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A New Social Contract By Camilla Lund Andersen November 30, 2018 As the world seeks to address the rise of populism and nationalism, it is becoming clear that economic insecurity lies at the heart of much of the discontent. In the wake of the global financial crisis, voters in wealthy countries began to lose faith in the state’s ability to protect them. The profound changes sweeping labor markets, caused by the rise of technology and continued globalization, have only deepened this anxiety. At the same time, people in poor countries still have not attained even basic standards of living, with many risking their lives in search of a more prosperous future. Check out our latest issue: Finance & Development: December 2018 Read More Here

THE DECEMBER 2018 ISSUE As the world seeks to address the rise of populism and nationalism, it is becoming clear that economic insecurity lies at the heart of much of the discontent. The latest issue of Finance & Development magazine, produced in partnership with the London School of Economics and Political Science, explores the need to rethink the social contract—including how society looks after the old, the young, the infirm, and those who have fallen on hard times—to create a greater sense of security in our globalized and fast-changing economy. ISSUE HIGHLIGHTS  Overcoming fears of technology and globalization means rethinking the rights and obligations of citizenship, writes LSE Director Nemat Shafik in this edition’s cover story. The changing nature of work is upending traditional employment and its benefits, and new systems that do not rely on standard employment contracts are needed, writes the World Bank’s Michal Rutkowski. China strives to adapt social protection to the needs of a market economy, writes Ken Wills, former Beijing bureau chief for Bloomberg News. With dramatic changes in labor markets, technology, and family life, LSE’s Nicholas Barr writes that the welfare state is more necessary now than ever. Also in this issue, we explore efforts around the world to stop criminals from laundering their trillions, how economic integration in Africa could make the continent a global player, and profile a course at Yale University where veterans of the global financial crisis pass their wisdom on to the next generation. Our “People in Economics” series profiles Harvard economist Claudia Goldin, who pioneered the study of women’s role in the economy, and our “Back to Basics” series explores universal basic income. Read the full issue here. coming soon: عربي | español | français | русский | 中文 ABOUT F&D MAGAZINE Finance & Development, the IMF's quarterly print magazine and online editorial platform, publishes cutting-edge analysis and insight on the latest trends and research in international finance, economics, and development. F&D is published quarterly in English, Arabic, Chinese, French, Russian, and Spanish, and is written by both IMF staff and prominent international experts. F&D is read by leading policymakers, academics, economic practitioners, and development professionals around the world.