With less than 13 percent of its rural households connected to fixed internet, Colombia faces significant challenges to massify internet access . The starting point is a picture repeated in several countries in the region: limited internet coverage in rural areas, with only 28.8 percent of the rural population connected, and low penetration in urban segments with […]
Global trade and investment are increasingly affected by unilateral policies motivated by both economic and non-economic objectives such as safeguarding national and economic security, combatting climate change, and promoting social values. This column introduces a new book that summarises extant multilateral disciplines on use of trade policies motivated by non-economic objectives, documents the rising use […]
While many studies have been devoted to the impact of fiscal dominance on inflation, much less attention has been dedicated to its impact on exchange rates. This column focuses on an early and unique experiment of freely floating state-issued money, conducted in Venice from 1619 to 1666. It shows that the monetisation of fiscal deficits […]
Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the U.S. Inflation Reduction Act, an Indonesian ministry said on Thursday. The request was made when Indonesian President Joko Widodo met with U.S. Vice President Kamala Harris […]
X’s new content moderation policy made it challenging to convince brands that the Elon Musk-owned social media platform was safe for ads, according to the company’s former head of brand safety and ad quality. The company announced in April its “Freedom of Speech, Not Reach,” policy, under which it began to limit the visibility of some tweets […]
The International Monetary Fund and Financial Stability Board has recommended cross border co-operation and information sharing for consistent regulation of crypto assets, the two said in a joint report to the Group of 20 nations released to the media on Thursday. A blanket ban that makes crypto activities illegal can be costly and demanding to […]
SDG 8 aims to promote sustained, inclusive, and sustainable economic growth, full employment, and decent work for all. But COVID-19 caused the deepest global recession in decades, reducing global GDP by 3.1 percent in 2020. Today, 95 percent of people live in countries with lower GDP growth than forecast before the pandemic. One way to […]
A proposal by the International Monetary Fund (IMF) and G20’s Financial Stability Board (FSB) on cryptocurrencies will be discussed at the leaders’ summit this weekend in New Delhi, a government source said on Wednesday. A paper on cryptocurrencies by the IMF and FSB has been submitted to participating countries, the source said, adding that India […]
Uncertainty about climate damages, usually measured by climate damage volatility, has been shown to significantly influence the level of the social cost of carbon. But climate volatility does not capture another aspect of climate uncertainty: climate volatility itself tends to increase under the influence of climate change, but it is not known yet when and […]
To many observers, the globalised world seems to be coming apart, with scarcity fuelling deglobalisation and conflict. But to economic historians, concerns about global supply and security look surprisingly familiar. This column takes the long view of global upheavals, from the 1840s to the Great Depression, the Global Financial Crisis, and the Covid pandemic. When […]
