Author: Otaviano Canuto
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Turning Promises Into Reality – The Business Case for Gender Equality in Achieving the SDGs
By Paula Tavares and Otaviano Canuto As world leaders gathered this month for high-level talks at the 74th United Nations General Assembly, pressing global issues were at the forefront of discussions, including progress toward the 2030 Agenda and the
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Otaviano Canuto, Center for Macroeconomics and Development: Is There a Middle-Income Trap?
The “middle-income trap” has become a broad designation trying to capture the many cases of developing countries that succeeded in evolving from low- to middle-levels of per capita income, but then appeared to stall, losing momentum along the route toward
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Otaviano Canuto, Center for Macroeconomics and Development: China’s Rebalancing Act is Slowly Addressing Sliding Growth Figures
China’s economic growth has been sliding since 2011, while its economic structure has gradually rebalanced toward lower dependence on investments and current-account surpluses. Steadiness in that trajectory has been accompanied by rising levels of domestic private debt, as well as
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Otaviano Canuto, Center for Macroeconomics and Development: How to Heal the Brazilian Economy
If I were to encapsulate the current situation of the Brazilian economy in one sentence, I would say: “It is suffering from a combination of ‘productivity anemia’ and ‘public sector obesity’”. On the one hand, the country’s mediocre productivity performance
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Otaviano Canuto, World Bank: Making Returns on Knowledge – How Innovation Can Flow from Globalisation
The April issue of the International Monetary Fund’s World Economic Outlook (WEO) included a chapter on how globalisation has helped technology leaders’ knowledge spread faster. Cross-border technological diffusion has not only contributed to rising domestic productivity levels in advanced and
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Otaviano Canuto, World Bank: Can Services Replace Manufacturing as an Engine for Development?
Manufacturing expansion has been a vehicle for job creation, productivity increases, and growth in non-advanced economies since the second half of the last century. First in Latin America, followed by Asia, and a renewal of production systems in Eastern Europe,
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Otaviano Canuto, World Bank: Overlapping Globalisations
Current technological developments in manufacturing are likely to lead to a partial reversal of the wave of fragmentation and global value chains that was at the core of the rise of North-South trade from 1990 onward. At the same time,
Read More Otaviano Canuto, World Bank: The Metamorphosis of Financial Globalisation
After a strong rising tide starting in the 1990s, financial globalisation seems to have reached a plateau since the global financial crisis. However, that apparent stability has taken place along a deep reshaping of cross-border financial flows, featuring de-banking and
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Otaviano Canuto, World Bank: Matchmaking Finance and Infrastructure
The world economy – and emerging market and developing economies in particular – display a gap between their infrastructure needs and the available finance. On the one hand, infrastructure investment has fallen far short from of what would be required
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Otaviano Canuto & Matheus Cavallari, World Bank: 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. However, the fact that one
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