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International Monetary Fund. Communications Department
Finance and Development
International Monetary Fund. Communications Department
This paper discusses that from shifting demographics to climate change, Southeast Asia confronts a host of challenges. Summoning them will require both resilience and flexibility. Advances in artificial intelligence, including robotics, together with innovations such as 3-D printing and new composite materials, will transform manufacturing processes, making them less labor-intensive while creating opportunities for new products. This will enable new ways of making things and change the drivers of competitiveness. There will be indirect effects as well. For example, aircraft manufacturers, taking advantage of new composite materials such as carbon fibers, have developed a class of superlong-haul aircraft that could bring more tourists to Southeast Asia as relatively cheap point-to-point travel options emerge. The region should still enjoy synergies from globalization and other modes of economic integration, but the form and shape of such integration could change. For Southeast Asia, the next couple of decades could prove exhilarating in terms of the opportunities presented by technology and global growth, but also tumultuous because of the continuing risks, such as those posed by an unreformed and unstable international financial architecture. There clearly is much hard work to be done. Policymakers still have not gotten everything right, but they are heading in the right direction.
International Monetary Fund. External Relations Dept.
Climate Change: Stimulating a Green Recovery” looks at the global problem of climate change. With the world apparently on an economic recovery path, policymakers are looking at ways to limit the impact of climate change through broad international action. One of the challenges is to balance actions to mitigate climate change with measures to stimulate growth and prosperity. This issue of F&D also examines a variety of issues raised by the crisis—including the future of macroeconomics, explored by William White, former chief economist at the Bank for International Settlements, and the longer-term impact of the crisis on the United States, the world’s largest economy. Our “People in Economics” profile spotlights Joseph Stiglitz, the Nobel Laureate who “can’t get any respect at home.” We also look at the need for rebalancing growth in Asia, which is leading the world out of recession, and we interview five influential Asians on the region’s fragile rebound. We turn our “Straight Talk” column over to Barbara Stocking of Oxfam, who makes a forceful case for stepping up help to the most vulnerable around the world. “Data Spotlight” looks at trends in inflation, which has fallen into negative territory in some countries during the crisis, and in “Point-Counterpoint,” two experts discuss the pros and cons of remittances—funds repatriated by migrant workers to family and friends back home. “Back to Basics” gives a primer on international trade.
International Monetary Fund. External Relations Dept.
Au sommaire de ce numéro, intitulé « La lutte contre le changement climatique au service d'une reprise verte » : le problème mondial du changement climatique. Maintenant que l'économie mondiale semble sur la voie de la reprise, les dirigeants cherchent à limiter les effets du changement climatique en agissant à l'échelle internationale. Ils devront en particulier concilier les mesures visant à atténuer les effets du changement climatique et les actions à mener pour stimuler la croissance et assurer la prospérité. Ce numéro de F&D aborde plusieurs questions soulevées par la crise : l’avenir de la macroéconomie, sur lequel s’interroge William White, ancien économiste en chef à la Banque des règlements internationaux, et les effets à long terme de la crise sur les États-Unis, la plus grande économie du monde. La rubrique «Paroles d’économistes» est consacrée à Joseph Stiglitz, le lauréat du prix Nobel qui «n’arrive pas à être respecté chez lui». Nous examinons aussi la nécessité de rééquilibrer la croissance en Asie, première région du monde à sortir de la récession, et cinq personnalités asiatiques influentes donnent leur avis sur le redressement fragile de la région. Dans la rubrique «Entre nous», Barbara Stocking, d’Oxfam, présente des arguments forts en faveur d’un accroissement de l’aide pour les plus démunis. «Gros plan» examine l’évolution de l’inflation, qui est devenue négative dans certains pays pendant la crise et dans «Le pour et le contre», des experts proposent des points de vue différents sur les envois de fonds des travailleurs émigrés à leur famille et amis restés au pays. « L’ABC de l’économie » explique les principes du commerce international.
International Monetary Fund. External Relations Dept.
Climate Change: Stimulating a Green Recovery” looks at the global problem of climate change. With the world apparently on an economic recovery path, policymakers are looking at ways to limit the impact of climate change through broad international action. One of the challenges is to balance actions to mitigate climate change with measures to stimulate growth and prosperity. This issue of F&D also examines a variety of issues raised by the crisis—including the future of macroeconomics, explored by William White, former chief economist at the Bank for International Settlements, and the longer-term impact of the crisis on the United States, the world’s largest economy. Our “People in Economics” profile spotlights Joseph Stiglitz, the Nobel Laureate who “can’t get any respect at home.” We also look at the need for rebalancing growth in Asia, which is leading the world out of recession, and we interview five influential Asians on the region’s fragile rebound. We turn our “Straight Talk” column over to Barbara Stocking of Oxfam, who makes a forceful case for stepping up help to the most vulnerable around the world. “Data Spotlight” looks at trends in inflation, which has fallen into negative territory in some countries during the crisis, and in “Point-Counterpoint,” two experts discuss the pros and cons of remittances—funds repatriated by migrant workers to family and friends back home. “Back to Basics” gives a primer on international trade.
International Monetary Fund. External Relations Dept.
En “Cambio climático: Estimular una recuperación verde” se aborda el problema del cambio climático. Con la recuperación de la economía mundial aparentemente en marcha, las autoridades buscan maneras de limitar el impacto del cambio climático con medidas internacionales de gran alcance. Uno de los desafíos es conjugar las medidas para mitigar el cambio climático con las medidas en pro del crecimiento y la prosperidad. En este número de F&D se examinan además otras cuestiones planteadas por la crisis, como el futuro de la macroeconomía, en un artículo de William White, ex Economista Jefe del Banco de Pagos Internacionales; y el efecto a largo plazo de la crisis en Estados Unidos, la economía más grande del mundo. En “Gente del mundo de la economía” se entrevista a Joseph Stiglitz, el premio Nobel que “no es nada respetado en su propio país”. Analizamos también la necesidad de reequilibrar el crecimiento en Asia, que está a la cabeza de la recuperación mundial, y entrevistamos al respecto a cinco influyentes personajes de esa región. En “Hablando claro”, Barbara Stocking, de Oxfam, presenta argumentos de peso para incrementar la ayuda a los más vulnerables del mundo. En “Un vistazo a las cifras” se analizan las tendencias de la inflación, que cayó en terreno negativo en algunos países durante la crisis; y en “Punto y contrapunto” dos expertos debaten las ventajas y desventajas de las remesas de los trabajadores emigrantes a sus familias y amigos. En “Vuelta a lo esencial” se repasan aspectos básicos del comercio internacional.
International Monetary Fund. External Relations Dept.
Climate Change: Stimulating a Green Recovery” looks at the global problem of climate change. With the world apparently on an economic recovery path, policymakers are looking at ways to limit the impact of climate change through broad international action. One of the challenges is to balance actions to mitigate climate change with measures to stimulate growth and prosperity. This issue of F&D also examines a variety of issues raised by the crisis—including the future of macroeconomics, explored by William White, former chief economist at the Bank for International Settlements, and the longer-term impact of the crisis on the United States, the world’s largest economy. Our “People in Economics” profile spotlights Joseph Stiglitz, the Nobel Laureate who “can’t get any respect at home.” We also look at the need for rebalancing growth in Asia, which is leading the world out of recession, and we interview five influential Asians on the region’s fragile rebound. We turn our “Straight Talk” column over to Barbara Stocking of Oxfam, who makes a forceful case for stepping up help to the most vulnerable around the world. “Data Spotlight” looks at trends in inflation, which has fallen into negative territory in some countries during the crisis, and in “Point-Counterpoint,” two experts discuss the pros and cons of remittances—funds repatriated by migrant workers to family and friends back home. “Back to Basics” gives a primer on international trade.
International Monetary Fund. External Relations Dept.
Climate Change: Stimulating a Green Recovery” looks at the global problem of climate change. With the world apparently on an economic recovery path, policymakers are looking at ways to limit the impact of climate change through broad international action. One of the challenges is to balance actions to mitigate climate change with measures to stimulate growth and prosperity. This issue of F&D also examines a variety of issues raised by the crisis—including the future of macroeconomics, explored by William White, former chief economist at the Bank for International Settlements, and the longer-term impact of the crisis on the United States, the world’s largest economy. Our “People in Economics” profile spotlights Joseph Stiglitz, the Nobel Laureate who “can’t get any respect at home.” We also look at the need for rebalancing growth in Asia, which is leading the world out of recession, and we interview five influential Asians on the region’s fragile rebound. We turn our “Straight Talk” column over to Barbara Stocking of Oxfam, who makes a forceful case for stepping up help to the most vulnerable around the world. “Data Spotlight” looks at trends in inflation, which has fallen into negative territory in some countries during the crisis, and in “Point-Counterpoint,” two experts discuss the pros and cons of remittances—funds repatriated by migrant workers to family and friends back home. “Back to Basics” gives a primer on international trade.
International Monetary Fund. External Relations Dept.
Ce numéro, intitulé « Gouvernance mondiale : qui donne le ton ? », se penche sur les enjeux — en matière de finances, de santé, d'environnement et de commerce — auxquels la communauté internationale est confrontée au XXIe siècle, et demande si le système de gouvernance mondiale actuel est équipé pour y faire face. L'article principal allègue que le système qui a servi de modèle pour la plus grande partie du XXe siècle est obsolète, et examine ce qu'il faut faire pour le renforcer. Les autres articles sur ce thème abordent la récente crise sur le marché américain des subprimes, les différences entre les crises financières des XIXe et XXe siècles et ce que l'avenir nous prépare, la nécessité d'un système plus robuste pour le commerce multilatéral, et la gestion des menaces mondiales qui pèsent sur la santé. La rubrique « Paroles d'économistes » est consacrée à Michael Kremer ; « Pleins feux » décrit l'évolution de la composition de l'aide au développement ; la rubrique « Gros plan » porte sur les Émirats arabes unis ; et « Entre nous » est consacré à l'impact de la hausse des prix des produits alimentaires. Les autres articles de cette édition portent sur le développement en Afrique et sur la reconstruction de données rétrospectives en Amérique latine.
International Monetary Fund. External Relations Dept.
El gobierno internacional: ¿Quién está a cargo? Examina los desafíos -financieros, de la salud, el medio ambiente y el comercio- que enfrenta la comunidad internacional en el siglo XXI y se pregunta si el actual sistema de gobernanza internacional estará equipado para atenderlos. En el artículo principal se afirma que el régimen que sirvió de modelo para una gran parte del siglo XX está desactualizado y se explora la necesidad de fortalecerlo. En otros artículos sobre el mismo tema se analiza la reciente crisis del mercado de hipotecas de alto riesgo de Estados Unidos, las diferencias entre las crisis financieras del siglo XIX y el siglo XX y la forma que adoptarán las crisis del futuro, la necesidad de un sistema de comercio multilateral más sólido y la manera de abordar las amenazas para la salud mundial. En la sección "Gente del mundo de la economía" se traza una semblanza de Michael Kremer; "Bajo la lupa" ilustra el nuevo panorama de la ayuda; la sección "Panorama nacional" se centra en los Emiratos Árabes Unidos; y en "Hablando claro" se analiza el impacto del alto precio de los alimentos. En este número también se examina el desarrollo en África y la "retroproyección" de los datos correspondientes a América Latina.