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Beware of Strike-it-Rich Euphoria: the Curse of Potential Oil Wealth March 9, 2018   The resource curse, or paradox of plenty, is when countries with an abundance of natural resources suffer stagnant economic growth or even contraction. In this podcast, World Bank economist James Cust, says the problem of eradicating extreme poverty is going to be about how resource-rich countries manage their resource wealth. Welfare Versus GDP: What Makes People Better OffMarch 7, 2018 For years, economists have worked to develop a way of measuring general well-being and comparing it across countries. The main metric has been differences in income or gross domestic product per person. But economists have long known that GDP is an imperfect measure of well-being, counting just the value of goods and services bought and sold in markets. Ending Harassment Helps #TheEconomyTooMarch 5, 2018   This International Women’s Day is bringing new calls to #pressforprogress on gender parity. Giving women and girls the opportunity to succeed is not only the right thing to do—it can also transform societies and economies. Unlocking this transformative potential means pushing for more equal opportunities: for example, equality in legal rights for men and women, and equality in access to education, health, and finance.  The Struggle to Manage DebtMarch 1, 2018   The global economy has a spring in its step. Growth is picking up, and we at the IMF have been ratcheting up our forecasts. Government coffers are filling and, with more people at work, demand for public social support is receding. The fiscal woes of the past decade seem behind us. But this sunny perspective ignores debt levels that remain close to historic highs and the inevitable end of the cyclical upswing.  Money Sent Home by Migrants Buffers Income Shocks February 28, 2018   Worldwide, 250 million people, or 3 percent of the global population, live outside their country of birth. Many of these migrants maintain strong ties with their home countries, sending part of their incomes to families back home. In 2015, migrants sent home $441 billion – almost three times the total value of official development assistance.  Chart of the Week: China’s Thrift, and What to Do About It February 26, 2018   What makes China’s citizens so thrifty, and why does that matter for China and the rest of the world? The country’s saving rate, at 46 percent of GDP, is among the world’s highest. Households account for about half of savings, with corporations and the government making up the rest.