan Africa have increased sharply, raising tax revenues is the most growth-friendly way to stabilize debt. More broadly, building a country’s tax capacity is at the center of any viable development strategy to meet the ongoing needs for expanding education and health care, and filling significant infrastructure gaps. (more…)

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