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In an ideal world, primary education would be universal and publicly financed, and all children would be able to attend school regardless of their parents’ ability or willingness to pay. In many poor countries, however, governments lack either the financial resources or the political will to provide each child with a basic education, despite the benefits that would accrue not only to individuals but to society as a whole. In some of these countries, parents cover part or all of the cost of their children’s education. This paper explores the pros and cons of user payments.
Education and state. --- Education --- Education: General --- Income --- Macroeconomics --- Personal income --- Personal Income, Wealth, and Their Distributions --- Chad
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Explores different ways of controlling pollution through -green-taxes or permits, and evaluates their advantages and disadvantages. While many countries use environmental taxes, interest in tradable permits is growing.
Carbon tax --- Climate change --- Climate --- Environment --- Environmental Conservation and Protection --- Environmental Economics --- Environmental economics --- Environmental Economics: General --- Environmental impact charges --- Environmental sciences --- Environmental Taxes and Subsidies --- Environmental taxes --- Global Warming --- Greenhouse gas emissions --- Greenhouse gases --- Natural Disasters and Their Management --- Public finance & taxation --- Redistributive Effects --- Taxation and Subsidies: Externalities --- Taxation --- United States
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'Commodity Boom: How Long Will It Last?' asks how economies will fare after the record-high prices of key raw materials posted in recent months, which build on dramatic increases from their lows of 2000. The lead article warns that the impact on headline inflation levels might persist throughout 2008, even without further commodity price hikes. It urges policymakers to ensure efficient functioning of market forces at the global level, and to move swiftly to protect the poorest. Another article addresses the effects of climate change on agriculture, warning that farm production will fall dramatically—especially in developing countries—if steps are not taken to curb carbon emissions. Other articles on this theme argue that policies to reduce greenhouse gas emissions need not hobble economies, and that financial markets can help address climate change. 'People in Economics' profiles John Taylor; 'Picture This' says the global energy system is on an increasingly unsustainable path; 'Country Focus' spotlights South Africa; and 'Straight Talk' examines early warnings provided by credit derivatives. Also in this issue, articles examine China's increasing economic engagement with Africa, and the outsourcing of service jobs to other countries.
Foreign Exchange --- Macroeconomics --- Taxation --- Environmental Economics --- Environmental Conservation and Protection --- Climate --- Natural Disasters and Their Management --- Global Warming --- Commodity Markets --- Taxation and Subsidies: Externalities --- Redistributive Effects --- Environmental Taxes and Subsidies --- Agriculture: General --- Climate change --- Currency --- Foreign exchange --- Public finance & taxation --- Investment & securities --- Greenhouse gas emissions --- Carbon tax --- Exchange rate arrangements --- Emissions trading --- Climatic changes --- Greenhouse gases --- Prices --- Environmental impact charges --- United States
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The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Climate change --- Climate --- Climatic changes --- Commodity Markets --- Commodity prices --- Credit --- Deflation --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Environmental Economics --- Exports and Imports --- Global Warming --- Housing prices --- Housing Supply and Markets --- Housing --- Inflation --- Infrastructure --- International economics --- Macroeconomics --- Monetary economics --- Natural Disasters and Their Management --- Price Level --- Prices --- Property & real estate --- Real Estate --- Saving and investment --- United States
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Finance & Development, September 2020.
Financial Risk Management --- Macroeconomics --- Environmental Economics --- Diseases: Contagious --- Climate --- Natural Disasters and Their Management --- Global Warming --- Health Behavior --- Debt --- Debt Management --- Sovereign Debt --- Health: General --- International Lending and Debt Problems --- Infectious & contagious diseases --- Finance --- Climate change --- Health economics --- Public finance & taxation --- Health --- COVID-19 --- Education --- Public debt --- Communicable diseases --- Climatic changes --- Debts, External --- Debts, Public --- United States --- Covid-19
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Finance and Development.
Economic development. --- Aggregate Factor Income Distribution --- Corporate crime --- Criminology --- Economics of Gender --- Education --- Expenditures, Public --- General Financial Markets: General (includes Measurement and Data) --- Income economics --- Income tax --- Income --- Labor economics --- Labor Economics: General --- Labor --- Labour --- Macroeconomics --- Non-labor Discrimination --- Pensions --- Personal income --- Personal Income, Wealth, and Their Distributions --- Public finance & taxation --- Public Finance --- Revenue administration --- Taxation --- White-collar crime --- Women --- United States
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China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.
Agriculture: Aggregate Supply and Demand Analysis --- Climate change --- Climate --- Climatic changes --- Communicable diseases --- Covid-19 --- Debt sustainability --- Debts, External --- Deflation --- Diseases: Contagious --- Economics --- Environment --- Environmental Economics --- Exports and Imports --- External debt --- Food prices --- Global Warming --- Health Behavior --- Health --- Infectious & contagious diseases --- Inflation --- International economics --- International Lending and Debt Problems --- Macroeconomics --- Monetary economics --- Monetary Policy --- Monetary policy --- Money and Monetary Policy --- Natural Disasters and Their Management --- Political Economy --- Political economy --- Price Level --- Prices --- Banking --- Banks and Banking --- Banks --- Bonds --- Capital market --- Central Banks and Their Policies --- Depository Institutions --- Derivative securities --- Finance --- Finance: General --- Financial instruments --- General Financial Markets: General (includes Measurement and Data) --- Interest rates --- Interest Rates: Determination, Term Structure, and Effects --- Investment & securities --- Investments: Bonds --- Investments: General --- Micro Finance Institutions --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Mortgages --- Public finance & taxation --- Securities markets --- Securities --- Sovereign bonds --- Yield curve --- China, People's Republic of
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All for One examines inequality and the many ways it matters. In our overview article, the World bank's Branko Milanovic explains how income inequality is measured and tells us that it's increased in most countries. The good news, he says, is that global inequality--between countries--could be on the downturn. IMF economists Andrew Berg and Jonathan Ostry find that a more equal society has a greater likelihood of sustaining longer-term growth. Other IMF research on inequality finds that financial sector development not only 'enlarges the pie' by supporting economic growth but divides it more evenly; that higher income inequality in developed countries is associated with higher indebtedness--at home and abroad; and that while fiscal consolidation is necessary in the medium term, slamming on the brakes too quickly can harm jobs and cut wages, exacerbating inequality. Also in this issue, we profile Elinor Ostrom, the first woman to receive the Nobel Prize for economics. In a tour of the globe, we look at how the African diaspora can help their home countries from afar, try to draw some early lessons from the euro area's debt crisis, investigate how the United States and its neighbor Canada handled public debt--with different results, and find out about the rise of emerging markets as systemically important trading centers. Back to Basics explains the difference between micro- and macroeconomics, and Data Spotlight tells us about a new worldwide survey of foreign direct investment.
Industrial promotion --India. --- Banks and Banking --- Exports and Imports --- Finance: General --- Macroeconomics --- Public Finance --- Aggregate Factor Income Distribution --- General Financial Markets: General (includes Measurement and Data) --- Personal Income, Wealth, and Their Distributions --- Fiscal Policy --- Financial Markets and the Macroeconomy --- Finance --- Public finance & taxation --- Investment & securities --- International economics --- Income inequality --- Personal income --- Fiscal consolidation --- Financial sector development --- Income distribution --- Income --- Financial services industry --- Fiscal policy --- Debts, Public --- United States
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In nearly every major financial crisis of the past decade-from East Asia to Russia, Turkey, and Latin America-political interference in financial sector regulation helped make a bad situation worse. Political pressures not only weakened financial regulation, but also hindered regulators and supervisors from taking action against troubled banks. This paper investigates why, to fulfill their mandate to preserve financial sector stability, financial sector regulators and supervisors need to be independent-from the financial services industry as well as from the government-as well as accountable.
Financial risk management. --- Banking --- Banks and Banking --- Banks and banking --- Banks --- Business and Financial --- Central bank autonomy --- Central Banks and Their Policies --- Depository Institutions --- Economic & financial crises & disasters --- Financial Crises --- Financial crises --- Financial Institutions and Services: General --- Financial regulation and supervision --- Financial Risk Management --- Financial sector --- Financial services industry --- Financial services law & regulation --- General Financial Markets: Government Policy and Regulation --- Industries: Financial Services --- Law and legislation --- Micro Finance Institutions --- Mortgages --- Korea, Republic of
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