Finance & Development

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Artist Jun Cen
Artificial intelligence | December 2023
The AI Awakening

Generative AI has introduced tantalizing new possibilities. Yet the initial excitement surrounding AI has given way to genuine and growing concerns. This issue is an early attempt to understand AI’s implications for growth, jobs, inequality, and finance.

GITA BHATT

AI

Artificial intelligence | December 2023

Harnessing AI for Global Good

Maximizing the benefits of artificial intelligence and managing the risks will require innovative policies with global reach

GITA GOPINATH

Growth slows, risks abound, but economic and financial collapse can be avoided

Monetary policy | December 2023

China Stumbles but Is Unlikely to Fall

Growth slows, risks abound, but economic and financial collapse can be avoided

Eswar S. Prasad

Inflation

Inflation | December 2023

History’s Inflation Lessons

A study of 100 inflation shocks since the 1970s provides valuable pointers for policymakers today

ANIL ARI

LEV RATNOVSKI

finance and development

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Artificial Intelligence
AI
Artificial intelligence | December 2023
AI Lexicon

A brief guide to Artificial Intelligence lingo

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AI in Practice
AI Health

Artificial intelligence | December 2023

AI’s Healing Powers

Artificial intelligence shows promise in medicine, but there are recognized drawbacks and risks

KERRY DOOLEY YOUNG

Tea plantation in Hangzhou, China: AIdriven smart agriculture provides tremendous potential for boosting food security and to reduce or even end hunger in many regions.

Food security | December 2023

Growing More with Less

In the battle against hunger, AI can help fewer farmers generate more food

ROBERT HORN

AI Army

Artificial intelligence | December 2023

New Model Army

AI has accelerated shifts in battlefield dynamics, and policymakers are playing catch-up

JEREMY WAGSTAFF

Point of View
AI Gov

Artificial intelligence | December 2023

Building Blocks for AI Governance

Policymakers must adhere to five guiding principles to govern AI effectively

Ian Bremmer

MUSTAFA SULEYMAN

AI

Artificial intelligence | December 2023

Fostering More Inclusive Democracy with AI

AI can enhance democratic institutions by ensuring citizens’ voices are truly heard

HÉLÈNE LANDEMORE

Illustration by Joan Wong

Artificial intelligence | December 2023

Unlocking India’s Potential with AI

India is on the brink of a transformation that could change its economic and social future

NANDAN NILEKANI

TANUJ BHOJWANI

Back to Basics
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PICTURE THIS
AI

Financial safety nets | December 2023

Global Financial Safety Net

In a more shock-prone world, strengthening the financial safety net is more important than ever

ANDREW STANLEY

Population and demographics | September 2023

African Century

A demographic transformation in Africa has the potential to alter the world order

ANDREW STANLEY

Globalization | June 2023

Globalization’s Peak

Trade plateaus and restrictions rise, marking a new era for globalization

ANDREW STANLEY

IMF/ Adobe Stock

Monetary policy | March 2023

Forces At Play

Advanced economies are contending with several major long-term structural changes that will affect the way monetary policy is conducted.

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PEOPLE IN ECONOMICS
PIE

Labor | December 2023

Lawrence F. Katz: The Inequality Economist

Bob Simison profiles Harvard’s Lawrence F. Katz, whose research changed economists’ understanding of economic disparity

BOB SIMISON

Minouche Shafik

Economic theory | September 2023

Minouche Shafik: The Everywhere Economist

Our People in Economics profile of Columbia’s Minouche Shafik, whose career spans international development, central banking, and writing on the social contract

Nicholas Owen

IMF/Joshua Roberts

Trade policy | June 2023

Anne O. Krueger: World Trade Defender

Bob Simison profiles Anne O. Krueger, whose research helped build the global trading system that’s now under attack

BOB SIMISON

IMF/ Adobe Stock

Monetary policy | March 2023

Lars Svensson: Central Banking Revolutionary

Prakash Loungani profiles former Swedish central banker Lars E.O. Svensson, a leader of the inflation-targeting revolution

PRAKASH LOUNGANI

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Currency Notes
Currency Notes

Currencies | December 2023

On the Brink

Catalyzing support for the Philippine national bird could stem its rapid decline.

ANALISA R. BALA

GIUSEPPE CACACE/ Getty Images

Money | September 2023

Reaching for the Red Planet

The United Arab Emirates honors the visionary behind the country’s ambitious space program

ANALISA R. BALA

Money | June 2023

Face Value

Many Commonwealth countries are reconsidering whom to feature on their banknotes

SMITA AGGARWAL

Love cricket

Currencies | December 2022

For the Love of Cricket

Barbados’ $5 banknote pays tribute to the man who united West Indian cricket

ANALISA R. BALA

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Book Reviews

Climate change | December 2023

Risk and Resilience in the Era of Climate Change

Raising the base of a house and mixing cement into its earth foundation make it less likely to collapse in a flood.

SIMON SHARPE

Income inequality | December 2023

Thinking about Inequality

Rising economic inequality in many countries, especially the rich ones, in recent decades has emerged as an important topic of political debate and a major public policy concern.

ZIA QURESHI

Economic theory | December 2023

The Flourishing Society

Among the early graduate school memories of many macroeconomists are the “golden rule” of saving, the micro-foundations of wage and employment theory, and structural theories of unemployment

VIVEK ARORA

Income inequality | September 2023

A Wide-Angle View of Inequality

Economics in America: An Immigrant Economist Explores the Land of Inequality (Book Review)

VIVEK ARORA

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