Debt Forgiveness

Source: International Monetary Fund – IMF (video statements)

What happens to the numbers when a country’s debt is forgiven? In this episode of The Economy – How Do You Measure That?, Jim Tebrake talks with David about debt forgiveness, how it changes a country’s finances, and why it matters for understanding a government’s financial position and future borrowing

https://www.youtube.com/watch?v=0qv6IfEIqYg

Mehran Gul on the Innovation Blindspot

Source: International Monetary Fund – IMF (video statements)

While much of the big technological innovations of the past decade have emerged from the United States and China, innovation happens everywhere. The Swiss train system, for instance, has run entirely on renewable energy since the early 1960s. Why do so many prominent tech leaders now choose to live in Canada? Mehran Gul is the author of The New Geography of Innovation. In this podcast, he says the obsessive focus on Silicon Valley has obscured significant innovative models being developed in other countries.

Read the article in the IMF’s Finance & Development magazine: IMF.org/fandd

https://www.youtube.com/watch?v=Jz43hc-rsfU

Dani Rodrik on Rethinking Development

Source: International Monetary Fund – IMF (video statements)

Manufacturing and industrialization have long been the development strategy for many countries in Asia. But while the approach has spurred growth and lifted millions out of poverty, most jobs remain in the untraded services sector. In this podcast, Dani Rodrik says that making employment in traditional, domestic services like food, hospitality, and gig work more productive will lead to a more inclusive growth model. Rodrik is Professor of International Political Economy at Harvard Kennedy School and co-directs its Reimagining the Economy program.

Read the article in the IMF’s Finance & Development magazine: IMF.org/fandd

https://www.youtube.com/watch?v=SWHkf9riYCM

The Economic Dividend of EU Enlargement

Source: International Monetary Fund – IMF (video statements)

Join IMF Managing Director Kristalina Georgieva and European Commissioner for Enlargement Marta Kos at CEPS on Tuesday, September 8, for the launch of a new IMF Departmental Paper, "Bridging Borders: Making the Most of EU Accession."

Commissioner Kos will give opening remarks and Managing Director Georgieva will present the paper, followed by a moderated conversation with CEPS Chief Executive Officer Karel Lannoo on how to make EU enlargement work for both new and existing members and how to maximize the economic potential of an enlarged Union.

EU enlargement is an opportunity not only to accelerate growth and raise living standards in candidate countries, but also to strengthen the enlarged Union’s economy.

The paper estimates that, under the right conditions, GDP per capita in the Western Balkans and Moldova could increase by around a third within a decade of joining the Union. Realizing this potential will require three mutually reinforcing policy levers. Domestic structural reforms anchored in the EU acquis, deeper integration into the Single Market, and effective use of EU funding each contribute broadly to the overall gains. Together, these measures can raise productivity and incomes in new Member States, supported by stronger institutions, better governance, and a more dynamic private sector.

The benefits, however, need not stop at the EU’s future members. Enlargement can also generate gains for existing Member States by expanding markets and investment opportunities, and deeper integration into the Single Market can help unlock further potential across the enlarged Union.

More: https://www.ceps.eu/ceps-events/the-economic-dividend-of-eu-enlargement-making-the-most-of-eu-accession

https://www.youtube.com/watch?v=cjLOzzKHWs8