Industrial policy will play a key role in navigating the energy transformation, and the global automotive industry is already adapting. This column examines the impact of industrial policies on electric vehicle innovation. Using both country- and firm-level records, the authors compile a database of global industrial policies and patents for the automobile industry, highlighting the […]
Unanticipated debt increases hinder growth and drive inflation in emerging markets. Fiscal frameworks and buffers, consolidation strategies, and coordinated policies can mitigate these challenges and bolster resilience. The accumulation of debt in emerging market economies increased markedly in the decade after the global financial crisis of 2007-08 due to lower global interest rates during that […]
Afghanistan is facing a severe food security crisis, with millions struggling to access adequate food. An estimated 11.6 million Afghans—25 percent of the population—are experiencing food insecurity. Climate shocks are exacerbating this crisis. The ongoing drought—among the worst in decades—has drastically reduced rainfall, severely impacting rain-dependent agriculture. Earlier this year, catastrophic flooding in provinces like […]