you are currently viewing::Economics and Nature's LawsMay 23, 2025--A provocative new book proposes a radically different approach to economic theory The book is part of an emerging biophysical view of the world, grounded in the laws of nature, which sees economic activities as resembling biological and mechanical activities. For example, economies are prone to become unstable as they expand and become more complex, and they need regulation to exist and survive.
Source: IMF.org |
June 3, 2025--Aging populations should be embraced, not feared
The story of demographic doom has become familiar: Declining birth rates will cause populations to shrink, while longer lifespans will increase the costs of pensions and eldercare. Relatively fewer workers will have to pay for it all.
June 2, 2025--Older populations need not lead to slumping economic growth and mounting fiscal pressures
The demographic dividend that has supported global economic expansion in recent decades will soon make way for a demographic drag. In advanced economies the share of working-age people is shrinking already.
May 23, 2025--The dollar remains central to the global economy despite the search for alternatives.
How has the US dollar dominated the global financial system for so long? Harvard economics professor Kenneth Rogoff seeks to answer this question in Our Dollar, Your Problem. As the world comes to terms with the dollar’s weaponization in geopolitical rivalries and recent flight from US financial assets, the book couldn't be timelier.
May 13, 2025--The power-hungry technology requires policies to help expand electricity supplies, incentivize alternative sources, and help contain price surges
Artificial intelligence is an emerging source of productivity and economic growth that's also reshaping employment and investment.
May 7, 2025--A new report, the 2025 Africa Carbon Market Outlook (ACMO 25) says Africa is poised to become a global leader in carbon markets.
April 22, 2025-Key Takeaways
According to the 2025 AI Index Report. China has accumulated 70% of global AI patents
Evidence suggests that the majority of China's AI patents are only applied for and protected within China
April 15, 2025-Key messages
Key climate change indicators again reach record levels
Long-term warming (averaged over decades) remains below 1.5℃
Sea-level rise and ocean warming irreversible for hundreds of years
March 31, 2025—While the ocean economy doubled in real terms, from USD 1.3 trillion in 1995 to USD 2.6 trillion in 2020, co-ordinated policy action is essential to safeguard its long-term prosperity and sustainability, a new OECD report finds. The OECD Ocean Economy to 2050 identifies key priorities for policymakers to secure a resilient and sustainable future ocean economy, balancing economic opportunity with environmental responsibility.
March 30, 2025-Fast fashion is accelerating an environmental catastrophe, with the equivalent of one garbage truck's worth of clothing either incinerated or sent to landfill every second, the UN chief warned on Thursday.
Speaking at an event commemorating Sunday's International Day of Zero Waste, Secretary-General António Guterres called for urgent action to curb the textile industry's devastating impact on the planet.
March 26, 2025-2025 marks a milestone: the tenth anniversary of the Paris Agreement and the deadline for countries to submit their updated Nationally Determined Contributions (NDCs), designed to keep the global goal alive of limiting temperature rise to 1.5℃C above pre-industrial levels.