Posted on March 21, 2017 by iMFdirect
By Christine Lagarde
Versions in عربي (Arabic), 中文 (Chinese), Français (French), Español (Spanish)
From smartphones to cloud computing, technology is rapidly changing virtually every facet of society, including communications, business and government. The financial world is no exception.
As a result, the financial world stands at a critical juncture. Yes, the widespread adoption of new technologies, such as blockchain-based systems, offers many potential benefits. But it also gives rise to new risks, including risks to financial stability. That causes challenges for financial regulators, a subject I addressed at the 2017 World Government Summit in Dubai.
Filed under: currency, financial policy, Financing, International Monetary Fund, technology | Tagged: artificial intelligence, Bitcoin, Christine Lagarde, cryptocurrencies, Financial regulation, financial stability, financial systems, financial technology, fintech, imfblog | Leave a comment »
Posted on March 14, 2017 by iMFdirect
By Christine Lagarde
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), Deutsch (German), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
Baden-Baden, the German spa town built on ancient thermal springs, is a fitting venue to discuss the health of the global economy during this week’s meeting of the Group of Twenty finance ministers and central bank governors.
Policymakers will likely share a sense of growing optimism, because the recent strengthening of activity suggests that the world economy may finally snap out of its multi-year convalescence. Continue reading
Filed under: Advanced Economies, G-20, growth, IMF, Investment, jobs, technology, U.S. | Tagged: China, Christine Lagarde, cross-border linkages, economic integration, euro area, G20, GDP, global economy, IMF, iMFdirect blog, inclusive growth, India, inequality, Japan, labor market reforms, Migration, spillover effects, tax reform, technology, United States | Leave a comment »
Posted on March 13, 2017 by iMFdirect
Technological change seems to be happening faster than ever. The prospect of driverless cars, robot lawyers, and 3D-printed human organs becoming commonplace suggests a new wave of technological progress. Continue reading
Filed under: Advanced Economies, aging, Economic research, growth, IMF, jobs, labor force, productivity, technology, wages | Tagged: advanced economies, aging, artificial intelligence, capital, communications, Finance & Development. F&D, global financial crisis, iMFdirect blog, labor force, productivity, Robert Solow, technology, Total Factor Productivity, wages | Leave a comment »
Posted on March 3, 2017 by iMFdirect
Author and innovation guru, Alec Ross says that technology is shaping the industries of the future.
“Ninety percent of the world’s data has been produced in the last two years. In fact, if you take the sum of all the information produced by human kind—from paintings on cave walls—to the year 2003, the sum of that data we now produce every two days.” Continue reading
Filed under: commodities, IMF, technology, trade, U.S. | Tagged: Alec Ross, business, data, digital economy, IMF, IMF podcasts, iMFdirect blog, industry, innovation, technology | Leave a comment »
Posted on January 11, 2017 by iMFdirect
New York Times columnist and best-selling author Thomas Friedman says our lives are being transformed in so many realms at once—it’s dizzying.
“We’re in the middle of 3 accelerations; the market, mother nature, and Moore’s law. Moore’s law says the power of microchips will double every 24 months, mother nature is climate change, biodiversity loss and population, and the market is digital globalization.” Continue reading
Filed under: Advanced Economies, climate change, Globalization, health, IMF, International Monetary Fund, technology | Tagged: An Optimist’s Guide to Thriving in the Age of Accelerations, change, data, New York Times, technology, Thank You for Being Late, Thomas Friedman | Leave a comment »
Posted on November 15, 2016 by iMFdirect
Inventor and futurist Ray Kurzweil, says intelligent machines are your friends.
In this podcast, Kurzweil talks about how artificial intelligence is helping overcome our human limitations and creating better-paying jobs.
Filed under: education, Employment, growth, IMF, International Monetary Fund, jobs, technology, U.S. | Tagged: economic development, education, employment, IMF, IMF podcast, iMFdirect blog, information technology, intelligent machines, International Monetary Fund, job creation, jobs, Ray Kurzweil, technology, United States | Leave a comment »
Posted on October 27, 2016 by iMFdirect
By Rabah Arezki and Akito Matsumoto
Versions in عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
While oil prices have stabilized somewhat in recent months, there are good reasons to believe they won’t return to the high levels that preceded their historic collapse two years ago. For one thing, shale oil production has permanently added to supply at lower prices. For another, demand will be curtailed by slower growth in emerging markets and global efforts to cut down on carbon emissions. It all adds up to a “new normal” for oil.
Filed under: Advanced Economies, Economic research, Financial markets, growth, IMF, International Monetary Fund, oil, technology | Tagged: advanced economies, China, COP21, developing economies, economic growth, emerging market economies, financial markets, IMF, International Monetary Fund, Iran, oil, oil prices, OPEC, Russia, shale oil, technology | Leave a comment »