IMF Finance & Development Magazine

Before its dramatic collapse, most people barely knew that something called the global supply chain even existed, much less understood how much their daily lives depended on it. Economics reporter Peter S. Goodman covered the unfolding disaster for the New York Times, and has written a book called How the World Ran Out of Everything. Read F&D magazine’s review here ➡️ https://lnkd.in/e2CMJX5n

What is modern industrial policy? According to Mariana Mazzucato in F&D, it means pushing economies toward ambitious goals while leaving open the question of how to reach those goals. Read this article here ➡️ https://lnkd.in/eTHAkK-8

Prosperity, progress and hope comes from countries working together, Gordon Brown, former UK prime minister, writes in F&D. Read the article ➡️ https://lnkd.in/eq_ZB_dj

Weekend read 📚 In their recent book Breaking the Mold: India’s Untraveled Path to Prosperity, Raghuram G. Rajan and Rohit Lamba argue that India’s future development strategy should focus on services rather than the export-led manufacturing favored by many advanced and emerging market economies in the past. The authors argue this approach would be more aligned with India’s strengths and comparative advantage. Read the review in F&D magazine ➡️ https://lnkd.in/ebmVqhxM

Why do some nations experience mass economic flourishing while others do not? Why did several Western nations—first the United Kingdom, then the United States, France, and Germany—see a remarkable period of innovation, economic growth, and human progress beginning about 1890? Writing in F&D magazine, Nobel laureate and Columbia University professor Edmund Phelps says that well-performing nations acquired higher levels of dynamism—the desire and capabilities of the nation’s people to innovate. Read more ➡️ https://lnkd.in/ekfHVxuE

F&D magazine congratulates Daron Acemoglu, Simon Johnson, and James Robinson on being awarded the Nobel Memorial Prize in Economic Sciences. Check out Acemoglu and Johnson’s recent article in F&D magazine. https://lnkd.in/eJyiD_fY

AI is our best chance at relaxing the supply-side constraints that have contributed to slowing growth, new inflationary pressures, rising costs of capital, fiscal distress and declining fiscal space, and challenges in meeting sustainability goals. This is because AI has the potential not only to reverse the downward productivity trend, but over time to produce a major sustained surge in productivity, writes Nobel laureate Michael Spence in the latest issue of F&D. 

What caused the recent inflation surge? As the pace of inflation slows, a look back at the recent surge shows its rise and fall reflected primarily global drivers, but local circumstances mattered too. That's the conclusion of a recent IMF study featured in the latest edition of Finance & Development, the Fund's quarterly magazine. Read more ➡️ https://lnkd.in/d8iSqWCs

In more than half of the world’s countries and areas, which account for about two-thirds of the global population, fertility rates have dropped below the replacement level of 2.1 children per woman. This demographic shift poses significant challenges for many economies, from shrinking workforces to increased pressure on social support systems. How will these changes affect the future of our global economy? 🌍 Explore our latest visual article that dives into the global fertility decline and its economic impact.

Worry-free retirement? Planning for retirement in today’s economy is complicated. We live longer (life expectancy is double what it was in 1900) and the secure job-for-life with built-in retirement plan is a thing of the past. Economist Olivia S Mitchell says there can be a “silver dividend” to living longer but only if we plan for it. Mitchell wrote the book on retirement and modern pension research, and you might be surprised about when she says we should stop working. Read this piece ➡️https://lnkd.in/eUtZuP88