Analytical chapters of the Fall 2019 IMF World Economic Outlook

Monday, October 14, 2019 4 p.m. to 5.30 p.m.

Presenter
Mr. John Bluedorn and Mr. Romain Duval
IMF Research Department


The presentation will include two analytical chapters of the latest IMF WEO, one on within-country regional disparities in advanced economies and one on the effects of structural reforms in emerging market and developing economies.

Regional —within-country — disparities in economic performance in advanced economies have attracted greater interest in recent years against a backdrop of growing social and political tensions. Regional disparities have risen since the late 1980s, reflecting gains from economic concentration in some regions and relative stagnation in others. This chapter examines these trends, focusing on the characteristics and dynamics of advanced economy lagging regions since 2000. It also explores how regional labor markets adjust to trade and technology shocks and investigates how national structural policies influence regional economic performance.

Emerging market and developing economies have enjoyed good growth over the past two decades, but for many of them convergence toward living standards in advanced economies has been slow, raising the question of whether structural reforms could reignite growth. This chapter documents reform trends for a wide range of emerging market and developing economies and reassesses the income effects of past reforms, shedding light on the circumstances under which they worked or did not work, and quantifying the potential income gains from renewed reforms. The chapter also discusses how policy makers can maximize the payoff from reforms and overcome political obstacles to their implementation. 

John Bluedorn is Deputy Chief on the World Economic Outlook in the IMF’s Research Department. Previously, he has been a member of the IMF’s euro area team in the European Department, the Research Department’s Structural Reforms Unit, and worked on the World Economic Outlook as an economist. He holds a PhD in economics from the University of California at Berkeley.

Romain Duval is Advisor to the Chief Economist in the IMF Research Department, where he also leads the Structural Reforms Unit. Previously he was the Division Chief for Regional Studies of the IMF Asia Pacific Department and led the Regional Economic Outlook. He holds a PhD in Economics from University Paris-I-Sorbonne.


We hope that you will be able to join us, and look forward to your participation. If you are unable to attend, we would kindly ask you to forward the invitation to another representative or colleague whom you may want to nominate. To participate, please register by October 7, 2019 to events@jvi.org.

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