Front Matter Page
F&D
FINANCE & DEVELOPMENT
A Quarterly Publication of the International Monetary Fund
June 2017 | Volume 54 | Number 2
Front Matter Page
F&D
FINANCE & DEVELOPMENT
A Quarterly Publication of the International Monetary Fund
EDITOR-IN-CHIEF:
Camilla Lund Andersen
MANAGING EDITOR: Marina Primorac
SENIOR EDITORS:
Gita Bhatt
Jacqueline Deslauriers
Natalie RamÃrez-Djumena
Nagwa Riad
James L. Rowe, Jr.
Rani Vedurumudi
Chris Wellisz
ONLINE EDITOR: Marie Boursiquot
ASSISTANT EDITORS:
Bob Ahmed
Eszter Balázs
Niccole Braynen-Kimani
Maureen Burke
Bruce Edwards
Maria Jovanović
Nadya Saber
PRINT/WEB PRODUCTION SPECIALIST: Lijun Li
EDITORIAL ASSISTANTS:
Suzanne Alavi
Aisha Shaikh
COPY EDITOR: Lucy Morales
ADVISORS TO THE EDITOR:
Bernardin Akitoby
Celine Aliard
Bas Bakker
Steven Barnett
Nicoletta Batini
Helge Berger
Paul Cashin
Adrienne Cheasty
Luis Cubeddu
Alfredo Cuevas
Thomas Helbling
Tommaso Mancini Griffoli
Gian Maria Milesi-Ferretti
Inci Otker-Robe
Laura Papi
Catriona Purfield
Uma Ramakrishnan
Abdelhak Senhadji
Alison Stuart
© 2017 by the International Monetary Fund. All rights reserved. For permission to reproduce any F&D content, submit a request via online form (www.imf.org/external/terms.htm) or by e-mail to copyright@imf.org. Permission for commercial purposes also available from the Copyright Clearance Center (www.copyright.com) for a nominal fee.
Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.
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The English edition is printed at Dartmouth Printing Company, Hanover, NH.
Finance & Development is published quarterly by the International Monetary Fund, 700 19th Street NW, Washington, DC 20431, in English, Arabic, Chinese, French, Russian, and Spanish. English edition ISSN 0145-1707
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Contents
Millennials are increasingly looking to find their way in the sharing economy.
MILLENNIALS AND THE FUTURE OF WORK
An Uncertain Future
Along with exciting new possibilities, millennials face a whole different set of obstacles
Maureen Burke
The Future of Work
The digital economy will sharply erode the traditional employer-employee relationship
Arun Sundararajan
Straight Talk: The Voice of Youth
Adapt, adjust, and never stop learning
Christine Lagarde
Pension Shock
Young adults in advanced economies must take steps to increase their retirement income security
Mauricio Soto
Education for Life
Labor markets are changing, and millennials must prepare and adjust
Nagwa Riad
Playing Catch-up
Youth today are not building wealth the way their parents did
Lisa Dettling and Joanne W. Hsu
In Their Own Words
Millennials reflect on the key challenges facing their generation
Niccole Braynen-Kimani and Maria Jovanović
ALSO IN THIS ISSUE
Cash Is Dead, Long Live Cash
Virtual payments are fast displacing cash, but not completely and not everywhere
Alan Wheatley
Capital Slowdown
Investment growth in emerging market and developing economies has been sluggish since 2010
M. Ayhan Kose, Franziska Ohnsorge, and Lei Sandy Ye
When Money Can No Longer Travel
Correspondent banking relationships, which facilitate global trade and economic activity, have been under pressure in several countries
Andreas Adriano
Beyond the Headlines
Migration from sub-Saharan Africa has far-ranging effects on home and host countries alike
Jesus Gonzalez-Garcia and Montfort Mlachila
From Hungry to Hefty
Obesity and diabetes threaten emerging market economies, but the right policies can help
Eduardo J. Gómez
Beating Back Ebola
Nimble action on the economic front was key to overcoming the health crisis
Mehmet Cangul, Carlo Sdralevich, and Inderjit Sian
DEPARTMENTS
People in Economics
Prophet of Pessimism
Chris Wellisz profiles Robert J. Gordon, who predicts a slowdown in innovation will take a toll on economic progress
Picture This
Fueling Reform
Energy subsidy reforms are challenging, but many countries are making progress
Maria Jovanović
In the Trenches
Window of Opportunity
Leszek Balcerowicz explains why it’s important to move quickly when citizens are willing to embrace change
Book Reviews
Trading Barriers: Immigration and the Remaking of Globalization, Margaret E. Peters
The First Serious Optimist: A. C. Pigou and the Birth of Welfare Economics, Ian Kumekawa
Currency Notes
A Pretty Peso
Colombia showcases its rich culture on the newest member of its family of banknotes
Nadya Saber
