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

The Policy Center for the New South and the Economic Research Forum held on March 20 a workshop titled ‘Stabilization and adjustment towards inclusive and sustainable policies in MENA: The Moroccan case study’. The event took place at the PCNS headquarters in Rabat, Morocco. It brought together renowned Moroccan economists and scholars to discuss the issue of public debt sustainability in the context of the Moroccan economy. It was an occasion to revisit the main features of the Mor ...

Faced with the rise of cryptocurrencies, central banks are responding by launching their digital currencies. The purpose of this Policy Brief is to provide an update on the preparation of central bank digital currencies (CBDs) by monetary authorities, a process that concerns all emerging, developing, and more advanced countries. It is also about analyzing the conditions and some of the consequences (for banks, for financial inclusion, for the conduct of monetary policy...) of such a ...

In 2010, when I was one of the vice presidents at the World Bank, colleagues I and published a very upbeat book  about the possibility of emerging and developing economies replacing advanced countries as engines of global economic growth. While the latter would be grappling with the aftermath of the global financial crisis, the former, already growing at a faster pace in the previous decade and accounting for more than half of the annual increases in global GDP, had largely shown an ...

Face à l’essor des cryptomonnaies, les banques centrales sont en train de réagir en lançant leurs propres monnaies numériques. L’objet de ce Policy Brief est de faire le point sur la préparation des monnaies numériques de banques centrales (MNBC) par les autorités monétaires, un processus qui concerne tous les pays, émergents, en développement, et plus avancés. Il s’agit aussi d’analyser les conditions et certaines des conséquences (pour les banques, pour l’inclusion fin ...

This blog was originally published on Center for Global Development (CGD)   To better respond to today’s global crises, the MDBs must transform themselves. The MDB Reform Accelerator is mobilizing the evidence-based analysis and strategic outreach needed to ensure MDB reform delivers real results for development, climate, and other global challenges.  The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international fin ...

L’Afrique est plurielle, comme le sont les investissements chinois sur son continent. Cette étude montre que, contrairement à ce que l’on mettait en avant durant la décennie 2010, ces investissements ne se limitent pas à l’exploitation du sous-sol africain. Les opérateurs chinois, privilégiant le long terme, se montrent le plus souvent patients et discrets, ne ciblant pas les seuls investissements miniers. Concernant les secteurs principalement bénéficiaires de ces investissements, ...

The activity rate of Moroccan women (*) has been on a structural decline for some twenty years. This trend is all the more critical given its low level, regarded as one of the lowest in the world. And yet, a host of reforms, programs and actions have been implemented or are underway to improve the condition of women, both economically and socially, and in both urban and rural areas. Are we dealing with a societal phenomenon or simply with economic growth issues? What lessons can we ...

يبين معدل نشاط المرأة المغربية1 انخفاضا أصبح هيكليا على مدى السنوات العشرين الماضية. وتزداد حدة هذا الانخفاض نظرا لضعف مستوى هذا المعدل، الذي يعتبر من بين أدنى المعدلات في العالم. ومع ذلك، تم تنفيذ العديد من الإصلاحات والبرامج والإجراأت أو يجري تنفيذها لتحسين ظروف المرأة، اقتصاديا واجتماعيا، وفي المناطق الحضرية والريفية. هل نواجه ظاهرة مجتمعية أم مجرد مشاكل تتعلق بالنمو الاقتصادي؟ ما هي الدروس التي يمكن استخلاصها من مختلف الدراسات والتحليلات التي أجريت في هذا الاتجاه وما هي الأدوات ...