Financial and Monetary Systems

Global natural wealth is shifting. Here's why.

Workers unload coal from a supply truck at a yard on the outskirts of the western Indian city of Ahmedabad April 15, 2015. Fewer power cuts are likely in India this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May. Fast-track mine approvals, tighter production oversight and more flexibility in coal sales have helped power station stocks recover from a six-year low hit in October, vindicating Modi's pitch to voters as the state leader who brought round-the-clock power to industrial Gujarat.   REUTERS/Amit Dave  - RTR4XIGO

Global natural wealth has shifted from North to South over the past decades. Image: REUTERS/Amit Dave

Rabah Arezki
Chief of Commodities, Research Department, IMF
Rick van der Ploeg
Professor of Economics, University of Oxford
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Financial and Monetary Systems

 Proven oil reserves are rising much faster in non-OECD than in OECD countries
Image: VOX EU
 Discoveries increase after opening up of the economies (controlling for country, year and mineral fixed effects)
Image: VOX EU
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Financial and Monetary SystemsEconomic Progress
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