Statement by the Managing Director to the International Monetary and Financial Committee on the Fund’s Policy Agenda

Policy Papers ◽  
2010 ◽  
Vol 2010 (46) ◽  
Author(s):  
Keyword(s):  
Economic Policy ◽  
Economic Activity ◽  
Emerging Market ◽  
Capital Inflows ◽  
Policy Agenda ◽  
Prudential Regulation ◽  
High Unemployment ◽  
Cross Border ◽  
Emerging Market Countries ◽  
The World

Although the global recovery continues to move ahead, it remains fragile and uneven, with continued high unemployment. Many countries are emerging from the crisis with high debt burdens, low growth, and still fragile financial sectors. At the same time, economic activity in many emerging market countries has picked up, attracting large capital inflows that challenge economic policy. Important steps have been taken to make financial sectors safer around the world, but the unfinished agenda is still substantial, particularly for cross-border finance and macro-prudential regulation. All this suggests serious vulnerabilities and challenges remain, requiring continued policy cooperation and collaboration.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting, November 22, 2010

Policy Papers ◽  
2010 ◽  
Vol 2010 (82) ◽  
Author(s):  
Keyword(s):  
Employment Growth ◽  
Emerging Market ◽  
Capital Inflows ◽  
Economic Recovery ◽  
Board Meeting ◽  
Executive Board ◽  
Work Program ◽  
Emerging Market Countries ◽  
Sustainable Recovery ◽  
Global Growth

Persistent challenges: The multi-speed nature of the global economic recovery is testing the system, with strains already appearing in the form of large capital inflows to many emerging market countries and exchange rate pressures. At the same time, slow employment growth, high indebtedness, and remaining financial sector fragilities in some countries could yet derail a fragile recovery. Only cooperative approaches will succeed in relieving tensions and building a strong and sustainable recovery, based on a more balanced pattern of global growth.

scholarly journals The Interaction of Macroeconomic Variables on Capital Inflow in Emerging Market Countries in ASEAN: Panel Error Correction Model Approach

2019 ◽  
pp. 1357-1364
Author(s):  
Hasdi Aimon ◽  
Rika Utami Restihani ◽  
Anggi Putri Kurniadi
Keyword(s):  
Error Correction ◽  
Emerging Market ◽  
Error Correction Model ◽  
Capital Inflow ◽  
Capital Inflows ◽  
Short Term ◽  
Return To Equilibrium ◽  
Correction Model ◽  
Emerging Market Countries

This study investigates the short and long-term determinants of capital inflows in emerging market countries in ASEAN using the Panel Error Correction Model. This study uses panel data with a time series from 2000 to 2017 and a cross-section of five countries (Indonesia, Malaysia, Philippines, Thailand, and Vietnam). This study has three important findings. First, conditions of exchange rate, foreign reserve, and lending rate disrupt the equilibrium of capital inflow in the short term. Second, current account conditions disrupt the equilibrium in the long term. Third, capital inflow will return to equilibrium in the long term. Therefore, it is highly recommended for emerging market countries in ASEAN to stabilize the variables that disrupt the equilibrium in the long and short term to stabilize their capital inflow.

scholarly journals Sudden Stops and Capital Controls: When to Apply in Turkey

2016 ◽  
Vol 8 (4) ◽  
pp. 289
Author(s):  
Cenk Gokce Adas ◽  
F. Yesim Kartalli
Keyword(s):  
Emerging Market ◽  
Theoretical Background ◽  
Capital Inflows ◽  
Sudden Stops ◽  
Control Mechanisms ◽  
Capital Movements ◽  
Emerging Market Countries ◽  
Institutional Structures ◽  
Domestic Savings ◽  
Before And After

Emerging market countries need capital inflows to finance their current account deficits since their domestic savings are not at desired levels. Foreign direct investment is the appreciated form of capital inflows. However, indirect capital inflows can also boost growth if used in a proper manner. If a country has weak fundamentals and institutional structures or there exists an external shock, speculative foreign capital can easily and rapidly fly away while leaving a financial crisis behind. In this study, we summarize the theoretical background of sudden stops, and then try to identify the sudden stops in Turkey for 1996-2009 period and question the reasons of such disruptions. We particularly focus on periods just before and after the global financial crises. To identify a sudden stop period we use “means” and “volatilities” as well as changes in capital inflows/GDP ratios. Finally, we attempt to find out inflow control mechanisms to minimize the volatility of capital movements.

Overall Consequences of Global Crisis

2016 ◽  
Vol 2 (01) ◽  
Author(s):  
Pritam Chatterjee
Keyword(s):  
World Economy ◽  
Emerging Market ◽  
Capital Inflows ◽  
Policy Implications ◽  
Global Crisis ◽  
Average Growth ◽  
Slowing Down ◽  
The Third ◽  
Time Period ◽  
The World

The world economy started slowing down since the third quarter of 2008 leading to economic crises worldwide. GDP declined from an average growth of 3 per cent during 2003-2007 to 1.5 per cent during 2008-2012. The decline of world GDP growth was the sharpest at 42 per cent during the third quarter of 2008 to the second quarter of 2009. Not only capital inflows to developing and emerging market economies declined during this period, there has been significant shrinking of markets for developing country exports. This paper determines overall consequences and its policy implications of Global Crisis. Time period is 2003-2012, from these 2003-2007 is the pre crisis and 2008-2012 is the post crisis period. JEL CLASSIFICATIONS-, F1, F6

Evaluation of the quality of anti Tuberculosis drugs in Lusaka, Zambia

2020 ◽  
Author(s):  
Lungwani Muungo
Keyword(s):  
Infectious Diseases ◽  
Emerging Market ◽  
Emerging Market Countries ◽  
Life Saving ◽  
The World

Background: Counterfeit and substandardmedicines are a threat to health and the risks theypose have been largely underestimated to date.Almost all areas of the world are affected by theavailability of substandard and counterfeitmedicines, but mounting evidence shows that theproblem is disproportionately severe in developingand emerging market countries, which also have ahigh burden of infectious diseases. In poorcountries, essential and life-saving drugs used totreat infectious diseases such as tuberculosis andmalaria are often the drugs under threat.

THE RUSSIAN ECONOMY IN THE CONTEXT OF THE CORONAVIRUS PANDEMIC

2021 ◽  
pp. 39-63
Author(s):  
Maria Polozhikhina ◽  
Keyword(s):  
Economic Policy ◽  
Economic Activity ◽  
Developed Countries ◽  
The State ◽  
Russian Economy ◽  
The World ◽  
Crisis Conditions ◽  
Better Than

The Russian economy passed 2020 better than a number of developed countries in the world, although not without losses. The situation in 2021 remains tense: despite the vaccination of the population the coronavirus pandemic continues. In crisis conditions, much depends on the state socio-economic policy. The government’s task is not just to support economic activity and citizens, but to enter the trajectory of new qualitative growth. In this paper, the results of the actions taken in Russia are considered - in order to possibly adjust the decisions taking into account the observed trends and existing risks.

At a Glance … The World Economy

2014 ◽  
Vol 227 ◽  
pp. F2-F2
Keyword(s):  
World Economy ◽  
Emerging Market ◽  
Emerging Market Economies ◽  
List Type ◽  
Unemployment Rates ◽  
High Unemployment ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Growth Prospects

World economy will grow by 3.7 per cent in 2014 and 2015; an improvement on the 3.1 per cent last year, but still a sluggish recovery by historical standards.Growth prospects have improved in advanced economies, particularly in the US, but have deteriorated in a number of emerging market economies.High unemployment rates coupled with moderate and uneven growth raises the spectre of unexpectedly low inflation. This could greatly complicate macroeconomic policymaking.

Exchange Rates and the Working Capital Channel of Trade Fluctuations

2018 ◽  
Vol 108 ◽  
pp. 531-536 ◽  
Author(s):  
Valentina Bruno ◽  
Se-Jik Kim ◽  
Hyun Song Shin
Keyword(s):  
Exchange Rates ◽  
Market Economy ◽  
Opposite Direction ◽  
Economic Activity ◽  
Emerging Market ◽  
Manufacturing Firms ◽  
Supporting Evidence ◽  
Working Capital ◽  
Firm Level ◽  
Cross Border

Exchange rates affect the economy not only through the competitiveness of exports but also through a financial channel. The financial channel goes in the opposite direction to the competitiveness channel in that a stronger currency goes hand-in-hand with more buoyant real economic activity on the back of faster credit growth and cross-border banking flows. The effect is particularly marked for emerging market economies for the broad dollar index: a stronger dollar may actually lead to a decline in trade volumes of an emerging market economy. Our paper develops a stylized model that generates such an effect and finds supporting evidence in a firm-level investigation of manufacturing firms from Asia.

scholarly journals Steering the transition from informal to formal service provision: labor platforms in emerging-market countries

2021 ◽  
Author(s):  
Clarissa E Weber ◽  
Mark Okraku ◽  
Johanna Mair ◽  
Indre Maurer
Keyword(s):  
Informal Economy ◽  
Economic Activity ◽  
Service Provision ◽  
Qualitative Data ◽  
Emerging Market ◽  
Interactive Process ◽  
Formal Service ◽  
Emerging Market Countries ◽  
Online Labor

AbstractServices that are especially suited to being offered via online labor platforms, such as cleaning, driving and tutoring, are frequently performed in an informal way, especially in emerging-market countries. The informal economy is thus important for recruiting workers for labor platforms. Platform use, however, requires formal service provision, which workers in the informal economy often resist. Thus, labor platforms have to promote workers’ transition from informal to formal service provision. While recent studies have hinted at labor platforms’ fostering of formal economic activity, we know little about how such intermediation unfolds. We use a process lens and comprehensive qualitative data on labor platforms in Panama and Mexico to study how labor platforms steer workers to formal service provision. Detailing the interactive process of workers transitioning to formal service provision as triggered by labor platforms, we add to platform research and literature on intermediation between informal and formal economic activity.

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