Trade, Development, and Inequality
The most powerful underlying force driving increased inequality is not trade by itself but skill-biased technological change. […]
Economic Instability
Asia’s Economic Outlook: A View From the IMF
Though Asia remains the fastest growing region globally, its growth rate is slowing. Are the policies of countries in the region robust enough to deal with external exigencies, and how successful will they be? […]
What Companies Want from the World Trading System
The world needs trade and investment to drive growth and development. Trade and investment activity, in turn, results from individual commercial decisions taken by businesses around the world. […]
What Should Be Done About the Great Trade Slowdown?
Policymakers must continue to guard against protectionism, and also deepen their country’s connections to the world through better transport, communications, and Internet links. […]
Oil Price Trends and Global Implications
The sharp drop in oil prices is one of the most important global economic developments over the past year. While oil’s long term price outlook remains highly uncertain, a substantial part of its decline is expected to persist into the medium term […]
Global Economic Perspectives: A fragile global recovery
Led by the United States, and helped by lower oil prices and a lower US dollar, most of the industrial economies are now in recovery mode. […]
Greece, Complacency, and the Euro
The euro may not be doomed, but those who want to believe that the crisis is over cannot afford to be foolishly complacent, either. […]
Economic Integration in the Time of Turmoil
Economic integration is crucial in order to achieve rapid and sustainable growth. However, instabilities in the Middle East and North Africa and the recent plunge in oil prices may stifle economic progress. […]
How Should We Respond to Lower Oil Prices?
The politics of raising fuel taxes and simultaneously giving American households an income tax break may be impractical, but the economic logic of doing so remains compelling. […]
Will China Derail the Global Recovery?
The short-term China risk must be watched,but the likelihood of a major economic crisis in China spilling over onto the rest of the world and derailing the global recovery is low. […]