Otaviano Canuto on Financial Globalization

This paper was originally published in nature.com   Deforestation in the Brazilian Legal Amazon remains a challenge due to its detrimental effects on ecosystems and the associated increase in greenhouse gas emissions. Such deforestation can be driven by foreign demand in terms of international exports, as well as domestic demand. However, most efforts to quantify the associations between consumer markets and deforestation mainly consider international exports rather than domestic ...

- The earthquake’s overall impact on growth is estimated to be around -0.24% of GDP in 2023. - Due to the spatial concentration of the earthquake, Al-Haouz province and the Marrakesh region experienced Gross Regional Product (GRP) losses of -10.2% and -1.3%, respectively. - The 120 billion Moroccan dirhams (MAD) recovery program will have only mild positive impacts on overall macroeconomic growth from 2023 to 2028 but will significantly benefit the High Atlas region due to the rea ...

Le marché du travail marocain, marqué par un dynamisme démographique et économique, est confronté à des défis majeurs : un chômage persistant, une inadéquation entre les compétences et les besoins du marché, et une faible participation des jeunes et des femmes. Pour y répondre, l'État a mis en place des Politiques Actives du Marché du Travail (PAMT) à travers l'ANAPEC (Agence Nationale pour la Promotion de l'Emploi et des Compétences). Ce document analyse l'efficacité des programme ...

The Global South features prominently in the context of geopolitical rivalry and efforts by developing countries to change the current international economic and financial architecture. While there are questions about whether some countries—such as China or Russia—should be considered parts of the Global South (GS), it is obvious that Africa is at the center of the group. Different aspects of Africa—its potential, its reality, and its efforts to realize its potential—embody the chal ...

La généralisation de la protection sociale est une réforme sociétale très louable et constitue un pilier fondamental de l'État social au Maroc, ainsi qu'un levier essentiel pour améliorer le fonctionnement de l'État providence. Une des grandes forces de cette initiative réside dans la prise de conscience collective et l'engagement ferme des autorités publiques que nous observons aujourd'hui, en vue d'étendre la protection sociale à tous les citoyens pour promouvoir une i ...

Carbon trading have long been touted as a silver bullet to channelise climate finance to African countries lacking the capital to support climate mitigation and adaptation efforts. The erstwhile ‘Kyoto Protocol’ and its successor ‘The Paris Agreement’, though much more comprehensive and wider in scope, both recognize the importance of carbon trading (a form of carbon pricing) in combatting climate change, and in the Paris Agreement the same is enshrined under Article 6 and its sub-c ...

President Biden's announcement of new tariffs on China, though not economically significant on its own, symbolizes the deepening decoupling of the U.S. and Chinese economies. These tariffs, supported by both major political parties, represent the latest step in a broader strategy that favors policy interventions over traditional free-market principles and aims to protect domestic workers, maintain technological leadership, and prioritize economic security. This policy brief discusse ...