This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...

This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...

The paper discusses economic policy proposals and initiatives at a macroeconomic level that address the relationship between gender inequalities and economic liberalization policies. It argues that the world economy has not shown sustained growth rates or significant poverty reduction, nor has...

The rapid global spread of Coronavirus Disease 2019 has changed the world. While a massive effort is under way to develop a vaccine, economists have debated whether the shock to the global economy will be 'temporary' or 'permanent'. Given the research interest on the biggest challenge in the...

In light of the unprecedented mutation of the COVID-19 pandemic into a global economic recession, the WTO projects world trade volume to plummet by a staggering 13 percent to 32 percent in 2020. This translates to large-scale losses in global output and employment, especially in trade-oriented...

The paper discusses the question if the global economy already entered a phase of a global recession. This is based on the IMF definition that a global recession occurs if global real GDP growth falls below 3%. Taking actual GDP numbers for the Chinese economy published by the Conference Board...

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global GDP contracted, and this contraction was accompanied by weakening of other key indicators of global economic activity....