Articles for Developing Economies

Rise of the Global South
4 months, 1 week ago

Rise of the Global South

China Daily  

LI MIN/CHINA DAILY By steadily fostering a sense of identification and solidarity, developing countries are reshaping the international economic order The rise of countries in the Global South is reshaping the international economic landscape and pushing the profound transformation of the global economic order. The rapid economic growth in the countries and regions of the Global South has contributed to …

Global International Growth China Governance Development Global Governance
Raise domestic financing to fund climate action projects: IMF’s Georgieva
1 year ago

Raise domestic financing to fund climate action projects: IMF’s Georgieva

Live Mint  

New Delhi: Developing economies need to do more domestically to raise financing and deepen domestic capital markets to participate and invest in climate action, said International Monetary Fund managing director Kristalina Georgieva in an interview held during the climate summit in Dubai. As part of the plan, the IMF will start a new programme with the World Bank on tax, …

Climate Change World Climate Work Climate Action Domestic Developing
Absent Putin and Ukraine war cast long shadow over G-20
1 year, 3 months ago

Absent Putin and Ukraine war cast long shadow over G-20

The Hindu  

The leaders of Russia and China are skipping the G-20 summit, but their absence — and rifts over the Ukraine war — will have a big influence on the proceedings. Russian President Vladimir Putin won’t be at the G20 Leaders' Summit, but he and the Russia-Ukraine war are likely to have a bigger effect on outcomes than even the lack …

Global India China War Ukraine Russia Putin
Absent Putin and Ukraine war cast long shadow over G20
1 year, 3 months ago

Absent Putin and Ukraine war cast long shadow over G20

The Hindu  

The leaders of Russia and China are skipping the G20 summit, but their absence — and rifts over the Ukraine war — will have a big influence on the proceedings. Russian President Vladimir Putin won’t be at the G20 Leaders' Summit, but he and the Russia-Ukraine war are likely to have a bigger effect on outcomes than even the lack …

Global India China War Ukraine Russia G20
Who’s responsible for the environmental impact of what we eat?
1 year, 6 months ago

Who’s responsible for the environmental impact of what we eat?

The Hindu  

The ever-increasing demand for agricultural products is leading to significant social and environmental consequences worldwide. Consumption-based accounting accounts for impacts at the point of consumption, attributing all the social and environmental impacts that occurred during production and trade to the final products and to the eventual consumers. This approach also accounts for a growing element of international trade: the existence …

Global India Environmental Supply Impact Products International Trade
World Bank says fragile economic conditions might usher in recession
1 year, 11 months ago

World Bank says fragile economic conditions might usher in recession

The Hindu  

Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine, according to the World Bank's latest Global Economic Prospects report. "The crisis facing development is intensifying as the global growth outlook deteriorates," said World Bank Group President David Malpass. "Emerging and developing countries are facing a …

World Bank Economic World Bank Global Growth Expected Developing Economies
COP27: A Year On From Glasgow Climate Pact, The World Is Burning More Fossil Fuels Than Ever
2 years, 1 month ago

COP27: A Year On From Glasgow Climate Pact, The World Is Burning More Fossil Fuels Than Ever

ABP News  

The burning of fossil fuels caused 86 per cent of all CO₂ emissions during the past ten years. The ongoing energy crisis – and the short-term responses to it by governments around the world – have made it more difficult to meet the pact’s goals of ending the dominance of fossil fuels. Fossil fuels at COP27 US and European allies …

Global India Energy Europe Russia Climate Oil
A year from the Glasgow climate pact, more fossil fuels is being burnt
2 years, 1 month ago

A year from the Glasgow climate pact, more fossil fuels is being burnt

The Hindu  

The burning of fossil fuels caused 86% of all CO₂ emissions during the past ten years. The ongoing energy crisis – and the short-term responses to it by governments around the world – have made it more difficult to meet the pact’s goals of ending the dominance of fossil fuels. Fossil fuels at COP27 US and European allies pressured developing …

Global Energy Europe Russia Gas Prices Coal
At COP27, move the needle on climate action
2 years, 1 month ago

At COP27, move the needle on climate action

The Hindu  

India and other developing economies are justifiably worried about the damage to growth from COVID-19, Russia’s war in Ukraine, and the global economy’s downturn. But these troubles pale in comparison with the climate catastrophe already resulting from the current trajectory of greenhouse gas emissions, whose effects hit developing economies and the poor hardest. That is why it is imperative that …

Global India China Climate Climate Action Egypt Paris
India Takes Up The Fight For Developing Economies, Set For Major Gains At WTO Meet
2 years, 6 months ago

India Takes Up The Fight For Developing Economies, Set For Major Gains At WTO Meet

News 18  

Union minister of commerce and industry Piyush Goyal praised collective efforts taken by India and the rest of the developing world at the World Trade Organization Ministerial Conference saying that it led to spectacular success. The 12th ministerial conference in Geneva saw finance ministers from all 162 WTO member nations discuss issues related to key global trade-related issues. — Piyush …

India Geneva Trade Developing Developing Countries Goyal Piyush Goyal
IMF warns of growing poverty, unrest and geopolitical tensions
3 years, 4 months ago

IMF warns of growing poverty, unrest and geopolitical tensions

Al Jazeera  

The International Monetary Fund warns of a global economic recovery where ‘the poor get poorer and social unrest and geopolitical tensions grow’. The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies due to coronavirus vaccine inequity and a lack of fiscal support, the International Monetary Fund warned on Tuesday. …

Global Emerging Markets Recovery Economic Developing Countries Imf
Inflation targeting and the Indian economy
3 years, 5 months ago

Inflation targeting and the Indian economy

Hindustan Times  

In March 2015, Reserve Bank of India officially adopted inflation targeting as the monetary policy framework for the Indian economy. With the definition and motivation of inflation targeting out of the way, let’s now focus on the structure of the Indian economy and what it entails for adopting an inflation targeting framework. The Indian economy has several structural features which …

Economy Policy Growth Indian Relative Price Rbi
Economic Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating
3 years, 10 months ago

Economic Survey exhorts rating agencies to be more transparent, less subjective in sovereign rating

The Hindu  

India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested …

India Credit Economic Debt Pay Ratings Survey
Opinion: Covid-19 has scarred the global economy, but it’s not too late to change course
4 years, 3 months ago

Opinion: Covid-19 has scarred the global economy, but it’s not too late to change course

CNN  

Editor’s Note: This article was originally published in its entirety in the International Monetary Fund’s fall 2020 issue of Finance & Development Magazine. And this means it goes disproportionately after the poor, especially in poor countries and in advanced economies like the United States where access to health care is not guaranteed. There are many reasons for these differences: the …

Health Global Economy Pandemic Economic Rules Countries