Last Updated: October 13, 2008

Globalization

"Deleveraging in the financial sector is likely to weigh on the pace of credit and economic growth for a considerable period" (photo: Mario Tama/Getty)

The upheaval from the U.S. financial crisis is like a tectonic shift on a scale not seen in financial systems around the world, IMF First Deputy Managing Director John Lipsky said.

Opinion

The Crisis is not the End of the Market Economy

September 24, 2008
"I believe that the market economy will emerge strengthened from this crisis."
An interview with IMF Managing Director Dominique Strauss-Kahn in Frankfurter Allgemeine Zeitung.

Overview

Issues Brief: A brief overview of globalization

Financial Globalization

SWF Principles Will Help Cross-Border Investment

September 3, 2008
The proposed voluntary principles and practices for sovereign wealth funds, along with an OECD investment code on behalf of recipient countries, will help create a global environment that enables more effective cross-border investing, according to John Lipsky, IMF First Deputy Managing Director.

Africa's Aspiring Second-Generation Emerging Markets

August 18, 2008
Several African countries, with developing financial markets that are likely to attract institutional financial investors, are promising candidates to become part of a second generation of "emerging market" countries, IMF analysis shows.

Globalization of Trade

Policy Response: How Countries Can Cope

July 1, 2008
Countries can use a combination of monetary, trade, and fiscal responses to stave off and adjust to the damaging impact of high food and fuel prices, according to a new IMF study.

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Spotlight

World Economic Outlook: Financial Stress, Downturns, and Recoveries

October 2008
The world economy is entering a major downturn in the face of the most dangerous financial shock in mature financial markets since the 1930s, the IMF says in its latest outlook for the global economy.

Globalization of Labor

Long-Distance Learning Makes the World a Classroom

August 21, 2008
The IMF's distance learning program links students and instructors anywhere in the world.

IMF Study Tracks Which Firms Go Global

April 17, 2008
Firms that raise money from overseas capital markets tend to be from larger countries with more open economies and better policies but with worse institutional conditions, according to an IMF study.

Research and Publications

Globalization Drives Strategic Product Switching

October 2008
Previous studies on industrial countries have shown that product switching has been a defensive strategy against low-cost imports. In contrast, our results suggest that Estonian firms have switched products as an offensive strategy to take advantage of the export opportunities created by trade liberalization.