Marcelo Giugale

Former Director @WorldBank. Professor at Georgetown. Fellow of the Nat. Acad. of Pub. Admin. Author of "Economic Development: What Everyone Needs to Know" (OUP)

[Marcelo Giugale @Marcelo_WB]

The 6th edition of my Macroeconomic Management in Developing Countries course at @Georgetown just ended. These are my students. They'll soon get their Masters and go out into a World overtaken by uncertainty. But they'll shine through it. That is how brilliant and brave they are.

[Marcelo Giugale @Marcelo_WB]

Masterful.

[Riccardo Trezzi @RiccardoTrezzi]

Is Italy truly in decline, or simply going through a difficult phase? My book is now available also in English.

Website is here: https://t.co/qv5pfXP2js
You can buy the book on Amazon here: https://t.co/rFUrVavmM2

Over the past decades, the Italian economy has gradually lost momentum. Wages have stagnated, productivity has stalled, and an increasing number of young people have chosen to seek opportunities abroad. What lies behind this long-term slowdown?

"Portrait of a decline" tackles one of the most pressing questions about Italy’s future: why has the country stopped growing? Drawing on data-driven analysis and clear economic reasoning, the authors explore the structural causes of Italy’s stagnation, moving beyond simplistic narratives and common misconceptions.

From demographic decline to weak productivity, from public debt to deeper institutional and economic constraints, the book provides a comprehensive and accessible account of the forces shaping Italy’s economic trajectory. What emerges is not a sudden crisis, but a gradual and persistent decline rooted in long-term dynamics.

Without relying on slogans or oversimplifications, this work guides readers through the evidence, the mechanisms, and the policy choices that have defined the past forty years. It is an essential read for anyone seeking to understand Italy’s economy and gain a clearer perspective on its future.

Website is here: https://t.co/qv5pfXP2js
You can buy the book on Amazon here: https://t.co/rFUrVavmM2

We hope you will like it!
Riccardo and Guido

[Marcelo Giugale @Marcelo_WB]

@RiccardoTrezzi All very cool. After 31 years at the WB, now teaching (Georgetown), consulting (public finance), grandparenting (three beautiful little girls, a fourth coming), and playing calcio. I have been following your economic analysis; rational, realistic, remarkable. So proud of you.

[Marcelo Giugale @Marcelo_WB]

Congratulazioni, @RiccardoTrezzi! Forza Inter!

[Marcelo Giugale @Marcelo_WB]

*Fallo sobre aranceles en EE.UU. abre la puerta a devoluciones por 200 mil millones de dólares: Giugale*

https://t.co/dsdy5ybzRr

[Marcelo Giugale @Marcelo_WB]

Fue un verdadero placer. Profesores y estudiantes brilliantes, trabajando en la frontera de la investigacion academica y de la relevancia practica. #Mexico is lucky to have you.
@ibero_economia @IBERO_mx @uiaeconomia

[IBERO Economía @ibero_economia]

Muy agradecidos con Marcelo (@Marcelo_WB ) por tan interesante presentación para nuestros estudiantes sobre deuda pública.👏

¡Tuvimos el espacio lleno! 🎊

#OrgulloIBERO #Economía #IBERO

[Marcelo Giugale @Marcelo_WB]

Trial run for my new course “Development in Reverse: How to Turn an Advanced Economy into an Emerging One.” Thank you Mexico’s Univer. Iberoamericana for hosting me to debate self-harming economic policies that rich countries put in place or fail to undo. @uiaeconomia @ibero_mx

[Marcelo Giugale @Marcelo_WB]

It was impossible until it happened. Senior staff of @AIIB_Official, MCDF, @IMFNews, @WorldBank and #China’s B&RI banks got together to speak about sovereign lending. I was asked to present my analysis of modern debt restructuring—why it takes so long, what could make it faster.

[Marcelo Giugale @Marcelo_WB]

Time for best wishes: May the lights of Christmas guide you to peaceful places, family time, close friends, crazy ideas, new adventures, brave decisions and tons of dulce-de-leche ice-cream. And in the end, may they bring you closer to the people who love you most. Feliz Navidad!

[Marcelo Giugale @Marcelo_WB]

The 4th edition of my Public Debt Management course at @Georgetown has ended. These are my students. Soon they'll get their Masters and go on to leading positions in governments, multilaterals, businesses and NGOs. And from there they'll change the world. They are that brilliant.

[Marcelo Giugale @Marcelo_WB]

So deserved. So overdue. Felicidades, @CarlosDCarvallo. Felicidades, #Paraguay.

[Banco Central del Paraguay @BCP_PY]

El presidente del BCP, @CarlosDCarvallo, fue distinguido por la revista Global Finance como “Mejor Banquero Central 2025”, en reconocimiento a su destacada gestión en el control de la inflación, la credibilidad de la política monetaria y el fortalecimiento institucional. El galardón fue entregado en el marco de las Reuniones Anuales del Banco Mundial y el FMI, posicionando al BCP y al Paraguay entre las economías más sólidas, confiables y con mejor liderazgo de la región.

[Marcelo Giugale @Marcelo_WB]

AI is fundamentally changing our local communities---even our way of life. What can public officials do to help us make the best of it? Thank you @napawash and @Google for making me a spokesperson for this path-breaking report. Video of its presentation:
https://t.co/wv8N0L2ADO

[Marcelo Giugale @Marcelo_WB]

Really looking forward to this dialogue. Open, free and hybrid event—in the best tradition of @napawash.

[NAPA @napawash]

Out Now! From Miami to Honolulu, "Bringing AI to Main Street: Maximizing Artificial Intelligence’s Positive Impact on Municipal Economies," shows how fast AI is impacting local and regional economies.

https://t.co/HMrwIvGbzr

@Marcelo_WB @NickRHart @DrCostisToregas @Google

[Marcelo Giugale @Marcelo_WB]

A rising star of the development profession is no longer. Michael Jelenic passed away last week. He was my mentee, my colleague, and my friend. He led projects and wrote papers for some of the poorest, most war-torn countries on Earth. And never gave up. We'll meet again, Mike!

[Marcelo Giugale @Marcelo_WB]

The 5th edition of my Macroeconomic Management course at @Georgetown ended this week. These are my students. In a few weeks, they'll get their Masters and face a world that is imploding. They'll fix it. They are that good. I know because I trained them. Go for it, Class of 2025!

[Marcelo Giugale @Marcelo_WB]

Gracias por todo, Padre Jorge.

[Marcelo Giugale @Marcelo_WB]

En tiempos de enorme turbulencia, siempre es bueno pensar hacia adelante. Gracias, Carmen, por otra inspirante conversacion. @aristeguicnn @CNNEE

[Karina Maciel @maciel_karina]

No creo que sea el fin de la globalización, asegura Marcelo Giugale
https://t.co/nuVQWnWHEr @aristeguicnn @CNNEE @Marcelo_WB

[Marcelo Giugale @Marcelo_WB]

It is simple: no country benefits from more protectionism. Another great article by @oppenheimera

[Andres Oppenheimer @oppenheimera]

Will Mexico, Brazil, Argentina, Colombia and other Latin American countries be hurt by Trump's tariffs? They got much lower tariffs than China, Vietnam, etc., but the region will still hurt: https://t.co/TmA0g73cfg @miamiherald @Marcelo_WB @AlbertoBernalLe

[Marcelo Giugale @Marcelo_WB]

¿Porqué está el presidente Trump declarando una guerra comercial? ¿Y qué significa eso para México, para América Latina, y para el Mundo? Media hora a puro diálogo e ideas con la incomparable Carmen @aristeguicnn @AristeguiCNNmx #tariffs #Mexico
https://t.co/8X8nTsbeJ1

[Marcelo Giugale @Marcelo_WB]

My Sunday interview with @oppenheimera in @CNNEE . As always, his opening question went to the heart of the matter: Will President Trump's tariff war cause a break-down of the global trading system? Will it help or hurt the US? Why do it? (In Spanish)
https://t.co/vgrE8Q8817