Posted on March 2, 2017 by iMFdirect
Version in 中文 (Chinese)
An important attribute of China’s remarkable record of economic growth has been the creation of an astonishing network of “hard” infrastructure, like roads, power stations, and communication networks. Now, China needs to move toward a new stage of reforms designed to help rebalance its economy. The stakes for global prosperity are high—China is the second largest economy and contributes one-third of the world’s growth. Continue reading
Filed under: China, financial policy, Fiscal policy, growth, IMF, infrastructure, Investment, monetary policy | Tagged: China, economic growth, financial policy, Financial regulation, fiscal policy, governance, IMF, iMFdirect blog, infrastructure investment, monetary policy, statistics, sustainable growth | Leave a comment »
Posted on February 22, 2017 by iMFdirect
By Prakash Loungani and Jonathan D. Ostry
Versions in عربي (Arabic), 中文 (Chinese), Français (French), and Español (Spanish)
Over the past three decades, income inequality has gone up in most advanced economies and in many developing ones as well. Why? Much of the research on inequality has focused on advances in technology and liberalization of trade as the main drivers. While technology and trade are global trends that are difficult to resist, IMF studies have shown that the design of government policies matters and can help limit increases in inequality. Continue reading
Filed under: capital markets, developing countries, Economic research, growth, IMF, inclusive growth, income, Inequality | Tagged: capital markets, developing economies, Ethiopia, growth, IMF, iMFdirect blog, income distribution, income inequality, inequality, Jonathan Ostry, labor markets, Myanmar, Prakash Loungani, predistribution, redistribution, sustainable growth | Leave a comment »
Posted on February 9, 2017 by iMFdirect
By Philip Daniel, Michael Keen, Artur Swistak, and Victor Thuronyi
Versions in Français (French), Português (Portuguese), and Español (Spanish)
Seventy percent of the world’s poorest people live in countries rich in oil, natural gas or minerals, making effective taxation of these extractive industries critical to alleviating poverty and achieving sustained growth. But national borders make that task much harder, opening possibilities for tax avoidance by multinationals and raising tough jurisdictional issues when resource deposits cross frontiers. Continue reading
Filed under: developing countries, Economic research, Fiscal policy, growth, infrastructure, International Monetary Fund, oil, taxation | Tagged: cross-border linkages, developing countries, extractive industries, IMF, iMFdirect blog, infrastructure, Mauritania, minerals, natural resources, oil, sustainable growth, taxation, technology, transfer pricing | Leave a comment »
Posted on October 5, 2016 by iMFdirect
By Vitor Gaspar and Marialuz Moreno Badia
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
In the midst of the Great Depression, the American economist Irving Fisher warned of the dangers of excessive debt and the deflationary pressures that follow on its tail. He saw debt and deflation as the big, bad actors. Now, their close relatives—too high debt and too low inflation—are still in play, at least for advanced economies.
Filed under: Advanced Economies, China, Economic Crisis, Economic research, Emerging Markets, Fiscal policy, IMF, International Monetary Fund, Public debt, U.S. | Tagged: advanced economies, China, emerging market economies, fiscal policies, fiscal policy, GDP, global debt, growth, IMF, inclusive growth, International Monetary Fund, private debt, public debt, sustainable growth | 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 October 29, 2013 by iMFdirect
By Steven Barnett
(Version in 中文)
Less growth in China today will mean higher income in the future. So rather than worry, we should welcome the slowdown in China’s economy. Why? Because by favoring structural reforms over short-term stimulus, China’s leadership is illustrating their commitment to move to a more balanced and sustainable growth model.
Filed under: Asia, Economic outlook, Economic research, Emerging Markets, Finance, growth, IMF, International Monetary Fund, Public debt | Tagged: China, consumption, government finances, IMF, iMFdirect, investment, reform, sustainable growth, United States | 3 Comments »
Posted on May 12, 2011 by iMFdirect
By Antonio Borges
(Versions in Español, Français, Português, Русский)
Banks―and the loans they provided in the run-up to the crisis―are at the heart of Europe’s problems today.
Yet it would be wrong to conclude that the crisis was caused by too much financial integration. In fact, the real problem may have been that there was too little financial integration.
Policies to promote deeper integration of Europe’s banks―including through cross-border merger and acquisitions―should be part of the solution. Continue reading
Filed under: Economic outlook, Europe, IMF, International Monetary Fund | Tagged: banks, capital flows, cross-border mergers and acquisitions, current account deficits, European Union, external debt, financial integration, financial sector, fixed exchange rates, foreign exchange risk, interest rates, market failures, Regional Economic Outlook: Europe, regulatory and supervisory frameworks, sovereign debt, sustainable growth, the euro | 3 Comments »