Latest Issue

World’s Health and Well-being

The Economics of Health and Well-Being

Just as good health—mental and physical—is fundamental to individual well-being, public health is fundamental to stable, cohesive societies.

By Gita Bhatt

• Accelerating Vaccinations

  Expanded production and more money for research will get shots into arms faster.

  Arthur Baker, Esha Chaudhuri, and Michael Kremer

• Going the Last Mile

  Improving sub-Saharan Africa’s logistics could be the key to successful vaccine delivery

  Eugene Bempong Nyantakyi and Jonathan Munemo

• Reflections on a Healthy Society

  Six thinkers explore lessons learned from the pandemic to cultivate a more resilient world.

  Michelle Bachelet, Jeffrey Sachs, K.K. Shailaja, Christian Happi, Kate Soper, and María del Rocío Sáenz

• Financing Future Health Systems

  We must view universal health coverage as a public policy goal and an investment.

  By Tedros Adhanom Ghebreyesus

• A Life Well Lived

  Three countries provide lessons for improving health and promoting happiness.

  By Analisa R. Bala, Adam Behsudi, and Anna Jaquiery

People in Economics

Health Economist

Data Driven

MIT’s Amy Finkelstein tests economic models with large data sets.

By Chris Wellisz

• Rohini Pande

  Yale’s professor focuses on how better institutions can make life fairer

  By Peter J. Walker

• Assaf Razin

  Tel Aviv University’s early scholar of the promise and perils of globalization

  By Prakash Loungani

• Lisa D. Cook

  The Michigan State professor shows how racism and sexism hurt us all

  By Hyun-Sung Khang

• Mariana Mazzucato

  Tireless proponent of government-led innovation

  By Bob Simison

• Esther Duflo and Abhijit Banerjee

  Nobel Prize Winners Duflo and Banerjee are reinventing economics

  By Andreas Adriano

• Olivia S. Mitchell

  Wharton’s retirement behaviorist, who is a founder of modern pension research

  By Peter J. Walker

Series Archive

Point of View

OP-ED PIECES FROM LEADING THINKERS

Financing Future Health Systems

We must view universal health coverage as a public policy goal and an investment

By Tedros Adhanom Ghebreyesus

• Investing in a Sustainable Future

  Private sector financing can play a pivotal role in amplifying the effects of government climate policies

  By Valerie Smith

• What We Owe Each Other

  We need a new social contract fit for the 21st century

  By Minouche Shafik

• Africa Goes Digital

  In rebuilding after COVID-19, policymakers must invest in innovative technology to leapfrog obstacles to inclusive development

  By Cristina Duarte

• Distribution Matters

  Economics can’t avoid distributional issues—it must make room for insights from other disciplines

  BY BINYAMIN APPELBAUM

• Conquering the Great Divide

  The pandemic has laid bare deep divisions, but it’s not too late to change course

  By Joseph Stiglitz

In the Trenches

One-on-one with Policymakers

No Higher Ground

For Maldives Environment Minister Aminath Shauna, fighting climate change is an existential battle

By Adam Behsudi

• Putting People First

  South Africa’s longest-serving finance minister, Trevor Manuel, reflects on the country’s lost decade

  By Analisa R. Bala

• Radical Inclusion

  Sierra Leone’s David Sengeh is taking an inclusive approach to digitalizing the country’s education system and economy

  By Adam Behsudi

• Cracking Down
  on Corruption

  The EU’s first anti-fraud prosecutor reflects on the challenges of tackling transnational crime

  By Rahim Kanani

• Staying the Course

  Jamaica’s former central bank governor Brian Wynter explains the challenges of modernizing monetary policy

  By Olga Stankova

• The Medellín Miracle

  Prioritizing security and sustainability paved the way for a 21st century city

  By Marjorie Henríquez

Picture This

The Journey of the COVID-19 Vaccine

The development of COVID-19 vaccines has been miraculous, but the path to inoculating the world presents many obstacles.

BY Andrew Stanley

• Net Zero by 2050

  The IEA outlines a path to decarbonize the energy sector in three decades

  BY Andrew Stanley

• Jobs Dilemma

  Creating sufficient employment in emerging market economies will require a big boost to economic growth

  BY Sergei Lanau

• Uncertain Age

  The pandemic is taking a toll on young people

  BY Melinda Weir

• Food Insecure

  The viral pandemic is bringing a new global hunger crisis

  BY Adam Behsudi

• Trust Imperative

  Trust is at rock bottom, and we must urgently restore it

  BY Richard Edelman

Online Exclusives

Quantum Computing's Possibilities and Perils

BY Deodoro, Gorbanyov, Malaika, & Sedik

• Intergenerational Social Mobility in Africa

  Information on social mobility in African countries was once relatively scarce, but a new data set paints a continent-wide picture.

  BY Rasmane Ouedraogo and Nicolas Syrichas

• Greening Through Data

  One of the silver linings of the pandemic is the renewed momentum to build a stronger, greener economy.

  BY Karin Kimbrough

• The Golden Opportunity

  Humanity cannot pass up the golden opportunity of a green, inclusive, and resilient recovery

  BY Alok Sharma

Also in This Issue

Dementia Storm on the Horizon

The rising incidence of dementia around the world calls for global collaboration and decisive financing.

By Nathaniel Counts, Arindam Nandi, Benjamin Seligman, and Daniel Tortorice

• Listening to Social Silence

  Anthropology is vital for building back better.

  BY Gillian Tett

• Toward Better Pandemic Preparedness

  Infectious disease outbreaks are inevitable—but we can mitigate their effects by investing in prevention.

  Jay Patel and Devi Sridhar

• Pandemic Lessons

  interviews with Global Fund's Peter Sands on why economists should pay more attention to global health

  By Ruchir Agarwal

• A New Public Health Order for Africa

  Regional solutions are what we need to get us through the next pandemic.

  By John Nkengasong

• The African Century

  The right actions today will ensure that sub-Saharan Africa thrives in a post-COVID world.

  By Abebe Aemro Selassie

F&D Podcast Channel

Global Fund's Peter Sands on Pandemic Lessons

Pandemics pose significant macroeconomic costs but only recently have garnered the attention they deserve.

Ruchir Agarwal

Measuring National Well-Being

For all its strengths in measuring a country's economy, GDP falls short when it comes to gauging the well-being of its residents.

Miles Kimball

The Economics of Biodiversity

Nature is often missing in economic models, but in a study commissioned by the UK government, Partha Dasgupta examines the economic benefits of biodiversity and the costs of losing it.

Partha Dasgupta

A Proposal to End the Pandemic

There will be no durable end to the economic crisis until enough people around the world are vaccinated against Covid-19 and its variants to put the health crisis behind us.

Ruchir Agarwal

Back to Basics

What Are Global Public Goods?

What Are Global Public Goods?

Global institutions must coordinate to preserve the goods that benefit us all.

By Moya Chin

• Risk and Return: The Search for Yield

  Low rates of return tempt investors to take risks, which can cause economic and financial instability

  By Jay Surti

• What Is the Informal Economy?

  Having fewer workers outside the formal economy can support sustainable development

  By Corinne Deléchat and Leandro Medina

• What Is Debt Sustainability?

  Many factors go into assessing how much debt a developing economy can safely carry

  By Dalia Hakura

• How Can Interest Rates Be Negative?

  Countries are starting to experiment with negative interest rates

  By Vikram Haksar and Emanuel Kopp

Series Archive

Book Reviews

EXPERTS REVIEW THE LATEST BOOKS

A Glorious Future for Money?

By Eswar S. Prasad

Reviewed by JON FROST

• Tales from a Japanese Central Banker

  
  

  By Masaaki Shirakawa

  Tales from a Japanese Central Banker

  Reviewed by VITOR GASPAR

• Better Borrowing

  
  

  By Gregory Smith

  Where Credit Is Due: How Africa’s Debt Can Be a Benefit, Not a Burden

  Reviewed by VIVEK ARORA

• Monetary Policy in Times of Crisis

  
  

  By Massimo Rostagno and others

  Monetary Policy in Times of Crisis: A Tale of Two Decades of the European Central Bank

  Reviewed by MAHMOOD PRADHAN

Straight Talk

IMF LEADERSHIP ON KEY GLOBAL ISSUES

Averting a Great Divergence

Exiting the pandemic with minimal scarring will require policy action on several fronts

BY Gita Gopinath

• No Going Back

  

  Investing in policies for people will help shape a better economy for the postcrisis world

  BY Kristalina Georgieva

• Knightmare Uncertainty

  

  In the COVID-19 world, risk has become riskier

  BY Geoffrey Okamoto

• Beyond the Crisis

  

  Now is the time to take advantage of this opportunity to build a better world

  Kristalina Georgieva

• The Adaptive Age

  

  No institution or individual can stand on the sidelines in the fight against climate change

  Kristalina Georgieva

F&D Video Channel

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• Gita Bhatt, Editor-In-Chief
• Maureen Burke, Managing Editor
• Analisa R. Bala, Senior Editor
• Andrew Stanley, Assistant Editor

• Peter J. Walker, Senior Editor
• Adam Behsudi, Senior Editor
• Lijun Li, Online Editor
• Melinda Weir, Production Manager