Prospects for Low Income Developing Countries
Min Zhu discussed the IMF’s new study on Low Income Developing Countries, economic consequences of the outlook, and the policy options available. […]
South Asia
The End of Convergence?
Convergence, the narrowing of the income gap between poor and rich countries, is one of the great stories of our time. A recent report shows that convergence has slowed in recent years, and that productivity in developing countries is not rising rapidly enough in key sectors. […]
Emerging Markets Will Not Sink the World Economy
The difficulties of emerging nations are unlikely to become so severe as to endanger the global recovery. […]
The Economic Outlook in Southeast Asia
Economic disparities and a widening development gap both among and within Southeast Asian nations are among the most pressing issues facing the region. […]
Emerging Markets Unite!
A new initiative by the BRICS coalition of emerging countries, intended to establish a new development bank, will rival traditional development groups such as the IMF and World Bank and may shift the balance of power of the world’s economy. […]
In Search of the Global Middle Class: A New Index
The number of passenger cars in circulation can act as a direct measure of the middle class in developing countries. […]
The Global Middle Class is Bigger Than We Thought
Using car ownership as a proxy for purchasing power indicates that the global middle class is about 50 percent larger than typically assumed, with important implications for geopolitics and economics. […]
The Next World Bank President
The new World Bank president, an American once again, was selected through a process that was far from competitive. However, the presence of two developing world candidates in this year’s field may be a sign that the tide is turning. […]
The World Bank Head Hunt
Over three dozen ex-World Bank officials have backed Nigerian finance minister Ngozi Okonjo-Iweala’s bid for the World Bank’s presidency. But does she stand a real chance of becoming the institution’s first non-U.S. leader? […]
Will the Emerging Markets Boom Last?
Over the past 20 years, emerging economies have not only grown faster than advanced countries, but outperformed market expectations–leading to significant returns on investment. Whether this will be the case in the future remains to be seen. […]