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 »
Posted on March 7, 2016 by iMFdirect
By Christine Lagarde
(Versions in عربي, 中文, Español, Français, 日本語, Русский, Deutsch, and Italiano)
International Women’s Day—March 8—is one of my favorite days. It is a time to celebrate the impressive progress women at all levels of the career ladder have made in recent decades. More women in the labor force, and in more senior positions is good news for women, for their companies, and for their countries’ economies.
A new IMF staff study finds that in Europe, national policies, even taking account of personal preferences, can boost women’s participation in the workforce and enhance their chances for advancement.
Filed under: Employment, Gender issues, growth, IMF, Inequality, International Monetary Fund, technology | Tagged: asset returns, Christine Lagarde, corporate ladder, corporate sector, eastern Europe, Europe, gender wage gap, IMF, International Monetary Fund, International Women's Day, labor force, policy, women | Leave a comment »
Posted on February 25, 2016 by iMFdirect
By Jeff Hayden
(Versions in عربي and Español)
Say “population growth” and many people immediately think of resources under stress. The mind jumps to 19th century scholar Thomas Malthus, who saw population outstripping the food supply, or to Paul Ehrlich, whose 1968 book The Population Bomb warned of global catastrophe from overpopulation.
Filed under: Africa, China, Employment, Fiscal policy, Government, growth, IMF, International Monetary Fund | Tagged: demographics, El Nino, employment, Finance & Development magazine, fiscal policy, inflation, oil prices, population aging, Sub-Saharan Africa, wages, women | Leave a comment »
Posted on November 17, 2015 by iMFdirect
By Jorg Decressin and Prakash Loungani
Devaluation is often part of the remedy for a country in financial trouble. Devaluation boosts the competitiveness of a country’s exports and curtails imports by making them more costly. Together, the higher exports and the reduced imports generate some of the financial resources needed to help the country get out of trouble.
For countries that belong to—and want to stay in—a currency union, however, devaluation is not an option. This was the situation facing several euro area economies at the onset of the global financial crisis: capital had been flowing into these countries before the crisis but much of it fled when the crisis hit.
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Financial Crisis, Fiscal policy, growth, IMF, Inequality, International Monetary Fund | Tagged: central bank, euro area, spillover, structural reforms, wage moderation, wages | Leave a comment »
Posted on October 27, 2015 by iMFdirect
By Benedict Clements, Kamil Dybczak, and Mauricio Soto
(Versions in 中文 and 日本語)
Populations are getting older around the world—that’s no surprise in light of declining fertility and improvements in health care. But in many countries, something more dramatic is going on—the population is actually shrinking. These demographic developments portend stark fiscal challenges. What should countries—whatever their degree of economic development—do to respond to these challenges?
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Employment, Financial Crisis, Fiscal policy, IMF, International Monetary Fund | Tagged: economic development, health care, life expectancy, public debt, public finances | Leave a comment »
Posted on October 22, 2015 by iMFdirect
By Sonali Jain-Chandra, Kalpana Kochhar, and Monique Newiak
(Versions in عربي, 中文, Français, 日本語, Русский, and Español)
Despite progress, wide gaps between women and men’s economic empowerment and opportunity remain, which policymakers need to tackle urgently. In most countries, more men than women work, and they get paid more for similar work. Also, there are considerable gender gaps in access to education, health and finance in a number of countries. There is mounting evidence that the lack of gender equity imposes large economic costs as it hampers productivity and weighs on growth.
Our new study analyzes the links between these two phenomena—inequality of income and that of gender. We find that gender inequality is strongly associated with income inequality across time and countries of all income groups.
Filed under: Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Fiscal policy, Globalization, IMF, Inequality, International Monetary Fund, Reform | Tagged: developing economies, education, empowering women, gender wage gap, Germany, income inequality, India, inequality, infrastructure, Japan, labor force, tax policy, women labor force participation | Leave a comment »
Posted on September 16, 2015 by iMFdirect
By W. Raphael Lam, Xiaoguang Liu, and Alfred Schipke
(Version in 中国)
China is moving toward a “new normal” of safer and more sustainable growth. To this end, ensuring its labor market stays resilient will be critical. Reforms to contain vulnerabilities caused by buildup of credits may temporarily slow growth, and raise the unemployment rate, but supported through a strong safety net, these reforms will raise productivity, and facilitate more sustainable growth.
Despite the slowdown of the past few years, however, China’s labor market has remained resilient. Efforts to maintain labor market stability are paying off, helped by an expanding services sector.
Filed under: Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, growth, IMF | Tagged: Asia, China, employment, labor force, labor market | Leave a comment »