International cooperation is in decline both in the political and financial spheres. The UN has failed to address any of the major conflicts since the end of the cold war; the 2009 Copenhagen Climate Change Conference left a sour aftertaste; the World Trade Organization hasn’t concluded a major trade round since 1994. The International Monetary […]
The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output. Read Here – Bloomberg
Asia is likely to remain the world’s economic engine despite the recent soft patch in global growth and increasing volatility in international financial markets, says the International Monetary Fund. Read Here – International Monetary Fund
Congratulations to India for appointing Raghuram Rajan as the new governor of its central bank. It would be hard to think of anybody better qualified — not even Janet Yellen. But condolences to India for the news that monetary and financial policies aren’t the main obstacles to its prosperity. The economy needs better management, all right, but not […]
World economic growth will struggle to accelerate this year as a U.S. expansion weakens,China’s economy levels off and Europe’s recession deepens, the International Monetary Fund said. Read Here – Bloomberg
Underneath all the anger in Egypt lies a basic fact: The country’s economy is in deep trouble. Normally a country in such a bad way would go to the IMF for support. Instead, it has tried to play the fund and Gulf donors off one another to stay afloat. Read Here – Foreign Affairs
The International Monetary Fund’s 2012 World Economic Outlook provided surprising cause for optimism about economic growth in several African countries. Based on the IMF’s estimates, Business Insider recently profiled 20 countries with the highest projected compounded annual growth rate (CAGR) from 2013 through 2017; ten of them are in sub-Saharan Africa, and two are in North Africa. These statistics […]
Asia needs to guard against asset bubbles, and its emerging economies must improve government institutions and liberalize rigid labor and product markets to encourage development, the International Monetary Fund said. Read Here – New York Times
Who do they think they are, these upstart economies, Brazil, Russia, India, China and South Africa? That might sum up the feeling in the U.S., Europe and Japan as the BRICS nations consider a new development bank that might challenge the World Bank and International Monetary Fund. The move brings to mind Alice Amsden, the Massachusetts Institute of Technology economist who died last […]
The five countries known as the BRICS have 43 percent of the world’s population, $4.4 trillion in currency reserves, and generally healthier economic growth than Europe and the U.S. Yet to their frustration, Americans and Europeans still dominate policymaking at the World Bank and the International Monetary Fund. Should the five—Brazil, Russia, India, China, and […]
looking beyond borders 