How to heal the Brazilian economy
The Brazilian economy is suffering from a combination of ‘productivity anemia’ and ‘public sector obesity’
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Otaviano Canuto on global challenges
The economy is one of the top concerns of Americans and the world right now. This week I interview the Executive Director of the World Bank, Otaviano Canuto. He emphasizes…
Malaysia: Leveraging Knowledge for Development
The World Bank Malaysia Hub turns two! World Bank Group Executive Director Dr Otaviano Canuto shares how our engagement with Malaysia is transferring and leveraging knowledge for development.
ECON+ The changing face of international finance by Otaviano Canuto
https://www.mixcloud.com/EconPlus/econ-interview-with-otaviano-canuto-trends-in-financial-globalisation/ In our latest podcast with Otaviano Canuto, ECON+ discusses the changing face of international finance. Looking at the more detailed picture, we see that trends may not…
Para onde caminha a economia brasileira?
USP Talks - Otaviano Canuto discorre em 15 minutos porque a economia brasileira passou de um período de crescimento com redução de pobreza para a recente profunda crise e o que será necessário para retomar a prosperidade.
Bloated Central Bank Balance Sheets
Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of their balance sheets and are all now possibly facing a transition to less abnormal times.
A straightjacket to Help Brazil Fight Fiscal Obesity
Brazil’s GDP contraction since mid-2014 has multiple non-fiscal roots but it has morphed into an unsustainable fiscal trajectory. Dealing with the latter has become a precondition for full economic recovery and the Brazilian government has submitted to Congress a constitutional amendment bill mandating a public spending cap for the next 20 years. This piece considers how the Brazilian landscape evolved toward such a precipice and why additional reforms – particularly on pensions – will have to be implemented to make the spending cap feasible.
Brazil Needs an Honest Waste Loss
Brazil has been suffering from anemic productivity growth. This is a major challenge because in the long run, sustained productivity increases are necessary to underpin inclusive economic growth.
Not Your Grandma’s Cuba: A New Day in the Caribbean
Today, July 20, 2015, Cuba and the United States reopened embassies in Washington and Havana for the first time in decades,
Dealing with the Challenges of Macro Financial Linkages in Emerging Markets
The 2008 financial crisis highlighted the challenges associated with global financial integration, emphasized the importance of macro financial linkages and challenged pre-crisis financial stability regimes.
Risky Growth Engines
While the rich world puts its post-crisis house in order, developing countries as a whole are becoming the new engine of global growth. But switching locomotives is never free of risk.
Can Developing Countries Continue to Lead Global Growth?
Developing countries are emerging as the new engine of global growth, but this success has led to new challenges that policy makers must overcome if their countries are to continue driving the world economy forward.
Technological Learning and Innovation: Climbing a Tall Ladder
As the global stock of ideas expands and diffuses across and within countries, technological learning is poised to become an even more important determinant of growth through its impact on innovation. This note reviews global trends that make a policy focus on technological learning and innovation more important than ever for developing countries. The note explores how the recent global financial crisis may affect these trends and outlines several implications of these trends for innovation policy moving forward. Developing countries would benefit from an increased policy emphasis on technological learning and the adoption of more efficient existing technologies to generate more and better jobs and higher standards of living.