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4th Industrial Revolution
Global Issue
Industry
Economy
4th Industrial Revolution
Public Finance and Social Protection
Explore context
The Great Reset
Why bailing out companies doesn't help people recover from economic shocks of COVID-19
To build resilience and alleviate consequences of recessions, governments should realign incentives for companies and focus spending on social protection.
United States
Wage gaps are costing the U.S. economy trillions of dollars
Citigroup has published a new report estimating the US has lost around $16 trillion dollars since 2000, due to racial inequality.
SDG 08: Decent Work and Economic Growth
How does the COVID recession compare?
Although every recession is different, history offers lessons for the current pandemic-induced downturn, writes economist Michael Boskin.
China
China's hidden crisis: caring for an aging population
In 2050, it's expected that one-third of China's population will be over the age of 60. This will put immense pressure on the nation to support an aging population.
United States
The majority of Americans are against a universal basic income - study
A narrow majority, 54% of Americans, are opposed to the idea of a universal basic income (UBI). Within this, there are stark contrasts between certain demographics.
Public Finance and Social Protection
5 types of fintech startups that can drive financial inclusion
Fintech startups are offering new, innovative services to increase financial inclusion.
Information Technology
Cloud technology is transforming public services. This is how
Cloud computing became a lifeline for many governments during COVID-19. Here's how it can support vital services from emergency hotlines to online education.
Migration
4 critical steps for fighting a historic remittance decline in South Asia
Payments back home from migrants could see a $400 billion drop this year. Here's how to prevent this historic decline and ease the economic recovery.
COVID-19
Gold eyes $2,000 mark in speedy record-breaking run
Following on from the fiscal response by governments and central banks, the price of gold has reached an all-time high. However, it has been predicted this rise could precede a fall.
COVID-19
Gold eyes $2,000 mark in speedy record-breaking run
Following on from the fiscal response by governments and central banks, the price of gold has reached an all-time high. However, it has been predicted this rise could precede a fall.
COVID-19
IMF chief: How policymakers can ensure a resilient COVID-19 recovery
Fiscal measures of about US$11 trillion have put a floor under the global economy. But further action is needed, the IMF's Kristalina Georgieva writes.
Development Finance
IMF: Fiscal policies to support governments now - and in future
It is vital fiscal policy remains flexible and is properly managed until the end of the Great Lockdown, write two economists from the IMF.
COVID-19
Joseph Stiglitz on priorities for the post-COVID economy
Governments are having to constantly adapt fiscal policies to support both vulnerable people and businesses during COVID-19. It's vital a green recovery is part of policymakers' plans.
COVID-19
How COVID-19 is rapidly evolving digital financial inclusion
Lockdowns and social distancing are accelerating the use of digital financial services, just as the SARS epidemic in 2003 hastened China’s launching of digital payments and e-commerce.
Public Finance and Social Protection
Remittances could fall by $100 billion because of COVID-19 – here’s why that matters
At least 60 low- and middle-income countries depend on remittances for more than 5% of GDP. But this vital source of income is under threat.