In 1996 the natural resource base of the world is being depleted at a rate far below the sustainable level. This is very evident in less developed countries (IDC), where raw limited natural resources are being poorly utilized and/or exported to more developed countries (MDC). The More Developed...

This 2012 Global Food Policy Report is the second in an annual series that provides an in-depth look at major food policy developments and events. Initiated in response to resurgent interest in food security, the series offers a yearly overview of the food policy developments that have...

The Clean Development Mechanism (CDM) of Kyoto Protocol, designed for the industrialized countries to earn emission credits by investing in greenhouse gas (GHG) emission reduction projects in developing countries, shall contribute to emission reductions and sustainable development in the host...

The paper analyzes how the United Nations Development Programme, the World Bank, the International Monetary Fund and the World Trade Organization classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The...

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

This paper investigates how innovation potential of a country contributes to avoid or escape the middle income trap. We measure innovation potentials of 77 countries from 1975 to 2010 from patent data. Then, we test whether indigenous innovative efforts or foreign ones help avoid and escape...

This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It builds on earlier empirical work that examined correlations between growth downbreaks/duration of growth spells and a range of macro/policy/institutional factors. This paper is...

Although the differences between developed and developing countries have been extensively studied in the context of globalization strategies, few studies have so far been conducted on the relationship between country development status and the possession by countries of a favorable (or...

This paper argues that openness to migration is heavily dependent upon (1) ideational and institutional factors, especially the willingness of states to guarantee a minimum basket of rights for migrants; (2) domestic political coalitions and alignments that are driven in part by factor...

The literature on trade openness, economic development, and the environment is largely inconclusive about the environmental consequences of trade. This study review previous studies focusing on treating trade and income as endogenous and estimating the overall impact of trade openness on...