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Economic Research on Global Economic Governance: IMF and World Bank

In an interconnected world, economic stability and growth are crucial for the well-being of nations. Two prominent institutions, the International Monetary Fund (IMF) and the World Bank, play pivotal roles in shaping global economic governance. This economic research delves into the functions, significance, and controversies surrounding these institutions, shedding light on their impact on the global economy.

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Measuring Economic Development: GDP vs. Human Development Index

When it comes to measuring economic development, GDP and the Human Development Index (HDI) are two commonly used metrics. While GDP focuses on the monetary aspect of a nation’s progress, HDI takes into account a broader set of factors that impact the overall well-being of its citizens. In this economic research blog post, we will delve into the significance of both indicators, their differences, and why using just one may not provide a comprehensive picture of a country’s development.

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