The Day After Tomorrow: Will We Ever Trust the State?
This is the fourth in a series of blogs where we take a look at the issues and the countries that will be at the forefront of the development…
Currency Wars Yesterday and Today
An energetic debate on the danger of a global currency war has flared up in recent months, stoked by a renewed move to “quantitative easing” in the United States,…
Emerged Economies
In the post-recession era, developing countries have come out on top. And they're going to stay there.
The Day After Tomorrow: The Final Battle in the War Against Poverty
This is the third in a series of blogs where we take a look at the issues and the countries that will be at the forefront of the development…
Introduction – The Great Recession and Developing Countries : Economic Impact and Growth Prospects
While globalization has been a powerful engine of economic growth over the past three decades, it has also posed new problems and challenges, especially for international economic policy coordination. In the past decade, the large and rapid increases in trade, remittances, and international financial flows across borders have been a strong incentive for economic growth, not only in East and South Asia but also in Latin America and Sub-Saharan Africa. And rapid and sustained economic growth in several low- and middle-income economies has been steadily altering the economic weights of different regions in the world economy.
The Day After Tomorrow: Fiscal Quality
This is the second in a series of blogs where we take a look at the issues and the countries that will be at the forefront of the development…
Foreword – Euromoney Emerging Markets Handbook 2011
Otaviano Canuto, Catiana García-Kilroy, Anderson Caputo Silva The year of 2009 will be remembered for endorsing a structural shift in the relative position of emerging market economies (EMEs) in the…
The Day After Tomorrow: Growth Switchover
It is becoming common wisdom that developing countries are doing well while the rich world is stuck in long-overdue austerity. Barring another subprime crisis (this time, in public debt),…
The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World
While the rich world puts its house in order, developing countries are becoming a new engine of global growth and a pulling force for advanced economies, says a new book by World Bank economists. According to The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World, almost half of global growth is currently coming from developing countries. As a group, it is projected that their economic size will surpass that of their developed peers in 2015.
Toward a Switchover of Locomotives in the Global Economy
The recovery in advanced economies is now exhibiting several signs of fragility and the medium-term growth prospects for these economies also look difficult. Could developing economies “switch over” to become locomotives in the global economy, providing a countervailing force against downward trends? The view taken here says, yes, as long as appropriate domestic policies and reforms are pursued in developing countries.
Inter-American Dialogue – Latin America Economic Growth
JULY 6, 2010 Latin America Economic Growth Panelists talked about the future of Latin America’s economy and whether Latin America’s prospects would remain dependent on the fortunes of the industrialized countries…
Challenges in the coming phase of globalisation: A sense of déjà vu
Otaviano Canuto, José Manuel Salazar 28 June 2010 (VoxEU) Economic integration transmitted the negative shocks of the crisis to workers across the world. As the global economic recovery begins, this column…
Dealing with Dutch disease
Vox EU The recent boom in primary commodity prices has once more stimulated interest in the issue of “Dutch Disease” – the changes in a country’s structure of production expected…
The World’s Worst Economies
Jun 9, 2010 The World's Worst Economies Ghana has the world's largest manmade lake and the 1-gigawatt Aksombo Hydroelectric Plant, built to supply electricity to Africa's largest aluminum smelter.…
Recoupling or Switchover
The current recovery in advanced economies is now exhibiting several signs of fragility. Their medium term growth prospects also look difficult. In this environment two questions arise: Will developing…