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

The world faces a huge shortfall of infrastructure investment relative to its needs. With a few exceptions, such as China, this shortfall is greatest in emerging and developing countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 to be $81 trillion, $53 trillion of which will be needed in non-advanced countries. The Dialogue projected a gap—in other words, a shortfall in relation to the investment needs foresee ...

Lors de la Conférence des Parties à la Convention-cadre des Nations unies sur les changements climatiques (CCNUCC) qui s'est tenue à Paris en 2015, les gouvernements se sont engagés à limiter l'augmentation de la température mondiale à un niveau bien inférieur à 2°C par rapport aux niveaux préindustriels. Ils se sont également engagés à atteindre, dès que possible, un pic de leurs émissions et à parvenir à la neutralité carbone au cours de la seconde moitié du siècle. Pour autant, m ...

During the 2015 Paris Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), governments pledged to limit the global temperature increase to well below 2°C above pre- industrial levels, to peak emissions as soon as possible, and to achieve carbon neutrality in the second half of the century. Yet, even assuming full implementation of the commitments made by governments in Paris, the global concentration of greenhouse-gas (GHG) emissions will ...

This paper estimates the economic impacts of climate change over the Brazilian regions until the end of the century. We estimate the direct and indirect impact of the projected changes in climate on the yield of the country’s main crops. The results point to a broad spatial heterogeneity of impacts across the country. Using the extreme scenarios created by the Intergovernmental Panel on Climate Change (IPCC) (RCP 2.6 and 8.5), our predictions indicate that the average annual losses ...