Blog

Growth Escalators and Growth Convergence

| 5 September 2014
Trade, Blog | Tags: Development, Services Trade
This article was first published on VoxEU.org and is republished with permission. The literature on global growth convergence and divergence is vast and deep. And it is still evolving. Some have argued that global growth is actually diverging across countries. Pritchett (1977) called this “divergence, ... continue reading

TTIP and Jobs: Does the Emperor Have Clothes?

| 21 August 2014
Trade, Blog | Tags: Employment, Services Trade, TTIP
With negotiations of the Transatlantic Trade and Investment Partnership (TTIP) in full swing, policymakers across the Atlantic are reiterating calls for more support of an agreement.  In the wake of increasing public criticism of the plans for a deal, notably in Europe, policymakers are under ... continue reading

Does Inflation Really Hurt the Poor More than the Rich?

| 26 May 2014
Monetary, Blog | Tags: Inequality, Inflation
After being neglected for decades, income and wealth inequality are back at the center of economic discussions. Recent work by the IMF, renowned economists like Joseph Stiglitz (e.g. in his book “The Price of Inequality”), as well as the lively debate generated by Thomas Piketty’s ... continue reading

Bali Boost: WTO Lives, Snatched for Now From Jaws of Defeat

| 23 December 2013
Trade, Blog | Tags: WTO
It would be churlish not to congratulate the WTO and especially Roberto Azevêdo, its dynamic director-general, for successfully passing a “Bali package” at the Indonesian resort well past the 11th hour on 7 December. The WTO Doha Round, launched in the Qatari capital in 2001, ... continue reading

Africa Could Become the World’s Next Powerhouse

| 26 September 2013
Fiscal, Trade, Blog | Tags: Africa, Commodities, Taxes
“A winning Africa!” “Thousands of Portuguese workers emigrate to the former colony of Angola in search of work.” Headlines such as these are a perfect illustration of the Afro-optimism that has gripped the media these last few years. In an Africa courted by foreign investors, ... continue reading