Discover how industrialization boosts economic growth in LDCs, its benefits, challenges, and examples like Hong Kong's rise ...

Remittances are important because the act of sending money by migrant workers to their families and other individuals is typically spent in full on gross domestic products in their home countries.

According to the OECD, there are only 37 countries belonging to the developed countries list. In contrast, there are 152 ...

We will see this year whether this is permanent or temporary, but the good news is that we have pulled growth up and expect ...

Despite the risks of Donald Trump’s aggressive protectionist agenda, the mood among policymakers and central bankers at the ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief. By Alan Rappeport Reporting from Washington Soaring inflation saddled developing ...

New York, 15 May 2025 — The global economy is at a precarious juncture, marked by heightened trade tensions and elevated policy uncertainty, according to the World Economic Situation and Prospects as ...

The circular economy offers a fresh approach to how we produce and consume, focusing on reducing, reusing, recycling and recovering. It moves us away from the traditional "make, use, discard" model, ...

Why do we have taxes? Until someone comes up with a better idea, taxation is the only practical means of raising the revenue to finance government spending on the goods and services that most of us ...

The Economic Issues series aims to make available to a broad readership of nonspecialists some of the economic research being produced on topical issues by IMF staff. The series draws mainly from IMF ...