Finance and Development, December 2016
Author | : International Working Group on External Debt Statistics |
Publisher | : International Monetary Fund |
Total Pages | : 60 |
Release | : 2016-12-05 |
ISBN-10 | : 9781513550374 |
ISBN-13 | : 1513550373 |
Rating | : 4/5 (74 Downloads) |
Download or read book Finance and Development, December 2016 written by International Working Group on External Debt Statistics and published by International Monetary Fund. This book was released on 2016-12-05 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This issue of Finance & Development examines the good and bad sides of globalization. Sebastian Mallaby notes that after decades of increasing cross-border movements of capital, goods, and people, only migration continues apace. Capital flows have collapsed, and trade has stagnated. However, rather than a sign of retreat, trade and finance may be resetting to a more sustainable level consistent with continued globalization. IMF Chief Economist Maurice Obstfeld takes a closer look at trade. Ismaila Dieng profiles Leonard Wantchekon, a former activist who plans to train the next generation of African economists. Wantchekon, now a professor at Princeton University, is one of the few African economists teaching at a top US university. His research, which has received considerable attention from development economists, focuses on the political and historical roots of economic development in Africa.