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
Share:
Our Impact
The Big Picture
Explore and monitor how Financial and Monetary Systems is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

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
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Financial and Monetary SystemsEconomic Progress
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

More on Financial and Monetary Systems
See all

Policy Action to Mobilize Climate Finance, and Market Responses

What are green bonds and why is this market growing so fast?

Patrick Henry and Madeleine North

November 22, 2023

About Us

Events

Media

More from the Forum

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum