From the Latin American Debt crises to East Asia’s financial sector turmoil, past macroeconomic shocks have traditionally affected women differently than men. Such asymmetries are even more evident in…
Strong opinions abound on the issue of migration both in sending and receiving countries. But beyond the political discourse, labor migration is now central to the debate on international…
Why is it that some countries are more developed than others? A country is “less developed” not only because it lack inputs (labor and capital) but because it uses…
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 Otaviano Canuto and Justin Yifu Lin
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…
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,…
In the post-recession era, developing countries have come out on top. And they're going to stay there.
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…
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.
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…
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…
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),…
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.
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.