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Homi Kharas

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Articles

What’s the marginal product of capital in developing countries?

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By Homi Kharas, Liv Schaefer
| Brookings Institution
Financial officials are meeting in Washington, D.C., for the Spring meetings of the World Bank and the International Monetary Fund (IMF) between April 13 and 18, 2026. There will be a lot of commentary about the short-, medium-, and long-term impact of the war with Iran, as well as concern about the outflow of portfolio capital—some $70 billion exited from emerging markets and developing economies (EMDEs) in March alone.
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The present and future of global inequality

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By Jesus Crespo Cuaresma, Homi Kharas, Sourav Suman
| Brookings Institution
Editor's note: The originalcommentarywas first published byWorld Data Labon January 20, 2026, andispostedherewith permission.AGerman-language version appearedonDer Standard.Separate editorial contentsubsequentlyappeared inThe Economist’s“Graphic Detail” feature on February 3, 2026. Now that the 2026 World Economic Forum Annual Meeting in Davos has concluded, the topic of inequality remains at the center of global policy conversations.
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10 positive economic outcomes for developing countries in 2025

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By Homi Kharas
| Brookings Institution
2025 was not a good year for emerging markets and developing economies (EMDEs). It saw a new normal emerge of a world with slow growth, trade wars, overwhelming debt service burdens, collapsing aid, global warming, natural disasters, and conflict. Amid this litany of woes, it is easy to forget that there were also positive developments.
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