Sharing the Gains of Automation: The Role of Fiscal Policy
Careful calibration of spending and tax policies can reduce inequality caused by automation.
Chart of the WeekCould Renewed Social Unrest Hinder the Recovery?
By Metodij Hadzi-Vaskov, Samuel Pienknagura, and Luca Ricci
Protests driven by the pandemic’s economic fallout are on the rise, with potentially long-lasting economic consequences.
Protests can be catalysts for political reform and social change. But what impact do they have on the economy? […]
The Next Move: Consequences for Emerging Markets
By Gita Bhatt
We focus this issue of Finance & Development on the road ahead for emerging markets, a label frequently applied to economies in the middle—neither advanced nor low-income. Because of their growing systemic relevance, this group of countries helps anchor global stability. […]
Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All
by Dora Benedek, Edward Gemayel, Abdelhak Senhadji, and Alexander Tieman
عربي, 中文, Español, Français, 日本語, Português, Русский
The pandemic’s impact on the world’s poor has been especially harsh. COVID-19 may have pushed about 100 million people into extreme poverty in 2020 alone, while the UN warns that in some regions poverty could rise to levels not seen in 30 years. The current crisis has derailed progress toward basic development goals, as low-income developing countries must now balance urgent spending to protect lives and livelihoods […]
What Pandemics Mean for Robots and Inequality
By Tahsin Saadi Sedik and Jiae Yoo
From car manufacture to self-service checkouts, we all see how automation can transform the world of work—with lower costs and higher productivity on one hand, and more precarious employment for people on the other. […]
Short-term Shot and Long-term Healing for Latin America and the Caribbean
By Alejandro Werner, Takuji Komatsuzaki, and Carlo Pizzinelli
Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. […]
Giving Everyone a Fair Shot
By David Amaglobeli, Vitor Gaspar, and Paolo Mauro
عربي, 中文, Español, Français, 日本語, Português, Русский
The COVID-19 pandemic is intensifying the vicious circle of inequality. To break this pattern and give everyone a fair shot at prosperity, governments need to improve access to basic public services—such as health care (including vaccination) and education—and strengthen redistributive policies. […]
The Future of Asia: What a Difference a Year Can Make
By Chang Yong Rhee and Katsiaryna Svirydzenka
The Sydney Opera resumed live performances and the city of Melbourne recently hosted the Australian Open tennis tournament with fans (mostly) in attendance. […]
