IMF Podcasts

Africa has grown faster than many other parts of the world over the last two decades, but many Africans are still not seeing the benefits. One Africa specialist suggests measures that authorities might adopt to take advantage of the continent's burgeoning potential.

After years of double digit expansion, China's economic growth is slowing. The world's second largest economy expanded off the back of manufacturing, investment and exports. But, China is now looking inwards for its future growth.

Economists are often criticized for viewing the world through the lens of costs and benefits, while ignoring the morality of an economic decision. But, while economics can't answer moral questions, it can inform the debate, says one expert.

Over recent decades, labor's share of GDP has declined steadily in many countries. The International Labour Organization suggests that reforming the labor market could halt that downturn and, at the same time, help reduce inequality.

The uneven distribution of wealth is one of the most debated issues in contemporary politics and economics. In a recently published, best-selling book, Thomas Piketty, explains the historical forces which have resulted in this inequality, and why a global tax on wealth could be the solution.

News of rising inequality is, more often than not, met with much handwringing. But, the growing gap between the super rich and the rest has also been accompanied by the lifting of millions out of poverty.

The future continues to look bright for sub-Saharan Africa, with robust growth expected to accelerate next year. But the IMF also warns of possible threats to the continent's economy coming from outside the region.

Rising inequality around the world is becoming a cause of increasing concern. The IMF is contributing to the debate by suggesting how governments might use tax and spending to reduce the gap between the haves and the have lesses...without slowing down growth.

The podcast explores why some countries are richer than others, focusing on the role of agriculture. It discusses total factor productivity and its impact on the productivity gap between rich and poor countries. It also examines income disparity and compares higher-level productivity to agriculture. Additionally, it delves into the relationship between agriculture and economic development, especially in poor countries where productivity remains low.

The frequency of natural disasters has increased, and its usually poorer countries that are more affected than the developed. But IMF economists say the right policies can be soften their devastating impact. By Nicole Laframboise, Deputy Division Chief, IMF's Western Hemisphere Department