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 September 6, 2016 by iMFdirect
By Longmei Zhang
Version in 中文 (Chinese)
The word “rebalancing” is often used to describe China’s economic transition. But what does it mean? And how much is China rebalancing? A recent IMF paper attempts to answer these questions. Continue reading
Filed under: Advanced Economies, aging, Asia, China, climate change, Financial markets, growth, Inequality, International Monetary Fund, Reform | Tagged: aging, China, Chinese economy, Climate change, economic rebalancing, GDP, global financial crisis, IMF, iMFdirect, inequality, International Monetary Fund, investment, pollution, structural reforms | Leave a comment »
Posted on July 27, 2016 by iMFdirect
By Ian Parry and Philippe Wingender
Version in 中文 (Chinese)
A single policy could do it all for China. A carbon tax—an upstream tax on the carbon content of fossil fuel supply—could dramatically cut greenhouse gases, save millions of lives, soothe the government’s fiscal anxieties, and boost green growth. Continue reading
Filed under: Asia, China, climate change, health, IMF, International Monetary Fund, technology, trade | Tagged: carbon dioxide, carbon tax, China, Climate change, CO2 emissions, coal, emissions trading system, fossil fuels, GDP, greenhouse gases, healthcare spending, IMF, iMFdirect, India, International Monetary Fund, Paris agreement, trade, United States | Leave a comment »
Posted on July 20, 2016 by iMFdirect
By Alejandro Werner
Versions in: Português (Portuguese), Español (Spanish)
Following a rough start at the beginning of the year, both external and domestic conditions in Latin America and the Caribbean have improved. But the outlook for the region is still uncertain.
Commodity prices have recovered since their February 2016 trough, but they are still expected to remain low for the foreseeable future. This has been accompanied by a brake—or even a reversal—in the large exchange rate depreciations in some of the largest economies in the region.
Filed under: Caribbean, Economic outlook, Emerging Markets, IMF, International Monetary Fund, Investment, Latin America, South America, trade, Transition | Tagged: Argentina, Brazil, Brexit, Central America, Chile, Colombia, Dominican Republic, Ecuador, exchange rate depreciation, export revenues, GDP, growth potential, IMF, iMFdirect, International Monetary Fund, Mexico, Peru, trade, Uruguay, Venezuela | 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 July 7, 2016 by iMFdirect
A suitcase filled with multiple passports? That’s not just the stuff of spy movies anymore. Increasingly, a growing number of high-net worth individuals are looking to have a passport portfolio. This has led to a proliferation of so-called citizenship-by-investment or economic citizenship programs that allow individuals from all over the world to legitimately acquire passports.
Filed under: Caribbean, Emerging Markets, IMF, International Monetary Fund, Investment | Tagged: capital inflows, Caribbean, economic citizenship, GDP, governance, IMF, iMFdirect, income growth, International Monetary Fund, investment, sustainable growth | 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 »