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 »
Posted on October 4, 2016 by iMFdirect
By Maurice Obstfeld
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
A return to the strong, sustainable, balanced, and inclusive growth that Group of Twenty leaders called for at Hangzhou in September still eludes us. Global growth remains weak, even though it shows no noticeable deceleration over the last quarter. The new World Economic Outlook sees a slowdown for the group of advanced economies in 2016 and an offsetting pickup for emerging and developing economies. Taken as a whole, the world economy has moved sideways. Without determined policy action to support economic activity over the short and longer terms, sub-par growth at recent levels risks perpetuating itself—through the negative economic and political forces it is unleashing.
Filed under: Advanced Economies, Africa, Annual Meetings, Economic outlook, Economic research, Emerging Markets, Financial markets, growth, IMF, International Monetary Fund | Tagged: 2014 Brisbane Action Plan, advanced economies, Brexit, China, developing economies, emerging Asia, emerging markets, G20, GDP, growth, IMF, Maurice Obstfeld, Sub-Saharan Africa, technology, trade, World Economic Outlook | Leave a comment »
Posted on September 29, 2016 by iMFdirect
By Ian Bremmer and David Lipton
Versions: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
Too often, a spirit of international cooperation evaporates just when it is most needed and most promising. And then, lack of cooperation leads to crisis; crisis belatedly forces cooperation; but that cooperation must begin with picking up the pieces.
Filed under: Advanced Economies, Annual Meetings, China, Economic Crisis, Economic research, Emerging Markets, Europe, IMF, Inequality, International Monetary Fund, Middle East, U.S. | Tagged: advanced economies, BRICs, Chiang Mai Initiative, China, David Lipton, emerging market economies, Europe, G20, Ian Bremmer, IMF, IMF/World Bank Annual Meetings, iMFdirect, inequality, International Monetary Fund, Middle East, New Development Bank, refugees, technology, United Nations, United States | Leave a comment »
Posted on August 31, 2016 by iMFdirect
by Jeff Hayden
My mother eases her car into the drive-through lane at our local bank, signs the back of her check, and places it in a metal canister. WHOOSH—the cylinder flies through a pneumatic tube to the teller inside the building.
In a few minutes, the teller squawks her thanks from the intercom speaker nearby. Another WHOOSH, and the canister returns. Inside we find a deposit receipt and a lollipop. Welcome to high-efficiency consumer banking, circa 1973.
Summer 2016. In our kitchen, I watch my oldest son rip open his paycheck and whip out his iPhone. TAP. SWIPE. CLICK. The deposit is made in an instant, thanks to an app that plugs him into an electronic banking network.
Filed under: Advanced Economies, Africa, Asia, banking, China, developing countries, Economic research, Emerging Markets, Employment, euro zone, Europe, Finance, Globalization, IMF, International Monetary Fund, technology | Tagged: Aditya Narain, Andrew Berg, Chris Wellisz, cybercrime, cybertheft, de dollarization, Edward Buffie, Felipe Zanna, Hal Varian, monetary policy, Nancy Birdsall, Peru, public-private partnerships, remittances, robots, Sanjiv Ranjan Das, Sharmini Coorey, smart machines, technology | Leave a comment »
Posted on May 31, 2016 by iMFdirect
By Jeff Hayden
Strong performance by many African economies over the past two decades led some commentators to coin the term “Africa Rising” to describe the region’s surging economic power.
The term graced the cover of TIME magazine in December 2012, in an issue that chronicled the region’s decades-long journey from economic anemia to impressive vigor. Beginning in the mid-1990s, many—but certainly not all—countries in sub-Saharan Africa energized their economies, achieving in recent years some of the world’s highest growth. Living standards improved as a result, as did health care and other key services, inspiring hope for a bright future.
Filed under: Africa, Fiscal policy, Government, growth, IMF, International Monetary Fund, Investment | Tagged: Africa, health care, IMF, infrastructure, International Monetary Fund, Nigeria, technology, United States, Women in the Workforce | Leave a comment »