Featured Articles

ASEAN IN FOCUS

Maintaining Momentum

From shifting demographics to climate change, Southeast Asia confronts a host of challenges

BY MANU BHASKARAN

• Asian Women at Work

  As women advance in Asia’s labor force, Vietnam is a standout

  BY ANGANA BANERJI, ALBE GJONBALAJ, SANDILE HLATSHWAYO, AND ANH VAN LE

• Passing the Baton

  With brighter prospects than their parents had, Southeast Asian youth get ready to take on the world

  By Jeremiah Overman, Vina Salazar, and Gembong Nusantara

People in Economics

ON THE CUTTING EDGE

Raj Chetty

Reshaping the study of social mobility with big data

By Chris Wellisz

• David Donaldson

  Making no assumptions about trade that are not based on facts

  By Bruce Edwards

• Angus Deaton

  Pioneering approaches that connect the dots between theory, measurement, policy, and people’s lives

  By Peter J. Walker

Series Archive

Point of View

OP-ED PIECES FROM LEADING THINKERS

Reaching the Next Level

For Southeast Asia, further progress calls for bold reforms

By Chang Yong Rhee

• Restoring Ethics to Economics

  Modern economics should return to its roots

  By Anthony Annett

• Nascent Hopes

  The Arab uprisings may have set in motion a long-term transformation in the region

  By Marwan Muasher

In the Trenches

One-on-one with Policymakers

The Poverty-Corruption Nexus

Argentina’s battle against corruption must be waged on many fronts

By Laura Alonso

• A Market, Unified

  Toomas Hendrik Ilves explains how digitalization can make people's lives a whole lot easier

  By Arvind Subramanian

• E-stonia Takes Off

  Toomas Hendrik Ilves explains how digitalization can make people's lives a whole lot easier

  BY BRUCE EDWARDS

  Siim Sikkut on The Making of E-Estonia

Also in This Issue

A Hidden Scourge

Human trafficking is a crime that usually goes unreported

By Mely Caballero-Anthony

Podcast: Confronting 21st Century Slavery

• Africa Comes Together

  Sub-Saharan Africa is becoming more integrated—which will aid growth but is not without risk

  By Francisco Arizala, Matthieu Bellon, and Margaux MacDonald

• How Knowledge Spreads

  More rapid diffusion of know-how is an important benefit of globalization

  By Johannes Eugster, Giang Ho, Florence Jaumotte, and Roberto Piazza

• Special Occasion Coins

  Commemorative material highlights an annual global gathering

  By Sascha Djumena

F&D Podcast Channel

Difficulties Present Opportunities for the African Entrepreneur

Each country in sub-Saharan Africa has its own set of challenges and opportunities.

By Bruce Edwards

Maya Forstater: The Truth About Illicit Financial Flows

Illicit financial flows have been under the spotlight recently.

By Bruce Edwards

South Africa: Restoring Confidence to Oil the Wheels for Growth

Fighting corruption and improving education will help revive economic growth

By Bruce Edwards

Back to Basics

Current Economic Issues Explained

What Are Subsidies?

Some government subsidies make sense, but often there are downsides

By Benedict J. Clements and Ian Parry

• What Are Cryptocurrencies?

  A potential new form of money offers benefits while posing risks

  By Antoine Bouveret and Vikram Haksar

• What Is Inflation?

  Inflation measures how much more expensive a set of goods and services has become over a certain period, usually a year

  By Ceyda Öner

Series Archive

Book Reviews

EXPERTS REVIEW THE LATEST BOOKS

Globalists: The End of Empire and the Birth of Neoliberalism

By Quinn Slobodian

Reviewed by HAROLD JAMES

• The Infinite Desire for Growth

  By Daniel Cohen

  Reviewed by Roger R. Betancourt

• Calculated Values: Finance, Politics, and the Quantitative Age

  By William Deringer

  Reviewed by Robert Heath

Straight Talk

IMF LEADERSHIP ON KEY GLOBAL ISSUES

A Regulatory Approach to Fintech

We mustguard against emerging risks without stifling innovation

Christine Lagarde, IMF Managing Director

• Toward Inclusive Growth

  

  Emerging markets should share the fruits of their growth more equitably

  Tao Zhang, IMF Deputy Managing Director

• A Two-Way Street

  

  Policymakers must address economic and political issues to strengthen globalization

  David Lipton, IMF First Deputy Managing Director

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