Posted on May 24, 2016 by iMFdirect
By Sonali Jain-Chandra, Kalpana Kochhar and Tidiane Kinda
Versions in 中文 (Chinese), 日本語 (Japanese)
Asia continues to be the world’s growth leader, but the gains from growth are less widely shared than before. Until about 1990, Asia grew rapidly and secured large gains in poverty reduction while simultaneously achieving a fairly equitable society. Since the early 1990s, however, the region has witnessed widening income inequality that has accompanied its robust expansion—a break from its own remarkable past.
This matters because elevated levels of inequality are harmful for the pace and sustainability of growth. What can be done? Our research finds that policies could substantially reverse the trend of rising inequality. In particular, given limited social safety nets, well-designed fiscal policies may be able to alleviate inequality without stifling the region’s wealth-creating growth.
Filed under: Asia, China, Emerging Markets, Employment, Fiscal, Fiscal policy, Government, growth, IMF, India, Inequality, International Monetary Fund, Investment, Reform | Tagged: China, fiscal policy, IMF, iMFdirect, income inequality, India, inquality, International Monetary Fund, investment, unemployment | Leave a comment »
Posted on May 18, 2016 by iMFdirect
By Pritha Mitra
Version in عربي (Arabic)
Every year, millions of people leave their countries of birth in search of better opportunities abroad. Often, these migrants are among the most talented workers in their home countries. At first glance, this is a loss for the home countries, which invested considerable time and money in educating and developing these people, only to watch them leave. But look again.
Filed under: developing countries, Emerging Markets, Employment, Government, growth, International Monetary Fund, Investment, Migration, refugees, technology | Tagged: Africa, Asia, developing countries, diaspora, emerging economies, Europe, GDP, governments, growth, IMF, India, International Monetary Fund, jobs, Latin America, Middle East, Migration, refugees, remittances, United States | Leave a comment »
Posted on May 5, 2016 by iMFdirect
By Rahul Anand, Kalpana Kochhar, and Saurabh Mishra
The expansion of India’s exports of services between 1990 and 2013 has been nothing short of spectacular, putting India on a par with the world’s high-income economies in terms of service-product sophistication and as a share of total exports. This has created unique opportunities for continued growth. By contrast, when it comes to exports of manufactured goods, India has lagged behind its emerging-markets peers, both in quality and as a percentage of the total export basket, leaving substantial room for improvement.
Filed under: Advanced Economies, developing countries, Emerging Markets, India, International Monetary Fund, trade, U.S. | Tagged: advanced economies, East Asia, emerging markets, exports, IMF, iMFdirect blog, India, International Monetary Fund, low-income countries, Middle East, trade | Leave a comment »
Posted on May 3, 2016 by iMFdirect
By Prakash Loungani and Zidong An
Version in Español (Spanish)
Forecasts of real GDP growth attract a lot of media attention. But what matters more to the person on the street is how growth translates into jobs. Unfortunately, the mediocre growth outlook of recent years may lead to a disturbing outlook for jobs, particularly among fuel-exporting countries and in the Latin America and Caribbean region.
Filed under: Advanced Economies, Caribbean, developing countries, Emerging Markets, euro zone, Inequality, International Monetary Fund, Latin America, U.S., unemployment | Tagged: Argentina, Brazil, Caribbean, euro area, IMF, inequality, jobs, labor market, Latin America, Okun coefficient, poverty, unemployment, United States, Venezuela, World Economic Outlook | Leave a comment »
Posted on April 13, 2016 by iMFdirect
By Vitor Gaspar and Luc Eyraud
Versions in 中文 (Chinese), Français (French), Español (Spanish), 日本語 (Japanese), and Русский (Russian)
Public finances have had a rough year. A new reality is emerging. Against this backdrop, countries need to act now to boost growth and build resilience. They must also be prepared to act together to fend off global risks.
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Financial markets, Fiscal policy, growth, IMF, inflation, International Monetary Fund, oil | Tagged: advanced economies, emerging markets, Fiscal Monitor, fiscal policy, fiscal space, GDP, growth, IMF, low-income countries, public finances | Leave a comment »
Posted on April 4, 2016 by iMFdirect
Today the IMF published some of its new research from the Global Financial Stability Report on two hot topics: emerging economies and the insurance sector in advanced economies. Here’s a quick take on the latest analysis. Continue reading
Filed under: Advanced Economies, Annual Meetings, China, Emerging Markets, IMF, International Monetary Fund | Tagged: Brazil, China, Global Financial Stability Report, insurance, interest rates, Mexico, South Africa | Leave a comment »
Posted on March 17, 2016 by iMFdirect
We should have seen a decrease in inequality with globalization, but that’s not what has happened in the last 25 years, according to Nobel Laureate and Harvard Professor Eric Maskin. While there are a number of reasons to care about inequality, he says there is a high correlation between high inequality and social and political unrest, with consequences for a country’s political and economic stability.
Filed under: Advanced Economies, Economic research, Emerging Markets, Employment, Globalization, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: Eric Maskin, Globalization, iMFdirect, inequality, job skills | Leave a comment »