Global Economy

An empty classroom is seen in a private school in Hawally, after the Ministry of Education suspended schools and universities due to the coronavirus outbreak, in Kuwait city, Kuwait, March 2, 2020. REUTERS/Stephanie McGehee

Future Development

Seen and unseen effects of COVID-19 school disruptions

Mohamed Ihsan Ajwad and Simon Bilo

Wednesday, May 25, 2022

U.S. President Joe Biden and Japan Prime Minister Fumio Kishida at a welcoming ceremony in Tokyo, Japan, on May 23, 2022. Biden launched his plan for U.S. economic engagement in Asia on Monday by initiating the new Indo-Pacific Economic Framework with 13 founding countries. Speaking at the launch event in Tokyo, Biden said that the future of the 21st Century economy will be written in the Indo-Pacific. The 13 initial members of the group, the Indo-Pacific Economic Framework (IPEF), are the U.S., Japan, India, South Korea, Australia, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, New Zealand and Brunei, the Biden administration said Monday. The members accounting for about 40% of the world's gross domestic product.

Order from Chaos

Will Biden’s Asia trip help the US meet its strategic objectives?

Tuesday, May 24, 2022

U.S. President Joe Biden and Japan's Prime Minister Fumio Kishida attend an Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. REUTERS/Jonathan Ernst

U.S. Foreign Policy

Biden looks to “anchor” in region

Monday, May 23, 2022

U.S. President Joe Biden, India's Prime Minister Narendra Modi and Japan's Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. REUTERS/Jonathan Ernst

Asia & the Pacific

参加のメリットは…？　発足間近のIPEF、課題を米専門家に聞いた

Mireya Solís and Ken Sakakibara

Monday, May 23, 2022

Reports

Container terminal and city landscape in port of Dar es Salaam on February 21, 2018 in Dar es Salaam, Tanzania.

Report

How currency sanctions on Russia could disrupt trade with Africa

Chris Heitzig, Aloysius Uche Ordu, and Leo Holtz

Monday, May 23, 2022

Close-up of calculator on Indian rupee banknotes on table.

Report

A bad deal for development: Assessing the impacts of the new inclusive framework tax deal on low- and middle-income countries

Monday, May 16, 2022

China's President Xi Jinping walks on before his speech during the opening ceremony of the Forum on China-Africa Cooperation at the Great Hall of the People in Beijing September 3, 2018. Madoka Ikegami/POOL Via REUTERS

Report

Dawn of a second Cold War and the ‘scramble for Africa’

Hippolyte Fofack

Friday, May 13, 2022

smart factory

Technology & Innovation

The nuanced relationship between cutting-edge technologies and jobs: Evidence from Germany

Thursday, May 5, 2022

In the evening, the silhouette Industrial port cranes against the backdrop of storm clouds in Odessa, Ukraine

Report

April 2022 update to TIGER: Policymakers face grim quandaries as storm clouds gather

Aryan Khanna and Eswar Prasad

April, 17, 2022

Blog Posts

Aluminium blocks are seen in Wagner Automotiv industry in Gradacac, Bosnia and Herzegovina February 8, 2022. REUTERS/Dado Ruvic/Illustration

Future Development

Overlapping crises in the Western Balkans

Richard Record, Sanja Madzarevic-Sujster, and Tihomir Stucka

Monday, May 23, 2022

A map of the world with coins stacked near it.

Future Development

The new global tax deal is bad for development

Monday, May 16, 2022

FILE PHOTO: U.S. President Joe Biden takes a question after announcing the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, at the White House in Washington, U.S., March 31, 2022. REUTERS/Kevin Lamarque/File Photo

Order from Chaos

Taking stock of US-ASEAN relations as Biden convenes a special summit

Jonathan Stromseth

Wednesday, May 11, 2022

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Events

South Korea and the new geoeconomics of Asia

9:00 AM - 11:45 AM EDT

Taiwan’s economy during a time of global uncertainty

8:30 AM - 11:00 AM EDT

US-Japan relations in an era of economic statecraft

10:30 AM - 11:45 AM EDT

View All Events

Related Books

Book cover

The Future of Money

By Eswar Prasad

2021

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Réduire la Pauvreté avec l’Aide du Commerce Mondial

By World Trade Organization WTO and World Trade

2021

Policymaker's Journal (Simon & Schuster, 2021)

Policymaker’s Journal: From New Delhi to Washington DC

By Kaushik Basu

2021

Experts

Aloysius Uche Ordu

Director - Africa Growth Initiative

Senior Fellow - Global Economy and Development

David Dollar

Senior Fellow - Foreign Policy, Global Economy and Development, John L. Thornton China Center

M. Ayhan Kose

Nonresident Senior Fellow - Global Economy and Development

Chief Economist and Director, Prospects Group - World Bank

View All Experts

Multimedia

FILE PHOTO: Chinese aircraft carrier Liaoning sails through the Miyako Strait near Okinawa on its way to the Pacific in this handout photo taken by Japan Self-Defense Forces and released by the Joint Staff Office of the Defense Ministry of Japan on April 4, 2021. Joint Staff Office of the Defense Ministry of Japan/HANDOUT via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. MANDATORY CREDIT. THIS PICTURE WAS PROCESSED BY REUTERS TO ENHANCE QUALITY. AN UNPROCESSED VERSION HAS BEEN PROVIDED SEPARATELY/File Photo

Podcast Episode

Kevin Rudd on how to avoid war between the US and China

Kevin Rudd and David Dollar

Monday, May 2, 2022

FILE PHOTO: A sunflower is seen on a wheat field near the village of Zhovtneve, Ukraine, July 14, 2016. REUTERS/Valentyn Ogirenko//File Photo

Podcast Episode

The Ukraine war’s impact on developing countries

Indermit Gill and David Dollar

Monday, March 21, 2022

An employee of online retailer Jumia sorts packages for delivery at the company's warehouse in Lagos February 16, 2015. The growth of Africa's middle class has created demand for products that conventional retail struggles to satisfy due to a shortage of malls and grinding traffic in many cities that deters shoppers. The sector is still in its infancy. The internet's contribution to Africa's gross domestic product stood at 1.1 percent in 2013, much lower than other emerging markets. But this could rise to 10 percent, or $300 billion, by 2025, according to a report by consultants McKinsey's & Company. REUTERS/Joe Penney (NIGERIA - Tags: BUSINESS SOCIETY EMPLOYMENT)

Podcast Episode

Lessons from Lagos state in addressing youth unemployment

Tejumola Abisoye and Aloysius Uche Ordu

Wednesday, March 16, 2022

View All Multimedia

More on Global Economy

Cabbage harvest

Repurposing agricultural support: Creating food systems incentives to address climate change

Danielle Resnick

Thursday, May 12, 2022

Financing for sustainable development is clogged

Homi Kharas and Charlotte Rivard

Wednesday, May 11, 2022

Hydrogen renewable energy production

The promise of African clean hydrogen exports: Potentials and pitfalls

Chigozie Nweke-Eze and Rainer Quitzow

Tuesday, May 10, 2022

Currency from several different countries

Coping with high inflation and borrowing costs in emerging market and developing economies

Jongrim Ha, M. Ayhan Kose, and Franziska Ohnsorge

Thursday, May 5, 2022

A pagoda in Japan.

The post-pandemic prognosis for pension systems

Tuesday, May 3, 2022

LONDON, UNITED KINGDOM - FEBRUARY 25, 2022: Ukrainian people and their supporters demonstrate outside Downing Street calling for the West to implement strong sanctions against Russia including ban on energy trade, exclusion from Swift payment network as well as more widespread sanctions targeting individuals and businesses associated with Kremlin after Vladimir Putin launched a full-scale military invasion into the Ukrainian territory on February 25, 2022 in London, England. (Photo by WIktor Szymanowicz/NurPhoto)NO USE FRANCE

Multiple battlefields in time and space

Friday, April 29, 2022