Back

Otaviano Canuto on Financial Globalization

May 5, 2021
Related topics: 
Economy

Financial integration of countries and financial globalization led to an extraordinary rise of foreign assets and liabilities as a share of GDP, followed by stability of total flows since the global financial crisis of 2008-2009. The apparent stability has been marked by an underlying metamorphosis of cross-border finance, with de-banking and rising foreign direct investment and non-banking financial flows. Blind spots and potential instability remain.

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, principal at Center for Macroeconomics and Development and non-resident fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. He was also Deputy Minister for international affairs at Brazil’s Ministry of Finance, as well as professor of economics at University of São Paulo (USP) and University of Campinas (UNICAMP). ...

RELATED CONTENT

  • Le partenariat public-privé dans le domaine de la formation professionnelle : un levier au service de la compétitivité des entreprises, du marché du travail et du développement ?
    Authors
    Tayeb Ghazi
    April 29, 2024
    L’Agence française de développement (AFD) et le Policy Center for the New South (PCNS) ont réuni le  17 avril dans les locaux du PCNS, au campus de l’Université Mohammed VI Polytechnique (UM6P) de Rabat, les acteurs du partenariat public-privé dans le secteur de la formation professionnelle. Cet évènement a permis de mettre en lumière le modèle marocain de partenariat public-privé en la matière, notamment les Instituts de formation à gestion déléguée (IGD). Cet évènement s’est ten ...
  • Download PDF
    THE REFORM OF THE GLOBAL FINANCIAL ARCHITECTURE: Toward a System that Delivers for the South
    Authors
    Otaviano Canuto
    Hafez Ghanem
    Youssef El Jai
    Stéphane Le Bouder
    April 25, 2024
    The Policy Center for the New South and the Atlantic Council Africa Center have jointly released a report on “The Reform of the Global Financial Architecture: Toward a System that Delivers for the South,” by Otaviano Canuto, Hafez Ghanem, Youssef El Jai, and Stéphane Le Bouder. This report issues specific and urgent calls for reform, including more representative global governance, increasing the World Bank’s operational and financial capacity, prioritizing programs that would inte ...
  • حديث الثلاثاء: تأنيث الهجرة في المغرب: واقع النساء العاملات في الفلاحة بين المغرب وإسبانيا
    April 23, 2024
    نخصص حلقة الأسبوع من برنامج "حديث الثلاثاء" لموضوع تأنيث الهجرة في المغرب، من خلال دراسة وضع النساء المغربيات العاملات في مجال الفلاحة. استنادا إلى بحث ميداني أُجري في جهة سوس ماسة لاستقصاء الديناميات والتحديات التي تعترض هذه الفئة، مقارنة بوضع نظيراتهن المغربيات العاملات في القطاع ذاته...
  • Download PDF
    Naviguer dans l'ère de l'intelligence artificielle : perspectives pour la gouvernance du marché du travail marocain
    Authors
    Aomar Ibourk
    Tayeb Ghazi
    April 18, 2024
    L'émergence fulgurante de l'intelligence artificielle (IA) représente un phénomène mondial, marqué par une croissance exponentielle des publications et des investissements massifs atteignant 189,6 milliards USD en 2021, contre environ 14,7 milliards en 2013. Cette accélération suscite une prise de conscience accrue de la nécessité pressante de mettre en place une gouvernance efficace de l'IA, comme en témoigne l'augmentation significative du nombre de projets de loi dédiés, passant ...
  • Africafé: Dette et développement en Afrique
    April 18, 2024
    Dans cet épisode, nous accueillons M. Badr Mandri, Economiste au Policy Center for the New South qui partage son analyse sur « La Dette et développement en Afrique ». Plusieurs pays d'Afrique ont déclaré un défaut de paiement ou se sont engagés dans des initiatives de suspension du serv...
  • Download PDF
    Assessing Biden’s Presidency: A Method
    Authors
    Dominique Bocquet
    April 18, 2024
    The writing of this Report started in november 2023 and benefited during six months from the quality of discussions in the Policy center. Paul Isbel, Professor at UM6P, was a relentless proofreader who generously brought his outstanding competence in economy and political economy. Stephen Gardner went beyond his role as linguistic proofreader and showed an admirable understanding of the substance at stake. Under the direct supervision of Professor Abdelaziz Aitali, the Economic Depa ...
  • China’s Economic Growth on Target Despite Challenges
    Authors
    Otaviano Canuto
    April 17, 2024
    The Internaional Monetary Fund World Economic Outlook, issued on April 16, projected China’s economic growth rate at 4.6% and 4.1% for, respectively, 2024 and 2025. In 2023, after China’s economic reopening with the end of the ‘zero-COVID’ policy, the rate was 5.2%, above the official target of 5% (Figure 1). For 2024, the official target has been set at 5% again. Notwithstanding the challenges we discuss here, China’s macroeconomic performance in the first quarter of 2024 has been ...
  • The Global War of Subsidies
    Authors
    Otaviano Canuto
    April 15, 2024
    Prior to her visit to China on April 4—her second in nine months—Janet Yellen, United States Secretary of the Treasury, sent a message demanding that the country should not flood the world with cheap exports of clean energy. This would “distort global markets and harm workers abroad,” she said. According to a senior U.S. Treasury official, China’s excess industrial capacity and the government support that has fueled it were subject of discussion during her meeting with Chinese Premi ...