Show Notes
The pandemic was a brutal reminder of how crucial public health systems are, yet health budgets in many countries are still underfunded. Developing economies generally do not allocate sufficient domestic resources to health and external financing is becoming increasingly difficult to secure. Sanjeev Gupta is a senior policy fellow at the Center for Global Development and coauthor with Victoria Fan of How to Heal Health Financing, published in Finance and Development magazine. In this podcast, Gupta says greater revenue collection and improved budget execution would strengthen health systems in low-income countries and reduce the need for foreign assistance. Transcript: https://bit.ly/4hRwZSP Read the article in Finance and Development: IMF.org/fandd
More from IMF Podcasts
While much of the big technological innovations of the past decade have emerged from the United States and China, innovation happens everywhere. The Swiss train system, for instance, has run entirely on renewable energy since the early 1960s. Why do so many prominent tech leaders now choose to live in Canada? Mehran Gul is the author of The New Geography of Innovation. In this podcast, he says the obsessive focus on Silicon Valley has obscured significant innovative models being developed in other countries.
Manufacturing and industrialization have long been the development strategy for many countries in Asia. But while the approach has spurred growth and lifted millions out of poverty, most jobs remain in the untraded services sector. In this podcast, Dani Rodrik says that making employment in traditional, domestic services like food, hospitality, and gig work more productive will lead to a more inclusive growth model. Rodrik is Professor of International Political Economy at Harvard Kennedy School and co-directs its Reimagining the Economy program.
Today's South Korean economy is a far cry from what Ha-Joon Chang was born into. But growing up, he witnessed the remarkable transformation of a largely agrarian society into an industrial powerhouse, albeit under a military dictatorship. In this podcast, the economist and best-selling author describes living through South Korea's "economic miracle" like riding a time machine. Transcript: https://bit.ly/4gEDPfl Read the article in Finance & Development: IMF.org/FANDD
Asia has been the poster child for moving farm workers into urban manufacturing jobs to increase productivity, but is that model still the growth path? In this podcast, IMF Asia and Pacific Department head Krishna Srinivasan discusses his Finance & Development article, "Asia's New Growth Model," based on a forthcoming book.
Inflation pressures were already brewing when Pierre-Olivier Gourinchas stepped in as IMF Chief Economist in January 2022, but rising geopolitical tensions soon added fuel to the fire, and inflation remained a challenge throughout his tenure. In this podcast, outgoing Chief Gourinchas reflects on four + years marked by trade tensions, geopolitical shocks, and rapid technological change. And how the value of forecasting lies less in precise point estimates and more in articulating the underlying forces and policy implications. Transcript: https://bit.ly/4oUrjvy