Sanctions are not new, but they deliver bigger global shocks and are easier to avoid than at any time in history. Nicholas Mulder's latest book, The Economic Weapon, the Rise of Sanctions as a Tool of Modern War, looks at sanctions regimes of the past to better understand the implications of today's sweeping sanctions against Russia. In this podcast, Mulder says we need to think more carefully about crafting macroeconomic policy at a global level to offset the negative effects that the sanctions are having on third countries. Transcript: https://bit.ly/3wBUZnq
Read Nick Mulder's article in Finance and Development at IMF.org/fandd
Welcome to episode 4 of Fintech Forward, the IMF podcast that focuses on financial technology. Hosted by IMF economist Tara Iyer, the special 5-part series draws from the expertise of the IMF Monetary and Capital Markets Department (MCM) to better understand the impact of emerging technologies on financial systems and local economies around the world. In this podcast, MCM's Aditya Narain and Marina Moretti say regulation of financial technology aims to protect consumers and markets, not stifle innovation. Transcript: https://bit.ly/3wkEMCY
Economic growth depends on several factors, but a new study (forthcoming) by Eric Hanushek and Ludger Woessmann shows nothing is more important for development than equitable education. Hanushek is a senior fellow at the Hoover Institution at Stanford University, and in this podcast, he says skill differences account for three-quarters of cross-country variations in long-term growth. Hanushek also says the global skills deficit is immense, with two-thirds or more of the world’s youth never reaching even basic skill levels. Hanushek and Woessmann are coauthors of The Basic Skills Gap published in Finance and Development where they say reaching the goal of global universal basic skills would raise future world GDP by $700 trillion over the remainder of the century.
Read the article at IMF.org/fandd
Mahatma Gandhi once said, "Live simply so that others may simply live.” In this podcast, we hear from an economist who believes there is more to poverty reduction than just money. Sabina Alkire began her long career helping the poor doing volunteer work alongside the likes of Mother Teresa- then studying theology before turning to economics. Today, Alkire heads the Oxford Poverty and Human Development Initiative (OPHI) and is one of the creators of the Multidimensional Poverty Index (MPI), which the United Nations uses to identify and help the most vulnerable people in the world. Journalist, Rhoda Metcalfe spoke with Sabina Alkire to discuss her work for our special series on extraordinary Women in Economics. Transcript: https://bit.ly/3bWv56W
Welcome to episode 3 of Fintech Forward, the IMF podcast that focuses on financial technology. Hosted by IMF economist Tara Iyer, this special 5-part series draws from the expertise of the IMF Monetary and Capital Markets Department (MCM) to better understand the impact of emerging technologies on financial systems and local economies around the world. In this podcast, Fabio Natalucci, Head of the Global Financial Stability Report, discusses the growing correlation between crypto and equity markets and what that means for financial stability. Transcript: https://bit.ly/3zJn2lO