Economy

This paper was originaly published on sciencedirect.com   This paper introduces a novel empirical approach, combining sigma convergence and sigma counterfactual statistics, to examine the dynamics of structural transformation in Morocco from 1990 to 2018. The findings reveal that Morocco experienced structural transformation driven by labor productivity reallocation across sectors during specific sub-periods (1991–1993, 1996–1997, and 1998–2003). However, this process came to an a ...

Last week marked my twenty-third consecutive week attending the World Bank and IMF Spring Meetings in Washington, DC. While I no longer participate in the official sessions, I continue to be invited to the many side conventions and debates that surround them. A key moment is always the release of the IMF's World Economic Outlook report. This year, it drew particular attention due to curiosity about how the institution would project the impacts of the tariff war initiated by Trump’s ...

This Opinion was originally published in Project Syndicate As the US-China rivalry intensifies, both powers are courting mineral-rich African countries in an effort to secure critical raw materials. Translating Africa's vast natural-resource wealth into lasting development requires an infrastructure-led strategy that delivers long-term value for local communities. ...

The author of this opinion, Danielle Alakija, is a 2024 alumna of the Atlantic Dialogues Emerging Leaders Program. Once upon a time—or so the story went—the Global South was cast to the margins of the global development narrative. Assigned a supporting role in someone else’s story, it was exploited for its resources and subdued by the authoritative tone of external narrators. This image, painted in tones of crisis and dependency, continues to echo through textbooks and news cycles. ...

The author of this opinion, Isabela Carvalho, is a 2018 alumna of the Atlantic Dialogues Emerging Leaders Program. In today’s interconnected world, knowledge plays a vital role in driving change and shaping solutions. Yet despite the rise of digital tools and global collaboration, persistent gaps in how knowledge is managed and shared continue to limit the Global South’s ability to fully harness its potential. Strengthening resilient knowledge ecosystems fosters inclusive developme ...

The United States is at a critical juncture, facing a pivotal dilemma: preserving global leadership in a world it no longer fully controls. While it proclaims its primacy in the liberal international order, its actions tell a different story—one marked by tariffs, reshoring policies, and an open attempt to contain China’s rise. This strategy is driven less by long-term vision than domestic political calculus, underscoring the urgent need for strategic recalibration. ...

This policy brief explores the transformative role of BRICS as a platform for Global South cooperation and an emerging alternative to Western-dominated governance frameworks. Established with a shared goal of reforming international institutions and addressing global decision-making imbalances, BRICS has evolved from an economic concept into a multifaceted alliance that spans finance, diplomacy, development, and security. As the global order shifts towards multipolarity, BRICS has p ...

The second Trump administration’s reversal of federal climate policy is reshaping the U.S. energy and industrial landscape, with significant implications for macroeconomic performance, clean technology competitiveness, and global climate cooperation. While the deregulatory shift and emphasis on fossil-fuel production may generate short-term output gains in selected sectors, the long-term structural transformation necessary for sustained growth in an increasingly low-carbon global ec ...