Finance as an Economic Cholesterol
First appeared at World Bank Growth and Crisis blog A country’s income depends on its accumulated wealth and how efficiently and innovatively this wealth is employed to produce goods and services.…
Building hospital gurneys at the Tautmann factory in Turkey
Jobs as a Scorecard
Employment numbers released today by the World Bank shed some light on the resilience of job creation and job preservation heretofore exhibited in most emerging countries. According to the…
Is Europe as Unequal as the U.S.?
Europe is the land of generous social programs with not as much inequality as in the U.S., right? It is fair to say that low interpersonal inequality in general…
Less Poor but More Unequal
First, the good news: The world has become considerably less poor. Today, 43 percent of people are considered to be living in poverty—that is, living on less than $2 per…
Emerging Markets Lead in Job Recovery
One of the most distressing aspects of the frail economic recovery from the global crisis has been lagging job creation. In developed and developing countries alike, millions of people…
“Ascent after Decline: Regrowing Global Economies after the Great Recession”
Российская экономическая школа Published on Apr 11, 2012 New Schools of Economics, Moscow, Russia April 4, 2012 Public Seminar: Otaviano Kanuto (Vice President, Head of Poverty Reduction and Economic Management…
Ascent after Decline: Regrowing Global Economies after the Great Recession
ASCENT AFTER DECLINE: REGROWING GLOBAL ECONOMIES AFTER THE GREAT RECESSION Q&A transcript: Regrowing the Global Economy with co-editor and World Bank VP Otaviano Canuto The great recession of…
Are Emerging Markets Leading the Way in Job Creation?
With a few exceptions, industrialized nations are still struggling with unemployment, unable to recover completely from the 2008 economic crisis. In the U.S. things seem to be improving as…
Jobs, Jobs, Jobs
Market volatility, fears of a double-dip, lack of investor confidence and social demonstrations from Wall Street to Main Streets around the world are just some of the headlines we…
UN-High-level policy dialogue with the international financial and trade institutions on current developments in the world economy, High-level Segment 2011 – ECOSOC
High-level policy dialogue with the international financial and trade institutions on current developments in the world economy, High-level Segment 2011 – ECOSOC 5 Jul 2011 - 15th meeting of the 2011 High-level…
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…
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…
The Day After Tomorrow: Macro-Financial Policy Catches Up With Reality
The 2008–09 crisis opened the door to a different kind of thinking in international macroeconomics—and closed it on some of the previous orthodoxy. Let’s take a look at some…
The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World
The Day After Tomorrow: A Handbook on the Future of Economic Policy in the Developing World (at the Wilson Center) https://youtu.be/bAu0GhuwX7Y Economists Otaviano Canuto (right) and Marcelo Giugale pointed to a major…
Introduction to The Great Recession and Developing Countries: Economic Impact and Growth Prospects
Introduction to The Great Recession and Developing Countries: Economic Impact and Growth Prospects Otaviano Canuto and Justin Yifu Lin