The longtime critics of globalization are having another moment, claiming supply chain shortages, high inflation, and increasing migration are products of an overly globalized world. But history suggests more globalization- not less, can help counter those disruptions in the global economy. Harold James is a professor of history and international relations at Princeton University and an IMF historian. In this podcast, James says globalization offers an antidote to inflationary pressures.
Look for In Defense of Globalization in the March issue of Finance and Development: IMF.org/fandd
Alan S. Blinder, former Fed vice chair and one of the world’s most influential economists has had a front-row seat to the changes in central banking over the past several decades. Blinder is also a former member of the President’s Council of Economic Advisors, and in his latest book, A Monetary and Fiscal History of the United States, 1961-2021, he recounts the conflicts and collaborations in fiscal and monetary policy that have shaped the United States economy. Blinder was invited to the IMF Research Department to discuss his book.
China’s severe covid lockdowns since the start of the pandemic undoubtedly contributed to an economic downturn last year not seen in decades. And while China has lifted the containment measures and is reopening, the factors behind that slowdown, like its ailing property sector, low productivity growth, and the lingering COVID threat, could weigh on its economic performance this year if left unaddressed. In this podcast, IMF economists Sonali Jain-Chandra and Thomas Helbling walk us through China’s latest economic review, a deep analysis of China’s economy that includes outlooks, risk assessments, and policy recommendations.
Read the full report at IMF.org