Chart of the WeekThe World’s Top Recipients of Foreign Direct Investment
Why Basic Science Matters for Economic Growth
Chart of the WeekHow e-Government Services Can Pay Dividends
By Ali Al-Sadiq
The ability to renew your passport or driver’s license, pay a tax bill, or access government data with the click of a button or swipe of a screen, anytime and anywhere, has grown more important during the COVID-19 pandemic to prevent the spread of the virus. […]
Ensuring the Benefits of Capital Flows in the Middle East
By Jihad Azour and Ling Zhu
Since the global financial crisis of 2008, emerging market economies have experienced a surge in capital flows in response to significant monetary easing by major central banks. Gross capital inflows to the Middle East and North Africa (MENA) have remained high compared to other emerging markets, but their composition has changed significantly, with a surge in portfolio flows (equity and bond instruments) and a decline in foreign direct investment. […]
The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy
By Jiaqian Chen
December 4, 2018
عربي, 中文, Español, Français, 日本語, Português, Русский
A UK border agency worker holds a passport: As a member of the European Union, free labor mobility has enabled the UK to hire talent from across the EU (photo: Mac Gregor/Reuters/Newscom)
The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions. […]
Trust and the Future of Multilateralism
By David Lipton
May 10, 2018
عربي 中文 Español Français
日本語 Português Русский
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. […]
Getting into Higher Gear: Why Structural Reforms Are Critical for Revving Up Global Growth
By David Lipton
Versions in عربي (Arabic), Español (Spanish)
Almost a decade after the start of the global financial crisis, the world economy is still trying to achieve escape velocity. The IMF’s recent forecast for global growth is a disappointing 3.1 percent in 2016 and 3.4 percent in 2017. And the outlook remains clouded by increased economic and political uncertainty, including from the impact of the Brexit vote.
Policymakers have taken forceful macroeconomic policy action to support growth, such as fiscal stimulus and appropriately accommodative monetary policy. But a lasting recovery remains elusive. […]
How Lowering Trade Barriers Can Revive Global Productivity and Growth
By Era Dabla-Norris and Romain Duval
Version in Español (Spanish)
Weak productivity growth in many advanced and emerging market economies in the wake of the global financial crisis is raising concerns about future growth prospects. New research indicates that easing barriers to international trade and foreign direct investment (FDI) could boost productivity and output.