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. […]
Southeast Asia
Japan and U.S. Perspectives on Southeast Asia Development
Seventy years after World War II, Southeast Asia stands at a crossroads amid multilateral trade negotiations, economic integration initiatives, political turmoil, and the establishment of new development institutions and regional governance frameworks. […]
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? […]
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. […]
Asian Development Outlook 2013
The Asia and the Pacific region continues to be the global growth leader even as it faces significant development challenges and downside risks. […]
The Rise of Emerging Markets Requires a New WTO
World trade is expanding rapidly, helping forge modern industrial sectors in emerging economies. Managing this evolving global trading system requires new leadership from the World Trade Organization. […]
Renminbi Revaluation: Will Other Asian Currencies Follow?
An appreciation of the renminbi is not the catch-all solution some claim it to be. If China were to revalue its currency, a widespread appreciation of Asian currencies would not follow, nor would the U.S. current account deficit benefit. […]
The Rise of Emerging Markets Requires a New WTO
The ascendance of emerging economies has altered the fundamentals of international trade, creating an urgent need for the World Trade Organization to play a more proactive and substantive role in this new world. […]
Juggernaut: How Emerging Markets Are Reshaping Globalization
In the years to come, the rise of emerging economies will reshape the global economic landscape. This monumental shift will enhance prosperity but also create great tensions that could stop progress in its tracks. […]