Brazil and South Korea: Two Tales Of a Middle-Income Trap

Silicon Valley Bank (SVB), the sixteenth largest bank in the United States, experienced a bank run in early March 2023, and was closed by the U.S. Federal Deposit Insurance Company (FDIC) on March 10. This bank failure, followed by others, creates fear of contagion throughout the U.S. and global banking systems. This Brief identifies four factors leading to the SVB crisis: i) Sharp interest rate increases by the Federal Reserve, which adversely affected SVB’s income and balance shee ...

This Paper was originally published on mdpi.com   Cities play a fundamental role in reducing greenhouse gas emissions and advancing the 2030 Agenda for Sustainable Development. In this context, public authorities need tools to help in identifying the best set of available solutions for the urban environment. Here, we developed an approach to help decision makers in evaluating sustainable solutions, considering aspects such as emission rate, economic attractiveness, job creation, a ...

The aims of this article were twofold. First, to tackle the issue of convergence from an analytical point of view by presenting the mathematical developments of the main economic growth models, which emphasized that the convergence of African economies is conditional to the investment level in the early stages of physical capital accumulation. As the latter increases, the convergence of African economies is determined by other factors (investment in research and development (R&D ...

The member countries of the International Monetary Fund decided in 2021 to create a new tranche of Special Drawing Rights (SDRs) for a sum equivalent to $650 billion. Under the Fund's usual rules, Africa as a whole would receive only a small share of this ($33 billion). Consequently, a number of advanced countries have offered to give Africa a share of their new SDR allocations, so that Africa will receive a total of $100 billion. This Policy Brief provides an update on this topic. ...

Les pays membres du FMI (Fonds monétaire international) ont décidé en 2021 de créer une nouvelle tranche de DTS pour une somme équivalente à 650 milliards de dollars. En appliquant les règles habituelles du Fonds, l’Afrique prise globalement n’en recevrait qu’une faible part (33 milliards). C’est pourquoi un certain nombre de pays avancés ont proposé de reverser à l’Afrique une part de leur nouvelle allocation de DTS, afin que le continent africain reçoive au total 100 mi ...

Gender disparities in the labor market persist as a serious challenge, resulting in lower participation rates for women than men. This gender gap in labor force participation varies considerably across regions, with female participation rates consistently lagging men. After some progress during the last few decades, the multiple crises faced by the global economy in recent times – pandemic, the war in Ukraine, rising risks of climate change, and slowing growth after high inflation ...

Nous célébrons, le 8 mars de chaque année, la Journée internationale des droits de la femme. En cette occasion, il est utile de rappeler quelques faits stylisés et observations d’ordre général sur la position qu’occupe la femme dans l’économie marocaine. Face aux constats que l’on dressera ci-dessous, le moins que l’on puisse dire est que l’instant n’est pas à la célébration mais à l’action : la participation de la femme marocaine à l’activité économique demeure relativement faible ...