December 2012:
Catalysts for Change
Good Works
Marina Primorac
Can philanthropy and social entrepreneurship
step in where official aid leaves off?
Every Which Way We Can
Dean Karlan
Philanthropy and private investment are
increasingly important in the global fight
against poverty
Learning Laboratory
J. Gregory Dees
Social entrepreneurship offers innovative
cost-effective development solutions
Point of View: The Power of Cooperation
Bill Clinton
Networks of creative collaboration can
transform lives
Also in This Issue
China Prompting Western Creativity
Nick Bloom, Mirko
Draca, and John Van Reenen
Chinese manufacturing exporters are
capturing low-skill production but driving
high-skill innovation in the West
Fair Share
Francesca Bastagli,
David Coady, and Sanjeev Gupta
Fighting income inequality with
redistributive social spending has been more
effective in advanced than in developing
economies
Straight Talk: Rethinking Sustainable Development
Nemat Shafik
A new development agenda needs to be truly
global, relevant to all, and realistic in
assigning responsibilities
Sheltered from the Storm
Bas B. Bakker and
Christoph Klingen
Europe’s central, eastern, and southeastern
countries have been largely insulated from
the ongoing euro area crisis, but that could
change quickly
Reconfiguring Growth
Bergljot Barkbu and
Jesmin Rahman
To stimulate growth, the euro area must
combine aggressive structural reform and
policies to promote demand
Japanese Youth Speak Out
Tomoko Kaida,
Daisuke Gatanaga, and Kenji Nakada
A student essay contest for Japanese
university students, organized by the IMF,
the Japanese Ministry of Finance, and the
Bank of Japan, asked contestants to write
about the global economy and the role of the
IMF. Read the three winning submissions.
DEPARTMENTS
In Brief
Moving up the ranks
Better educated, lower paid
Smart growth
One in eight is hungry
2013: Year of water cooperation
Addressing climate change in Afghanistan
Events in 2013
People in Economics
Angelina Jolie travels with Jeffrey Sachs
Picture This
Investing in People
Dirk Van Damme, Corinne
Heckmann, and Elisabeth Villoutreix
A new study says the global recession underscored
the importance of education
Back to Basics
What Is LIBOR?
John Kiff
The London interbank rate is used widely as a
benchmark but has come under fire
Book Reviews
Making the European Monetary Union, Harold James
Data Spotlight
Ballooning Balance Sheets
Ricardo Davico and Brian
John Goldsmith
Major central banks have been injecting liquidity to
contain the effects of the global financial crisis
Index 2012 Volume 49