Posted on January 31, 2017 by iMFdirect
By Rabah Arezki
Agriculture and food markets are plagued with inefficiencies that have dramatic consequences for the welfare of the world’s most vulnerable populations. Globally, farm subsidies amount to over $560 billion a year—equivalent to nearly four times the aid given to developing countries by richer ones. Major emerging-market nations have increased subsidies rapidly, even as rich nations cut theirs drastically. Meanwhile, tariffs on farm products remain a major point of contention in global trade talks.
One third of global food production goes to waste, while food insecurity is still rampant in developing countries. Even with the explosion of agricultural productivity since the middle of the 20th century, food security remains a challenge for much of the developing world. Food-calorie production will have to expand by 70 percent by 2050 to keep up with a global population that’s forecast to grow to 9.7 billion from last year’s 7.3 billion. Food insecurity can lead to violence and conflicts that can spill over well beyond borders. Continue reading
Filed under: Africa, Asia, China, commodities, developing countries, Emerging Markets, Globalization, IMF, India, International Monetary Fund, Investment, natural disasters, poverty, trade | Tagged: agriculture, Farm Subsidies, Food Insecurity, Sub-Saharan Africa | Leave a comment »
Posted on December 29, 2016 by iMFdirect
What a year it has been. 12 months with big implications for the global economy.
In 2016 our readers’ curiosity focused on a wide range of hot topics in the world of economic and financial policy: the economic impact of migration, China’s economic transition, the prospects for negative interest rates, the way forward for Greece, the future of commodity prices, and the outlook for Latin America, to name a few. We compiled this top ten list for the past year based on readership. Continue reading
Filed under: Advanced Economies, Asia, China, commodities, Economic research, euro zone, Europe, exchange rates, Financial markets, Fiscal policy, G-20, Gender issues, Greece, growth, IMF, interest rates, International Monetary Fund, Latin America, negative interest rates, U.S. | Tagged: Alejandro Werner, Christine Lagarde, José Viñals, Maurice Obstfeld, Poul Thomsen, Vitor Gaspar | Leave a comment »
Posted on December 21, 2016 by iMFdirect
Terms of trade is the price of a country’s exports relative to its imports. The commodity terms of trade refers to a country’s commodity exports relative to its commodity imports.
When the price of commodities, like oil, plummeted in 2015, economies that rely on exporting commodities had their terms of trade drop by an average of about 10 percent of GDP that year. Economies that rely more on importing commodities saw about a 2 percent of GDP benefit from the 2015 drop in prices. Continue reading
Filed under: commodities, Economic research, IMF, International Monetary Fund, oil, trade, U.S. | Tagged: commodity exporters, commodity importers, commodity prices, GDP, IMF, iMFdirect blog, oil, trade, World Economic Outlook | Leave a comment »