State of the Global Economy and its Implication for Emerging Market Economies

October 10, 2023

Chair                          

- Karim El Aynaoui, Executive President, Policy Center for the New South (PCNS)

Discussants

- Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank (AIIB)

- Roberto de Ocampo, Chairman and CEO, Philippine Veterans Bank

- Roberto de Oliveira Campos Neto, Governor, Central Bank of Brazil

- Jean Daniel Gerber, Chairman of the Board, Swiss Investment Fund Emerging Markets (SIFEM)

- Indermit Gill, Chief Economist and Senior Vice President for Development Economics, World Bank Group

- Nialé Kaba, Minister of Planning and Development of Cote d’Ivoire

- Haruhiko Kuroda, Former Governor, Bank of Japan (BoJ) - Online

- Mustapha Nabli, CEO, North Africa Bureau of Economic Studies (NABES)

RELATED CONTENT

  • May 8, 2023
    In March 2023, the brutal demise of the Silicon Valley Bank (SVB) was the first to happen as a result of the hiking of interest rates that central banks started implementing from late 2021 onwards. Although the Federal Deposit Insurance Corporation (FDIC), a US government corporation pr...
  • Authors
    May 8, 2023
    The energy sector faces many challenges that undermine economic growth, energy security and access, and environmental sustainability. To address these challenges, Atlantic Basin countries need to improve access to reliable energy, diversify their energy mix with low-carbon alternatives and improve energy efficiency in the long term. However, the transition to clean energy will also create new risks and challenges that differ from one Atlantic country to another, requiring additional ...
  • Authors
    Inácio F. Araújo
    May 5, 2023
    This paper presents a synthetic view of the socioeconomic and environmental impacts of the economic sectors and regions that make up the Moroccan economy, taking into account the current economic structure and production technologies. Therefore, the potential effects must be understood as signals to think about interventions aimed at redirecting the desired trajectories of sustainable development. The application of the tools developed to give scientific support to this analysis rev ...
  • May 2, 2023
      على ضوء الاجتماعات السنوية لمجموعة البنك الدولي وصندوق النقد الدولي في التقرير الأخير لصندوق النقد الدولي حول آفاق الاقتصاد العالمي، والذي يطبعه القلق الزائد في ظل اضطرابات القطاع المالي والتضخم المتزايد والآثار المستمرة للاجتياح الروسي لأوكرانيا، بالإضافة إلى العواقب الاقتصادية الم...
  • April 28, 2023
    This paper explores the impact of commodities financialization on crude oil prices and their volatility. While some commodities have been market movers for centuries, introducing others, such as oil, to the financial markets is more recent. The increase in investors' appetite for commodity investing has led to commodities’ financialization, which is often considered an amplifier of commodity price volatility. This paper focuses on the relationship between crude oil prices and the fi ...
  • Authors
    April 27, 2023
    Recent initiatives and policy moves by China and other countries to extend the reach of use of the renminbi in the international monetary system, while the U.S. dollar share in global reserves has slightly shrunk in relative terms, have sparked frequent discussions about a hypothetical “de-dollarization” of the global economy. We approach here what that would mean in terms of global currency functions as means of payment and store of value. While we point out a relative decline of ...
  • Authors
    April 26, 2023
    It is estimated that $1 trillion to $6 trillion per year (up to 2050) needs to be invested globally if the world is to stay below the 2°C global warming ceiling of the Paris Agreement and to meet its adaptation goals. Currently, investments stand at about $630 billion per year, way below the original target. And although great efforts have been made in the climate-finance area, more than 70% of the funds deployed have gone to one sector, renewable energy, followed by the transportat ...
  • April 10, 2023
    This policy paper examines India’s growing engagement in North Africa, focusing on five countries: Morocco, Algeria, Tunisia, Libya, and Egypt. Despite lacking a distinct regional policy for North Africa, India has amplified its bilateral engagement with these countries, underpinned by a steadfast commitment to the principle of South-South cooperation. Through its strategic moves in North Africa, India has established a powerful southern-west axis for its foreign policy that stretch ...
  • Authors
    April 10, 2023
    The contemporary global energy landscape is experiencing noteworthy changes in demand, supply, technology, markets, and investment. These developments transcend conventional oil and gas security considerations. Renewable energy sources, such as wind and solar power, have become increasingly cost-effective compared to fossil fuels, and the minerals required to produce them are gaining importance. Nevertheless, recent events such as the Covid-19 pandemic and the conflict in Ukraine ha ...
  • April 7, 2023
    Le Policy Center for the New South, la Faculté de Gouvernance, des Sciences Économiques et Sociales (FGSES), l’Association Démocratique des Femmes du Maroc et le Réseau Marocain des Femmes Médiatrices organisent conjointement une série d’activités pour commémorer la Journée internationa...