(AGENPARL) – mer 31 luglio 2024 Updated rules for international trade, coupled with stronger domestic policies, could make globalization more inclusive and sustainable
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Globalization Today [ https://www.imf.org/en/Publications/fandd/issues/2024/06/B2B-Globalization-Today-Adam-Jakubik-and-Elizabeth-Van-Heuvelen?utm_medium=email&utm_source=govdelivery ]
*JUNE 2024*
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Pidjoe [ https://www.imf.org/en/Publications/fandd/issues/2024/06/B2B-Globalization-Today-Adam-Jakubik-and-Elizabeth-Van-Heuvelen?utm_medium=email&utm_source=govdelivery ]
(Credit: Pidjoe)
Dear Colleague,
For at least 150 years, global economic forces have by turns pulled countries closer together and pushed them farther apart—and today we may be at another turning point in globalization’s history, the IMF’s *Adam Jakubik* and *Elizabeth Van Heuvelen* write in F&D magazine’s “Back to Basics” series [ https://www.imf.org/en/Publications/fandd/issues/2024/06/B2B-Globalization-Today-Adam-Jakubik-and-Elizabeth-Van-Heuvelen?utm_medium=email&utm_source=govdelivery ].
In this explainer, the authors summarize the main characteristics of globalization and how it has developed over the years. They also examine globalization’s pros and cons, and what can be done to spread its benefits more widely. Also check out our video, “What is Globalization?” [ https://www.youtube.com/watch?utm_medium=email&utm_source=govdelivery&v=15d818t9UZ0 ]
F&D’s “Back to Basics” series explains basic economic concepts for the non-specialist. More than 70 articles and videos focus on relevant topics making the headlines and provide a better understanding of how economic issues can affect our daily lives. View our archives here. [ https://www.imf.org/en/Publications/fandd/categories?category=Back+to+Basics&utm_medium=email&utm_source=govdelivery ]
June Issue
F&D June 2024 cover lo-res [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ]
The world has changed markedly since the IMF was founded 80 years ago. In F&D’s June issue, we explore how the IMF can adapt to remain effective.
“Our biggest challenges—from global warming to demographic and technological transformations—cannot be resolved by countries acting alone,” writes [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Editor-Letter-A-Fund-for-the-Future?utm_medium=email&utm_source=govdelivery ] editor-in-chief, *Gita Bhatt*. “Yet just when we need greater international cooperation, we get the opposite.”
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*Feature Articles*
*Economic Possibilities for My Grandchildren [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Economic-possibilities-for-my-grandchildren-Kristalina-Georgieva?utm_medium=email&utm_source=govdelivery ]* | There is an economic promise to be made across generations, one that requires decisive action | *Kristalina Georgieva*
**Moving to Complexity [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Moving-To-Complexity-Harold-James?utm_medium=email&utm_source=govdelivery ]* | *As the IMF turns 80, its history holds lessons for future international risk management* | *Harold James**
*Geopolitics is Corroding Globalization [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Geopolitics-Corroding-Globalization-Adam-S-Posen?utm_medium=email&utm_source=govdelivery ]* | How should the IMF respond? | *Adam S. Posen*
**New Surveillance Tests [ https://www.imf.org/en/Publications/fandd/issues/2024/06/New-Surveillance-Tests-Ceyla-Pazarbasioglu?utm_medium=email&utm_source=govdelivery ] **| IMF monitoring of member countries’ economic health faces a new generational challenge | *Ceyla Pazarbasioglu*
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Get an overview of the latest thinking on international economic challenges, interactions, and policy responses. 
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Also in this Issue
*The IMF Must Lead on Debt Sustainability [ https://www.imf.org/en/Publications/fandd/issues/2024/06/The-IMF-Must-Lead-on-Debt-Sustainability-Mia-Amor-Mottley?utm_medium=email&utm_source=govdelivery ] | *Reform of its lending arrangements for middle-income countries is overdue | *Mia Amor Mottley*
*A Consensus is Forming for IMF Reform [ https://www.imf.org/en/Publications/fandd/issues/2024/06/A-Consensus-is-Forming-for-IMF-Reform-William-Ruto?utm_medium=email&utm_source=govdelivery ] | *The IMF must listen to the needs of its global membership and adapt to emerging challenges | *William Ruto*
*Latin America and the IMF [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Latin-America-and-The-IMF-Pablo-Garcia-Silva?utm_medium=email&utm_source=govdelivery ] | *A strong multilateral system is crucial for advancing the region’s economic prosperity | *Pablo García-Silva*
*Reform or Risk Irrelevance [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Point-of-View-Reform-or-Risk-Irrelevance-Raghuram-Rajan?utm_medium=email&utm_source=govdelivery ] | *Eight decades after Bretton Woods, the IMF must professionalize and depoliticize its decisions | *Raghuram Rajan*
*Special Drawing Rights Reconsidered [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Point-of-View-Special-Drawing-Rights-Reconsidered-Edwin-M-Truman?utm_medium=email&utm_source=govdelivery ] | *Countries could better address the world’s economic challenges with the IMF’s global reserve asset | *Edwin M. Truman*
*No Time for Half Measures [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Point-of-View-No-Time-for-Half-Measures-Martin-Wolf?utm_medium=email&utm_source=govdelivery ] | *The agenda for making the IMF work better has four vital elements | *Martin Wolf*
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Elsewhere, for *Picture This [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Picture-This-The-Evolving-IMF?utm_medium=email&utm_source=govdelivery ]*, *Atish Rex Ghosh* and *Andrew Stanley* look at how the IMF has evolved over the past 30 years.
For *Back to Basics [ https://www.imf.org/en/Publications/fandd/issues/2024/06/B2B-Globalization-Today-Adam-Jakubik-and-Elizabeth-Van-Heuvelen?utm_medium=email&utm_source=govdelivery ]*, *Adam Jakubik* and *Elizabeth Van Heuvelen* explain how updated trade rules, coupled with stronger domestic policies, could make globalization fairer.
*Henny Sender* profiles *Zhu Min* for *People in Economics [ https://www.imf.org/en/Publications/fandd/issues/2024/06/PIE-The-Internationalist-Economist?utm_medium=email&utm_source=govdelivery ]*”.”
And for *Currency Notes* [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Currency-Notes-The-Money-Archive-Melinda-Weir?utm_medium=email&utm_source=govdelivery ], *Melinda Weir* delves into The Smithsonian’s National Numismatic Collection.
And finally, turning to books, *Vivek Aurora* reviews *Daniel Susskind’s* “Growth: A History and a Reckoning [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Book-Reviews-High-Quality-Growth-Vivek-Arora?utm_medium=email&utm_source=govdelivery ]”.
*Douglas A. Irwin* looks at “Keynes’s Economic Consequences of the Peace after 100 Years: Polemics and Policy [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Book-Reviews-Lessons-from-Keynes-Douglas-A-Irwin?utm_medium=email&utm_source=govdelivery ]” by *Patricia Clavin*, *Giancarlo Corsetti*, *Maurice Obstfeld*, and *Adam Tooze*.
*Josie Cox’s* “Women Money Power: The Rise and Fall of Economic Equality [ https://www.imf.org/en/Publications/fandd/issues/2024/06/Book-Reviews-Stepping-up-for-Equality-Lisa-Kolovich?utm_medium=email&utm_source=govdelivery ]” is reviewed by *Lisa Kolovich*.
peter-walker-circle-bw
*Peter Walker*
Senior Editor | F&D Magazine