Otaviano Canuto on the Global Economy and the Pandemic

Cultural trade is a dynamic engine for economic diversification in the New South. Despite decades of diversification rhetoric, however, this sector remains underrealized. Thus, many countries across Africa, Latin America and the Caribbean, Asia, and the Middle East are still commodity-dependent, even though the global creative economy has grown roughly eightfold since 2002, to surpass $2 trillion—that figure, moreover, does not even account for the nonmonetary benefits that merit co ...

Denial of the fiscal problem, or an indication of a move toward adjustment—even if a gradual one? ...

This policy note was published as part of the T20 U.S. 2026 Workstreams, under the workstream “Fostering Trade and People-Centered Economic Growth,” which brings together policy experts to develop recommendations for G20 policymakers. The Group of Twenty (G20) accounts for most of the world’s output, yet its decisions shape the prospects of 174 United Nations Member States without G20 membership, among them the great majority of least developed countries and small states. Many ...

“Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.”President Dwight Eisenhower, April 16, 1953 This paper examines the economic and human impacts of the first six months of the Iran war—from February to the end of August 2026—on Iran’s Arab neighbors and compares these impacts with those on the three countries directly involved—Iran, Israel and t ...