Session 7: The New Trilemma of Macroeconomic Policy: Future Policy Responses

يعرف المغرب فوارق كبيرة على مستوى الدخل، ففي سنة 2013 بلغت حصة الـ%10 آٔلغىن من الساكنة ما يقارب %32 من الدخل الوطين، 1أي ما يعادل 12 ضعفا لحصة الـ%10 آٔلفقر. إن أي اتساع مفرط في الفوارق من شأنه أن يؤثر سلبا على وتيرة النمو على المدى الطويل، ألنه عادة ما يقترن بضعف في استغالل الموارد البشرية. ومن هذا المنطلق تدفع هذه المقالة بطرح مفاده أنه، باستلهام التجارب الدولية، يمكن للحكومة المغربية أن تفعل اليشء الكثير للحد من الفوارق دون التفريط في تعزيز التنمية، بل وربما يمكنها أن ...

A few months ago, Indian Prime Minister Modi announced that his country had improved its space capabilities by shooting down from Earth a low orbit satellite that was 300 km away in space. Most commentators assume that the destroyed target was an Indian satellite, presumably outdated or no longer fully functioning. Modi further reassured the international community by stating that the technology will only be used for security, peace, and development purposes, and that the act did no ...

There is no doubt that China's 70th Anniversary celebration was the display of a new world superpower. From the military parade to the issuance of a paper reporting China's role in the New Era, it is clear that the country, whose current political system was established on 1 October 1949, is much different, more assertive and with a clear perspective of the role it wants to play in the international scenario. Everywhere in Beijing, the Chinese National Anthem was played, reminding t ...

Le Rapport sur l’économie de l’Afrique s’inscrit dans une série de documents annuels publiés par le Policy Center for the New South (PCNS). Les grandes évolutions économiques du continent y sont traitées, avec une large place faite à l’analyse prospective. Ce rapport s’ajoute ainsi au Rapport annuel sur la géopolitique de l’Afrique et l'Annual Report on Commodity Analytics and Dynamics in Africa (Arcadia), écrits par des chercheurs issus du Nord comme du Sud. Le Rapport sur l’écono ...

Cet article analyse les retombées des transferts de fonds des migrants sur la croissance économique et sur l’investissement domestique des pays africains. A cette fin, nous avons utilisé la Méthode des Moments Généralisés en Système en panels dynamiques pour un échantillon de 34 pays sur la période 1980-2016. Les principaux résultats des estimations effectuées montrent que les transferts de fonds des migrants exercent un effet significatif et positif sur la croissance économique et ...

Africa is an economic region which holds great potential despite the risks associated with its development. Indeed, many experts agree that Africa is emerging as the new frontier for global growth. Boosted by its abundant natural resources, a young and vibrant population, strong urbanization, more stable macroeconomic conditions, more stringent economic policies, a constantly improving business climate and improving governance, Africa is on track for a structural transformation that ...

Some of the papers in this special issue were initially presented at a September 2016 conference on Global Labor Markets organized by the IMF, Policy Center for the New South and Brunel University, while others were commissioned through a call for papers. Funding for this initiative was provided in part through the IF-DFID program on Macroeconomic Research in Low Income Countries. Views expressed in this introduction and in the papers are those of the authors and should not be ascri ...

Despite some short-term benefits, trade deviation to the region shouldn’t be expected to last. Has the U.S. trade war with China been good for Latin America? An increase in Chinese demand for primary products from the region, as well as recent news of production transfers from China to Mexico, might give the impression that it has. But any positive short-term effects of the confrontation should also take into account its negative medium- and long-term impacts on the region and on gl ...

This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middleincome countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun’s Law—the short-run relationship between output and labor market—holds in half of the countr ...