US President Donald Trump's protectionist policies and frequent accusations of currency manipulation by other countries speak to the need for a universal monetary system of the type twent...

Harold James · Project Syndicate 08 Jul 2019

Global Economic Imbalances

Trade uncertainty could hurt economic development worldwide

A study has found that trade uncertainty in the first three months of the year could result in a 0.75% reduction in global growth, as well as having long-term negative impacts on trade an...

Hites Ahir, Nicholas Bloom, and Davide Furceri · VoxEU 05 Jul 2019

Banking and Capital Markets

Does Japan vindicate modern monetary theory?

Following a period of increased finance deficit spending, Japan's employed method of recovery, Modern Monetary Theory, is paying off with the economy steadily recovering. However, it does...

Koichi Hamada · Project Syndicate 04 Jul 2019

Future of Economic Progress

The massive impact of IT and software on modern business

The slowdown of productivity growth, the decline of business dynamism, and the rise of market power and firm concentration are three trends that have attracted a lot of attention in acade...

Maarten de Ridder · VoxEU 04 Jul 2019

Sustainable Development

The impact of informal businesses on the global economy

Will the spread of digital technologies will enable informal businesses to access wider markets?

Asif Islam and Filip Jolevski · World Bank 03 Jul 2019

European Union

EU leaders have chosen France's Christine Lagarde to head the ECB

Christine Lagarde has been named the new head of the European Central Bank (ECB) after European Union leaders agreed on the decision.

Gabriela Baczynska, Francesco Guarascio, and Robin Emmott · Reuters 03 Jul 2019

Workforce and Employment

Gig workers would give up half their hourly wages in exchange for a steady job

Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta.

Nikhil Datta · x 03 Jul 2019

Inclusive Growth Framework

3 ways to ensure innovation transforms the lives of the next generation

From Colombia to China, new technologies are helping communities gain unprecedented access to information and opportunity.

Cynthia McCaffrey 02 Jul 2019

Emerging Technologies

The MENA countries have fallen into the ‘middle-income trap’. Here’s how they can break out

The debate on the middle-income trap has largely focused on East Asia and Pacific countries, but the countries of Middle East and North Africa have significantly lower growth, which drops...

Rabah Arezki, Rachel Yuting Fan, and Ha Minh Nguyen · VoxEU 02 Jul 2019

International Trade and Investment

The reason behind the global surge in protectionism

This column suggests that people often react by demanding trade protection when faced with shocks that generate unemployment, with the largest effects observed when it is caused by import...

Rafael Di Tella and Dani Rodrik · VoxEU 02 Jul 2019

European Union

Trade shocks, growth, and resilience: Eastern Europe’s adjustment tale

The EU11 economies are among the most open economies globally. The process of trade integration and the creation of GVCs have also drove a significant inflow of FDI into these countries.

Marco Buti and István Székely · VoxEU 01 Jul 2019

India

What India’s cities show us about improving urban mobility

Urban transportation in developing countries is prioritised for massive investments, yet little is known about the determinants of urban mobility in these countries.

Prottoy A. Akbar, Victor Couture, Gilles Duranton, and Adam Storeygard · VoxEU 01 Jul 2019