Posted on September 8, 2016 by iMFdirect
By Maurice Obstfeld
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語(Japanese), Русский (Russian), Español (Spanish)
A longstanding challenge for the global economy is the possibility that some countries compete for export markets through artificially low prices. Political leaders and pundits sometimes propose import tariffs to offset the supposed price advantages and exert pressure for policy changes abroad. What proponents often fail to realize is that such tariff policies, while certainly hurting their targets, can also be very costly at home. And surprisingly, the self-inflicted harm can be substantial even when trade partners do not retaliate with tariffs of their own. Continue reading
Filed under: Advanced Economies, Asia, Economic outlook, Employment, IMF, International Monetary Fund, trade, U.S. | Tagged: East Asia, employment, exports, GDP, IMF, iMFdirect, imports, International Monetary Fund, tariffs, trade, United States, World Economic Outlook, World Trade Organization, WTO | Leave a comment »
Posted on August 17, 2016 by iMFdirect
By Shekhar Aiyar, Christian Ebeke, and Xiaobo Shao
Versions in Français (French), and Español (Spanish)
In parallel to the aging of the general population, the workforce in the euro area is also growing older. This could cause productivity growth to decline in the years ahead, raising another policy challenge for governments already dealing with legacies from the crisis such as high unemployment and debt. Continue reading
Filed under: Advanced Economies, aging, Employment, euro zone, Europe, growth, health, IMF, International Monetary Fund, labor force | Tagged: aging, employment, euro area, Euro Area countries, Europe, health, IMF, International Monetary Fund, labor force, productivity, retirees, training, unemployment, United Kingdom, United States, workers | Leave a comment »
Posted on July 20, 2016 by iMFdirect
(Versions in: Bulgarian, Czech, Estonian, Hungarian, Latvian, Lithuanian, Polish, Romanian, Russian, Serbian, and Slovenian)
The opening up of Eastern Europe to the rest of the world in the early 1990s brought about tremendous benefits. The inflow of capital and innovation has led to better institutions, better economic management, and higher efficiency. On the flip side, it has also led to sizable and persistent outflow of people.
Filed under: Advanced Economies, Economic research, Employment, euro zone, Europe, growth, income, Inequality, International Monetary Fund, Migration, refugees, unemployment | Tagged: advanced economies, Bulgaria, Czech Republic, East-West migration, eastern Europe, emigration, employment, Estonia, Europe, European Union, GDP, growth, Hungary, IMF, iMFdirect, International Monetary Fund, jobs, labor force, Latvia, Lithuania, pan-European, Romania, Russia, Slovakia, Slovenia | Leave a comment »
Posted on June 29, 2016 by iMFdirect
By Enrica Detragiache, Jean-Marc Natal, and Joana Pereira
Version in Deutsch (German)
Germany, a champion of structural reform prescriptions within the European Union, needs a large dose of the same medicine at home, too. Beyond public investment in transport and telecommunications, and more competition in services, dealing with an aging population needs urgent attention. With the right policies, Germany can bring more people into the workforce—and for longer—to counter the demographic trend, argues a recent study accompanying the regular health check of the German economy by the International Monetary Fund.
Filed under: Advanced Economies, aging, Economic outlook, Employment, Europe, IMF, International Monetary Fund, unemployment | Tagged: advanced economies, aging, child care, employment, Europe, European Union, GDP, German, Germany, IMF, iMFdirect, International Monetary Fund, labor force, retirement, 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 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 »