This Selected Issues paper focuses on the adoption of new technology and globalization in the United States of America, and assesses the change in the productivity growth and revised estimates, the developments in the labor market, equity prices, and the technology boom. The paper analyzes how the monetary policy influences economic conditions in emergency markets; reviews the developments in financial consolidation; discusses the key provisions contained in the Gramm-Leach-Bliley (GLB) Act, the implications of the GLB Act for financial consolidation, and regulatory and supervisory practices.
International Monetary Fund. External Relations Dept.
Over the next 25 years, vast numbers of workers in the developing countries will need to find jobs outside agriculture, which is now their main source of employment. Although many of these countries are developing a viable and growing industrial sector, employment in industry has not expanded correspondingly. This article examines why this has happened and discusses the Bank’s attempts to increase employment opportunities by encouraging the development of small local enterprises, as part of its program to reach the absolute poor.