Back

Otaviano Canuto on Financial Globalization

May 5, 2021
Related topics: 
Economy

Financial integration of countries and financial globalization led to an extraordinary rise of foreign assets and liabilities as a share of GDP, followed by stability of total flows since the global financial crisis of 2008-2009. The apparent stability has been marked by an underlying metamorphosis of cross-border finance, with de-banking and rising foreign direct investment and non-banking financial flows. Blind spots and potential instability remain.

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, principal at Center for Macroeconomics and Development and non-resident fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. He was also Deputy Minister for international affairs at Brazil’s Ministry of Finance, as well as professor of economics at University of São Paulo (USP) and University of Campinas (UNICAMP). ...

RELATED CONTENT

  • Le dialogue social : une rénovation en perspective ?
    Authors
    Larabi Jaïdi
    September 15, 2022
    Le dialogue social est à la croisée des chemins. Le deuxième round du dialogue social va être lancé aujourd’hui. À l’ordre du jour, la négociation sur des dossiers en instance depuis de longues années (le droit de grève, la représentation des syndicats, le code du travail, les libertés syndicales,…). Mais la grande question qui figure dans l’agenda des parties prenantes est bien celle de l’institutionnalisation des mécanismes d’un dialogue pérenne et efficace, en plus de celle de so ...
  • Download PDF
    Défis, opportunités, impacts et facteurs de succès de la ZLECAf
    Authors
    Moubarack Lo
    Amaye SY
    September 5, 2022
    Le 1er janvier 2021, les pays africains ont lancé la Zone de libre-échange continentale africaine (ZLECAf). Les caractéristiques actuelles des économies africaines mettent, en effet, en évidence un potentiel d'échanges plus intenses, complexes et diversifiés entre les pays du continent. Elles révèlent en même temps de nombreux handicaps tels que le faible niveau d'industrialisation ou de création de valeur régionale. Plusieurs études d'impact ont été menées sur les e ...
  • Download PDF
    Regional market integration within AfCFTA to further agri-food transformation and food security The case of the Republic of Rwanda
    Authors
    Isabelle Tsakok
    August 30, 2022
    Rwanda is famous for its remarkable socio-economic performance after the ravages of the Genocide against the Tutsis and moderate Hutus in 1994. Under the leadership of President Paul Kagame, Rwanda has followed a state-led development model with stunning results. Despite these substantial accomplishments, Rwanda is still a low-income country with extensive poverty. Its agriculture is still of low productivity and highly vulnerable to climate change. Structural transformation has we ...
  • Download PDF
    Whither China’s Economic Growth
    Authors
    Otaviano Canuto
    August 24, 2022
    Chinese economic figures released since August’s beginning have shown a slowdown in its growth. New Omicron coronavirus outbreaks in the context of the Covid-zero policy, the housing slump and heat waves have been, decelerating the economy’s pace. China’s current growth slowdown is an additional step in the trajectory of gradually declining rates that has accompanied the “great rebalancing” since the beginning of the 2010s. One significant difference now is the perception of exhaust ...
  • Download PDF
    The future of global value chains and the role of the WTO
    Authors
    Uri Dadush
    August 23, 2022
    Disruptions to global value chains (GVCs) – caused by conflicts, natural disasters, and accidents that close transport routes – and that affect specific regions or sectors, are not unusual. However, in recent years and amid the Covid-19 pandemic, they have become more frequent and severe. High profile, sizeable, and repeated disruptions raise pressing questions: Is the breakdown in many GVCs a temporary glitch, or a permanent phenomenon? Have GVCs become endemically more accident pr ...
  • Download PDF
    Input-Output Analysis of the Ukraine War: A Tool for Assessing the Internal Territorial Impacts of the Conflict
    Authors
    Eduardo Amaral Haddad
    Inácio F. Araújo
    Ademir Rocha
    Karina Sass
    August 12, 2022
    The Russian invasion of Ukraine on February 24, 2022, scaled up the ongoing conflict in Donbas beyond its regional borders, hindering and halting different aspects of economic life. Considering the internal geography of Ukraine’s economic structure, the damages to physical infrastructure and supply chain disruptions are likely to propagate to other parts of the country through an intricate plot of production and income linkages. From a disaggregated analysis of multiregional and mul ...