Diversify, Diversify, Diversify
The global economic crisis uncovered many of the vulnerabilities of an increasingly integrated world. So much so, that even though we are now well on the path to recovery,…
A Marriage of Convenience
The world of presumed stable monetary and financial conditions was severely shaken by the recent global financial crisis. And with that, the separation in some quarters of financial supervision…
Freedom and Development: Something Worth Fighting For
The protests that swept through the Middle East and North Africa over the past six months have shown us what people will do to have their voices heard. Starting…
Remittances Rebound but Pressures Persist
Remittances, or the money migrant workers send home to their countries of origin, are finally recovering to pre-crisis levels. In 2010, remittance flows to developing countries reached $325 billion,…
Workers maintain the thermal power station at Takoradi, Ghana, June 21, 2006. (Photo by Jonathan Ernst)
Managing Economic Policy in a Multipolar World
It’s no secret that current account imbalances exist around the world. In many cases, these imbalances may be benign and merely reflect market-driven differences in savings and investment or…
The Day After Tomorrow: A Different Kind of Trade
Over the past three decades, global trade grew almost twice as fast as global gross domestic product (GDP). The massive process of commercial integration was made possible by technological…
The Akuapem Rural Bank Ltd., founded in 1980, in the town of Mamfe, Ghana, June 19, 2006. (Photo by Jonathan Ernst)
The Cost of Financial Reform for Emerging Markets
In the aftermath of the global economic crisis, financial market regulators have proposed a myriad of reforms to better govern the banking sector and to enhance its resilience to…
Vicepresidente del Banco Mundial, Otaviano Canuto, confía en crecimiento sostenido del Perú
Vicepresidente del Banco Mundial, Otaviano Canuto, confía en crecimiento sostenido del Perú Cámara de Comercio de Lima | April 26, 2011 Otaviano Canuto manifestó su confianza que la economía peruana…
Traders work on the floor of the Ghana Stock Exchange in Accra, Ghana, June 15, 2006. (Photo by Jonathan Ernst)
Sophisticated Exports
What do call centers in Kenya, accounting companies in Sri Lanka, and human resources firms in Abu Dhabi have in common? From the surface, perhaps not much; but from…
Reviving a Policy Marriage
Project Syndicate Not long ago, the separation of financial supervision and monetary policy was in vogue in many countries. Some countries – like the United Kingdom and Australia – went…
The Food Price Threat to Poor Continues
Groundbreaking events are adding to the list of things pushing up food prices. Erratic weather in key grain exporting countries, the increasing crop use for biofuel production, export restrictions,…
Picking Up The Pieces
For the 600 million people living in fragile and conflict affected economies, the threat of relapsing into violence and slipping into deeper poverty is a reality they must face…
Money Can’t Buy Equality
South Asia has been one of the world’s success stories in terms of rapid economic growth. With India leading the way, South Asia’s poverty rate has fallen from 60…
Sichuan Province after 2008 earthquake. China
Macro-Disasters
Earlier this month, Japan experienced one of the worst natural disasters in its history, an earthquake and subsequent tsunami that claimed the lives of thousands of people and drastically…
Whither the U.S. Dollar
Is the U.S. dollar really doomed? If it were for some headlines, you would certainly think so. Because of the “Made in the U.S.A” financial crisis, growing budget deficits…