IMF World Economic Outlook (WEO) -- Globalization and Inequality, October 2007
World Economic Outlook, October 9, 2007
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- IMF World Economic Outlook (WEO) -- Globalization and Inequality, October 2007
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Bibliographic details
- Published: October 9, 2007
- Series: World Economic Outlook
Scope and Purpose of the Publication
- Semiannual World Economic Outlook reviewing global macroeconomic developments, forecasting growth, and citing risks.
- Presents IMF staff analysis and projections at the global level, in major country groups, and for many individual countries.
- Prepared usually twice a year as documentation for meetings of the International Monetary and Financial Committee and serves as the main instrument of the IMF's global surveillance activities.
- Ordering information notes: "View the Full Text of the WEO (use the free Adobe Acrobat Reader)."
Key Thematic Chapters and Analytical Focus
- Executive Summary and Foreword (Data).
- Chapter 1. Global Prospects and Policy Issues
- Topics: Strong Global Growth Is Being Confronted by Turbulent Financial Conditions; The Baseline Outlook Has Been Marked Down Moderately—And Downside Risks Have Intensified; Living with Heavy Foreign Exchange Inflows; Sustaining Robust Growth; Policy Challenges.
- Appendices: Developments in Commodity Markets; Climate Change: Economic Impact and Policy Responses.
- Chapter 2. Country and Regional Perspectives
- Regional and country focuses: United States and Canada; Western Europe; Industrial Asia; Emerging Asia; Latin America; Emerging Europe; Commonwealth of Independent States; Sub-Saharan Africa; Middle East.
- Emphasis on region-specific challenges such as uncertainty in the U.S. outlook, deflation risks in Japan, managing strong foreign exchange inflows, and using oil revenues.
- Chapter 3. Managing Large Capital Inflows
- Analytical components: Two Waves of Large Capital Inflows to Emerging Markets; Identifying Episodes of Large Capital Inflows; Policy Responses to Large Capital Inflows; Linking Macroeconomic Outcomes and Policy Responses; Conclusions.
- Appendix on event analysis and policy indices methodologies and data.
- Chapter 4. Globalization and Inequality (analytic focus matching publication title)
- Sections: Recent Trends in Inequality and Globalization; What Is the Impact of Globalization on Inequality?; An Empirical Investigation of Globalization and Inequality; Conclusions and Policy Implications.
- Appendix 4.1. Data Sources and Methods.
- Boxes: Measuring Inequality: Conceptual, Methodological, and Measurement Issues; What Do Country Studies of the Impact of Globalization on Inequality Tell Us? Examples from Mexico, China, and India.
- Chapter 5. The Changing Dynamics of the Global Business Cycle
- Topics: Global Business Cycles: A Historical Perspective; Has the World Economy Become More Stable?; What Is Driving the Moderation of the Global Business Cycle?
- Appendix on data and methods.
Empirical and Analytical Tools Included
- Statistical Appendix covering assumptions, what's new, data and conventions, classification of countries, general features and composition of groups.
- Extensive tables and figures across chapters, including but not limited to:
- Tables on world GDP growth and PPP weights, output, inflation, financial policies, foreign trade, current account transactions, balance of payments, flow of funds, medium-term baseline scenarios, and country/regional data.
- Figures on global indicators, global inflation, mature and emerging market financial conditions, global outlook, commodity price indices, greenhouse gas emissions and climate-related projections, and many region- and topic-specific visualizations.
- Chapter- and appendix-level boxes providing targeted analyses (e.g., Macroeconomic Implications of Recent Financial Market Turmoil; Can Capital Controls Work?; Experience with Emissions Trading in the European Union).
Data Coverage and Time Horizons
- Includes historical series and panel/cross-sectional analyses (examples of referenced ranges and periods in figures/tables: 1981–2003).
- Medium-term baseline scenarios and country-level projections are part of the statistical appendices and tables.
Policy-Relevant Emphases and Conclusions (as framed by chapter headings)
- Assessment of baseline global outlook with attention to intensified downside risks and financial turbulence.
- Policy challenges related to sustaining robust growth amid heavy foreign exchange inflows and managing large capital inflows to emerging markets.
- Investigation of the relationship between globalization and inequality, combining empirical analysis with policy implications.
- Examination of the changing dynamics and potential moderation of the global business cycle, with implications for macroeconomic policy.
IMF World Economic Outlook (WEO) -- Globalization and Inequality, October 2007 (web landing page overview).
Content in this bundle
- آفاق الاقتصاد العالمي: العولمة و عدم المساواة؛ أكتوبر 2007
- 2007 年10 月《世界经济展望》- 全球化与不平等
- Perspectives de l'économie mondiale: Mondialisation et inégalité
- Press Points for Chapter 3: Managing Large Capital Inflows, World Economic Outlook, September 2007
- Press Points for Chapter 4: Globalization and Inequality, World Econonmic Outlook, October 2007
- 5sumpdf
- World Economic Outlook, October 2007 - IMF Executive Board Discussion of the Outlook, September 2007
- World Economic Outlook, October 2007 - Chapter 1. Global Prospects and Policies
- World Economic Outlook, October 2007 - Chapter 2. Country and Regional Perspectives
- Managing Large Capital Inflows; Chapter 3: World Economic Outlook, October 2007
- Globalization and Inequality; Chapter 4: World Economic Outlook, October 2007
- The Changing Dynamics of the Global Business Cycle; Chapter 5: World Economic Outlook, October 2007
- World Economic Outlook, October 2007 - Executive Summary
- World Economic Outlook, October 2007 - Foreword
- World Economic Outlook, October 2007 - Front matter
- World Economic Outlook, October 2007 - Preface
- World Economic Outlook, October 2007 - Selected Topics, 2000-2007
- World Economic Outlook, October 2007 - Statistical Appendix
- World Economic Outlook, October 2007 - List of Tables
- World Economic Outlook, October 2007 - List of Tables
- World Economic Outlook, October 2007 - Globalization and Inequality
- Microsoft Word - Schedule for Road Show.doc
- Перспективы развития мировой экономики
- Perspectivas de la economía mundial: Globalización y desigualdad; Octubre de 2007
- Box1_1_1
- Box1 1 2
- Box1_2_1
- Box1 2 2
- Box1 4 1
- Box1 4 2
- Box1_5
- Box1 6
- Foreword
- Box2 1 1
- Box2 1 2
- Box2 2
- Box2 3
- Box3 1 1
- Box3_1_2
- Box4_2
- Box5_2
- Box5_3
- Figure 1.1. Global Indicators
- dataset overview
- Figure 1.11. Measures of the Output Gap and Capacity Pressures
- Figure 1.12. Productivity and Labor Cost Developments in Selected Advanced Economies
- Figure 1.13. Current Account Balances and Net Foreign Assets
- Figure 1.14. Simulated Effect of a Financial Shock on the Global Economy
- Figure 1.15. Private Capital Flows to Emerging Markets
- Figure 1.16. Current and Capital Account Flows to Selected Emerging Market and Developing Countries
- Figure 1.17. Perspectives on Global Growth
- Figure 1.18. Commodity Price Indices
- Figure 1.19. Crude Oil and Gasoline Prices
- Fig1 2
- Fig1 20
- Dataset overview: fig1_21
- Figure 1.22. Oil Futures Prices, and Selected Energy and Metal Prices
- Figure 1.23. Sources of Demand and Prices of Selected Fuel-Related Food Items
- Fig1 24
- Figure 1.25. Actual and Projected Fuel-Related Carbon Emissions Under �Business-as-Usual�
- Figure 1.26. Time Profile of Aggregate Damages from Climate Change
- Figure 1.27. Mean per Capita GDP Losses at Different Levels of Warming
- Figure 1.28. Greenhouse Gas Emission Paths Consistent with Alternative Concentration Targets
- Figure 1.29. Greenhouse Gas Emissions, Kyoto Targets, and Predicted Emissions
- Figure 1.3. Developments in Mature Credit Markets
- Figure 1.4. Mature Financial Market Indicators
- Figure 1.5. Emerging Market Financial Conditions
- Figure 1.6. External Developments in Selected Advanced Economies
- Dataset: fig1_7 — External Developments in Emerging Market and Developing Countries
- Figure 1.8. Global Outlook
- Figure 1.9. Current and Forward-Looking Indicators
- Figure 2.1. United States: Indicators of Investment
- Figure 2.2. Western Europe: What Is the Outlook for Inflation?
- Figure 2.3. Japan: Deflation Still Not Decisively Beaten
- Figure 2.4. Emerging Asia: Managing Strong Foreign Exchange Inflows
- Figure 2.5. Latin America: Capital Inflows Are Complicating Macroeconomic Management
- Fig2 6
- Figure 2.7. Commonwealth of Independent States
- Fig2 8
- Figure 2.9. Middle East: How Are Oil Revenues Used?
- Figure 3.1. Net Private Capital Inflows to Emerging Markets
- Figure 3.10. Post-Inflow GDP Growth, Selected Macroeconomic Variables, and Policy Indicators
- Fig3 11
- Fig3 12
- Figure 3.13. Resistance to Exchange Market Pressures and Duration of Capital Inflow Episodes
- Figure 3.14. Fiscal Policy and Balance of Payments Pressures
- Figure 3.15. Mexico: Identification of Large Net Private Capital Inflow Episodes
- Fig3 2
- dataset overview
- Figure 3.4. Net FDI and Non-FDI Inflows
- Figure 3.5. Characteristics of Episodes of Large Net Private Capital Inflows
- Figure 3.6. Exchange Market Pressure Index
- Figure 3.7. Evolution of Policy Indicators
- Figure 3.8. Policy Indicators in the Episodes of Large Net Private Capital Inflows
- Fig3 9
- Fig4 1
- Figure 4.10. Decomposition of Globalization Effects on Inequality
- Figure 4.11. Inequality Versus Exports in Agriculture
- Figure 4.12. Foreign Direct Investment Stock by Sector
- Figure 4.13. Inequality and Technology, 1981–2003
- Figure 4.14. Explaining the Change in Income Share of Top and Bottom Quintiles
- Fig4 15
- Fig4 2
- Figure 4.3. Cross-Country Trends in Inequality
- Figure 4.4. Income Shares by Quintile
- Figure 4.5. Per Capita Income by Quintile
- Figure 4.6. Per Capita Income by Quintile in Selected Countries
- Figure 4.7. Inequality Versus Globalization: Selected Countries
- Figure 4.8. Information and Communications Technology
- Figure 4.9. Explaining Gini Coefficient Changes
- fig5_1 — Dataset overview
- Figure 5.10. Contribution to Outcome Differences
- fig5_2 — Dataset overview
- Figure 5.3. Recessions in Historical Perspective
- Figure 5.4. Volatility of Growth in the Main World Regions
- Fig5 5
- Figure 5.6. Decomposition of Changes to World Output Volatility by Expenditure Component
- Figure 5.7. Decomposition of Change in U.S. Output Volatility
- Figure 5.8. Volatility Patterns in Rapidly Growing Economies
- Figure 5.9. Some Determinants of Differences in Business-Cycle Characteristics
- Revisedgdp Ppp
References
- World Economic Outlook Database
- Transcript
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- Simon Johnson's IMF Research Blog
- Other issues of the World Economic Outlook
- Frequently Asked Questions: WEO
- IMF Data Mapper®
- Research at the IMF
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