The prevailing view at Bretton Woods rejected the laissez-faire argument that free markets automatically provide full employment. It was believed that public institutions must intervene in difficult times. Delegates established …
China should accept the “painful restructuring” of some industries to ease overcapacity concerns, as inaction may hamper the country’s economic recovery and motivate the US and Europe to ramp up …
Her remarks come at a time of increased geopolitical uncertainty over a number of challenges, most notably an escalating rivalry between the US and China and the war in Ukraine. …
Even before Trump withdrew from the Trans-Pacific Partnership in 2017, there were rumblings in the US that globalisation was hurting domestic jobs. Yet, a 2024 analysis by Georgetown University’s Lab …
Industrial policy – in the least flattering sense of that term – is back in fashion and even though it is usually associated with state-controlled or planned economies, it is …
Private credit has since grown to around US$2 trillion, according to the IMF, which is raising a red flag over the sector. While this is small relative to the size …
Talks aimed at brokering a truce between Israel and Hamas in the Gaza Strip will resume in Cairo on Sunday, Egyptian outlet Al-Qahera reported, days after Prime Minister Benjamin Netanyahu …
Senegal woke up Tuesday to a new president-elect, Bassirou Diomaye Faye, a former tax inspector and political newcomer who inspired voters, including many unemployed youth, with a vow to fight …
Although the IMF prescribes social safety nets to buffer the hardships of vulnerable communities, Aswesuma has excluded many Sri Lankans facing dire economic situations as the government works out tax …
The IMF wants Pakistan to increase tax measures on crypto profits to secure a $3 billion bailout for its faltering economy. The latest reports show Pakistan’s crypto industry is worth …