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Klaus Schwab: What Kind of Capitalism Do We Want?
What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly. Generally speaking, we have three models to choose
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Mohamed A El-Erian: How the IMF Can Battle Gradual Irrelevance
This year, I didn’t attend the October annual meetings of the International Monetary Fund and the World Bank in Washington, DC. Instead, I paid close attention to reports of the gathering and talked to people who were there whom I
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Jim O’Neill: The Return of Fiscal Policy
As we enter the last quarter of 2019 (and of the decade), cyclical indicators point to a slowing world economy amid wide-ranging structural challenges. There are plenty of issues to keep one up at night, be it climate change, antimicrobial
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EBRD: Investing in Sustainable Infrastructure Helps Advance the UN’s SDG Agenda
At the beginning of this year, the European Bank for Reconstruction and Development (EBRD) created the Sustainable Infrastructure Group (SIG). The bank merged its energy and infrastructure businesses to capitalise on synergies between these sectors. It delivers investments that ensure
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World Bank on Social Protection in Africa: Can Safety Nets Close the Poverty Gap in Burkina Faso and Ensure Family Welfare?
With focused and courageous policy decisions, Burkina Faso’s government can cover the country’s poor with an effective and efficient safety net. This end is achievable simply by realigning and better targeting existing expenditures. The reallocation of energy subsidies that mainly
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Malpass Shows Pragmatism and Relevant Smarts in his New Role
Some critics see the nomination and election of the new president of the World Bank, David Malpass, as a continuation of the Trump administration’s stance on multilateral institutions and China. David Malpass saw President Donald Trump as an agent of
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Mohamed A El-Erian: America’s Unusual Recovery is Now Also its Longest
Data released over the next few months will show that the current US economic expansion is the longest on record. But while the United States continues to outperform other advanced economies, this success has yet to dispel many Americans’ persistent
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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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UNCDF: Revolutionising International Municipal Finance is Focus of Bid to Tackle Climate Change and Open Global Markets
“They have been drivers of progress throughout history, and now – as the knowledge economy takes full flight – they are poised to play a leading role in addressing the challenges of the 21st Century,” wrote former Mayor of New
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The Importance of Promoting Financial Stability and Growth through International Regulatory Coherence
By Nandini Sukumar, Chief Executive Officer, The World Federation of Exchanges One of the World Federation of Exchanges’ (WFE) strategic priorities for 2019 is the issue of regulatory coherence. The primary reason for this is that the WFE and its
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