WIDERAngle

Expert commentary from our network

Securing a future for the next generations – navigating today’s global challenges

by Frederik Matthys
In an era frequently described as ‘unprecedented’, the global landscape often seems daunting. Countries classified as democracies are increasingly outnumbered by those classified as autocracies, interstate conflicts have escalated, and the multifaceted impacts of climate change—from health crises to forced displacement—continue to intensify. Meanwhile, gender inequality persists, progress in poverty and inequality reduction has stalled, or even reversed in some contexts, and multilateral co...

How India’s economy has fared under ten years of Narendra Modi

More than 960 million Indians will head to the polls in the world’s biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third term in office. And the polls suggest it will achieve this objective.If one was to go by economic growth figures alone, the Modi government’s performance has been impressive. When Modi came to power in 2014, economic growth was sluggish. A series of high-profile corruption...

What are foresight methods and how can they secure our common futures?

by Aicha Robei
Future tools and foresight thinking are crucial instruments to improve decision-making for a common future. As a Youth Foresight Fellow with UNICEF, I firmly believe that utilizing foresight, a sophisticated approach for anticipation and strategic planning, is essential in tackling and lessening the impacts of climate change, conflict, and inequality.Foresight allows us to think about the speculated future based on models and data to solve problems and chart a path to a prosperous and nurturing...

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Time to rethink theory on the role of finance in development: The new structural financial economics framework

The primary role of finance is to serve the ‘real economy’¬—the part of the economy that produces goods and services. Yet in practice, the financial...

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$1 trillion in the shade: The annual profits multinational corporations shift to tax havens continues to climb and climb

About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15...

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From Monterrey to Addis Ababa, and what has happened since?
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The importance of domestic revenue mobilization and taxation for sustainable development is widely acknowledged in global development discussions, but...

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Global tax reforms, net-zero, and domestic revenue: Food for thought from the DRM programme
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Domestic revenue mobilization (DRM) and taxation have gained prominence lately on the global agenda, most recently with the resolution for the United...

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Empirical research is crucial for better tax enforcement in the developing world
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I had the privilege to participate in the UNU-WIDER Winter School as one of the lecturers. In this blog, I explain my main takeaways for students and...

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Fintech and domestic savings: A perfect match coming true in sub-Saharan Africa
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Financial technology (FinTech) is a major force disrupting the structure of financial services in sub-Saharan Africa (SSA) and enabling access of...

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Sales recovered faster from the pandemic than employment: Evidence from tax administrative and survey data in Zambia

Like most other countries, the government of Zambia introduced restrictions to control COVID-19, which considerably curtailed normal economic activity...

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Virtuous circles and downward spirals: The power of ideas & the limits of technocracy
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What will it take to shake loose the distemper of our times, and initiate a virtuous spiral of renewal? In a recent UNU-WIDER webinar, Alan Hirsch and...

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Unlocking the mystery of domestic savings: What difference do they make?

The socioeconomic fallout from the ongoing COVID-19 pandemic has brought to the fore discussions on domestic resource mobilization (hereafter DRM)...

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Co-creation for fair and efficient taxation: Research recommendations to improve policies

How can we determine the taxation of wage earners or multinational corporations in a fair manner? Will simplifying tax administration help increase...

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What does COVID-19 mean for Africa?: Challenges, but also opportunities

The COVID-19 pandemic has led to an exceptional social and economic crisis all over the world, with Africa among the hardest-hit regions. What are the...

Research Brief
Monetary policy and firm size in South Africa

Monetary policy affects the real economy through various channels, including the interest rate, exchange rate, credit, and asset price channels. The credit channel has recently received considerable attention. Small firms are more sensitive to...

Research Brief
Estimating tax gaps in the non-financial sector

Many governments, particularly those in developing countries, have set an objective to improve tax revenue mobilization to offer more and better public services to their citizens. To develop effective revenue-raising strategies it is necessary to...

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Being the change you want to see
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While growing up, I was troubled by the scale of the socioeconomic gap between the haves and the have-nots in the community around me. I saw cases...

Research Brief
The impact on jobs and earnings of offshoring in South Africa

The success of an economy’s manufacturing sector is often critical to economic growth and development. As a major contributor to exports, site of innovation, adopter of international best practices, and engine of job creation, an internationally...

Research Brief
Racial inequality and demographic change in South Africa

Over the past 20 years, researchers have been looking at the economic lifecycle of individuals around the world using National Transfer Accounts (NTA) data. The focus of this research has been on understanding how societies produce, consume, share...

Policy Brief
Resurgent Asia

In 1820, Asia accounted for two-thirds of world population and over half of world income. The subsequent decline of Asia was attributable to its integration with a world economy shaped by colonialism and driven by imperialism. By 1970, Asia was the...

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Narendra Modi’s performance on the Indian economy: Five key policies assessed
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When Narendra Modi became India’s prime minister in spring 2014 the Indian economy was in the doldrums. There was a clear policy paralysis in India’s...

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India’s General Elections 2019: The potential electoral consequences of demonetisation
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In the campaign leading up to the Lok Sabha elections in spring 2014, one of the more important promises that Narendra Modi made was to ‘clean up’ the...

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How can developing countries deliver effective public financial planning?

In many less developed countries, there is little problem identifying the need for public investment in programmes aimed at improving things such as...

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From Africa rising to rising debt in Africa: The looming debt crisis
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Africa’s rising public debt continues to attract increased attention regionally and internationally. The narrative about Africa seems to have...

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Developing countries would benefit from improved tax collection: What can help?

The ability to raise revenues from taxes – called “fiscal capacity” – is a crucial aspect for the functioning of any state. Being able to tax citizens...

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Progressive research with amazing people in a beautiful sauna-crazy country: Pui Yi Wong - 2018 PhD Fellow

In the fall of 2018 UNU-WIDER welcomed 11 doctoral students from around the world as part of our PhD Fellowship Programme. The students, from Ghana...

Policy Brief
Is global inequality rising or falling?

When measured in relative terms, global inequality has been decreasing. However, in absolute terms it has been increasing. What does this mean for analysing and addressing inequality? While it remains vital to continue reducing the global incidence...

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Research that matters: A report from the stakeholder workshop - 15 November 2018, Pretoria, South Africa
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I found myself in the third-floor conference rooms of a Pretoria hotel for a meeting with economists, researchers, and policymakers involved in the SA...

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A two-way street: Regional integration in southern Africa through supermarkets
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Walk into any supermarket and you will find a mix of products to stock the kitchen. It’s easy to assume that many of the goods on offer are sourced...

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Capital flight from developing countries – what is it, how is it measured, and what have we learned?

Many worry that developing countries lose a substantial amount of money via capital flight, that is, outflows of cash and securities — part of which...

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Will Norway’s model of Sovereign Wealth Fund work in Tanzania?: A reality check
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Several countries in Africa – including Ghana, Kenya, Mozambique, Tanzania, and Uganda - have recently discovered large oil and gas or other mineral...

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Celebrating 30 years of research for development
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The celebration of the 30th Anniversary of UNU-WIDER presented the ideal opportunity to look back, take stock, and plan ahead. Where else can a group...

Research Brief
Debt

​In the twentieth and early twenty-first centuries, debt crises have plagued low-, middle-, and high-income countries at various times. Indebted countries have generally addressed balance of payments crises either by (a) obtaining International...

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Financial Reforms and Falling Inequality in Latin America, 2002-2012: Are They Connected?
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29 October 2014 Giovanni Andrea Cornia ​For the last quarter of the twentieth century, Latin America suffered from low growth, rising inequality, and...

Research Brief
A Systematic Review of the Impact of Microfinance on Poverty

Microfinance evaluations reveal a positive impact on per capita income, non-land asset value and poverty incidence. Across countries and methodologies, microfinance is most likely to have a short-term positive effect; regionally, the most positive...

Research Brief
Global Poverty, Middle-Income Countries and the Future of Development Aid

Three-quarters of the world’s poor (however defined) live in countries classified as middle-income. Donors need not assume their only option is to abandon countries once they cross the arbitrary threshold in per capita income. The thresholds...

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Cost of Capital: The Real Price of Green Energy
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4 July 2013 Carl-Gustav Lindén In recent years the price of green energy technology has come down dramatically. This means that European investments...

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Microcredit and Poverty Alleviation: Can Microcredit Close the Deal?
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M.G. Quibria In the wake of the worst famine of Bangladesh of the post-World War era Professor Muhammad Yunus launched a microcredit experiment in...

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The Imperative for Strengthening International Tax Co-operation

GUESTAngle John Langmore and Perrin Wilkins When delivering the eighth WIDER Annual Lecture on rethinking growth strategies in 2004 Dani Rodrik...

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Making Finance the Servant not the Master
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Tony Addison Today, there is much frustration with the financial sector. Society’s precious savings are not being put to the best of uses—investing...

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What Did You Do in the Currency Wars? (Part II)
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Tony Addison The present currency turmoil is both a product and a cause of profound changes now underway in the global economy. Part 1 of this two...

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What Did You Do in the Currency Wars? (Part I)
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Tony Addison The present currency turmoil is both a symptom and a cause of profound changes now underway in the global economy. In part 1 of this two...

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Surprises Ahead?
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Tony Addison With six months remaining till the end of 2011, it’s time to take a peek into the near future. What can we expect? John Kenneth Galbraith...

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