RELATED CONTENT : Macroeconomics and regulation

  • May 20, 2022
    Traders have worried that the war involving Russia and Ukraine could stoke inflation, further disrupt supply chains and derail the global economic recovery. Scarcity of food has led to ri ...
  • Authors
    May 18, 2022
    The world food price index collected for the last 60 years by the United Nations Food and Agriculture Organization (FAO) hit its highest record in March, declining gently in April. Pandemic, war and death in Ukraine, and droughts in the last 2 years… Such a combination looks apocalyptical. Now it is adding global hunger risks, because of the food price crisis. The rise in global food prices started in mid-2020 because supply chain disruptions triggered food stockpiling. Mobility r ...
  • April 29, 2022
    Following on the heels of the COVID-19 pandemic and severe drought in North Africa, the Russian invasion of Ukraine – large exporters of food and, in the case of Russia, energy— may inflict increased hunger on the food insecure in Morocco – despite mitigating measures by the government. Morocco is so far successfully shielding its large poor and vulnerable population by subsidizing essential commodities. With memories of the violent protests during the 2007/08 food and fuel crisis ...
  • Authors
    April 22, 2022
    Emerging market and developing economies (EMDE) face a common set of external shocks: rising energy and food prices; tightening in global financial conditions caused by the prospect of sharper interest rate hikes and anticipation of "quantitative tightening"; and return of restrictions on mobility in China, on account of the Covid zero policy, leading to slumping in growth and weakening one of the primary growth drivers for the other EMDE. However, the impacts of those common shocks ...
  • Authors
    March 15, 2022
    The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including wheat and other grains—have risen, intensifying inflationary pressures from supply chain disruptions and the recovery from the pandemic. The push toward relative deglobalization received fro ...
  • Authors
    February 3, 2022
    COVID-19 has ravaged nearly every country in the world, with the globalization of recent decades intensifying its spread. As of mid-2021, the world had spent $16.5 trillion—18% of global GDP—to fight the disease. And that amount does not even include the most important losses such as deaths, mental health effects, restrictions on human freedom, and other nonmonetary suffering. Nearly 90% of this spending was by developed economies, with the rest by emerging market and developing eco ...
  • Authors
    January 31, 2022
    On January 28, both Argentina’s government and the International Monetary Fund staff made announcements about an understanding on new support program. Meanwhile, in addition to the payment of an amortization due on January 28, another payment is also expected in the first week of February. Both payments relate to the previous package, approved in 2018 and substantially disbursed thereafter. Non-payment could sour relations at a critical moment for a new program to be approved by the ...
  • Authors
    December 21, 2021
    The Policy Center for The New South (PCNS) joined an inter-institutional effort between the Ibero-American General Secretariat (SEGIB), the United Nations Development Program (UNDP) and the International Development Research Centre (IDRC) in an international research project called ‘’Purpose-driven companies and the regulation of the Fourth Sector in Ibero-America’’. As this project grew to cover countries outside of Ibero-America, the PCNS was invited to write a chapter about the M ...
  • December 17, 2021
    The last decade has been marked by a long period of debt accumulation, particularly in emerging and developing economies. Loose financing conditions and low interest rates encouraged these countries to borrow to meet their financing needs. Today, in the context of the global crisis caus...
  • December 17, 2021
    The research project “Purpose-driven companies and the regulation of the Fourth Sector in Ibero- America” is part of an inter-institutional effort involving the Ibero-American General Secretariat (SEGIB), the United Nations Development Program (UNDP) and the International Development Research Centre (IDRC). The project has its origin in the results of a previous research developed by SEGIB (Fourth Sector companies and the SDGs in Ibero-America, 2020), through which we analyzed the i ...
  • Authors
    December 6, 2021
    Between January 2020 and June 2021, the world spent about US $16.5 trillion (18% of world GDP) to fight COVID-19, and this amount does not even include the most important losses such as deaths, mental health effects, restrictions on human freedom, and other nonmonetary suffering. Nearly 90% of this amount was spent by developed economies; the rest by emerging market and developing economies. Low-income countries spent just US $12.5 billion, or less than 0.0001% of the total. Moreove ...
  • Authors
    Alessandro Minuto-Rizzo
    Alessandro Politi
    Claire Spencer
    Abdulaziz Sager
    Mahboub E. Hashem
    Matt Herbert
    Umberto Profazio
    Eman Ragab
    Brahim Oumansour
    Ashraf Mohamed Keshk
    Jean-Loup Samaan
    Ahmad Masa’deh
    Giovanni Romani
    November 11, 2021
    Since its very beginning in 2011, the Middle East and Deep Maghreb have been a fundamental priority for the Foundation. As this year marks the 10th anniversary of the Arab uprisings, our Dossier wants to provide a meaningful understanding of the future dynamics of an area that, despite several positive attempts, is still affected by major instability. Gathering the perspectives of a pool of distinguished regional and international analysts, this publication dives into the socio-econ ...
  • Authors
    November 5, 2021
    A slowdown in China and winding down of U.S. stimulus threaten a much-needed regional rebound. First appeared at Americas Quarterly The last year has seen some good news for Latin American economies. The region’s recovery has been stronger than expected, and growth forecasts by the World Bank and IMF have improved since six months ago. Vaccination campaigns and fiscal support have sparked an economic rebound since the second half of last year, despite an apparent loss of momentum ...
  • November 2, 2021
    Mounting inflation in the major financial centers have raised concerns about the consequences on macroeconomic stability, including the Central Bank response they might trigger. In line with official views, we argue that inflation will probably wind down. We show that core inflation remains below pre-Covid levels in most large economies. We also argue that emerging markets are now less prone to “sudden stop” phenomena, in part because many have already started the exit from accommod ...
  • September 10, 2021
    The COVID-19 pandemic caused a shock to both demand and supply, leading to the biggest collapse in world output since the Great Depression. Since late 2020, a more rapid than expected recovery has been observed. Five questions arise frequently. Here is my take on those questions. 1- Is the pandemic receding? No, but we have a vaccine to control it, and are better at managing it with selective measures, as distinct from total lockdowns, which kill the economy. The global number of ...