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Can Globalization Still Deliver?

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Can Globalization Still Deliver?

IMF,

5 min read
5 take-aways
Audio & text

What's inside?

Globalization can still work for everyone.

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Editorial Rating

7

Qualities

  • Analytical
  • Well Structured

Recommendation

Globalization’s long-assumed inherent values – free trade and interconnected economies – are under the most intense scrutiny in decades. According to the International Monetary Fund’s David Lipton, the worldwide slow-growth environment is raising significant questions about the efficacy of the international economic architecture. He argues that structural changes would restore growth and deliver gains for everyone. getAbstract recommends this perceptive analysis to executives, policy makers and investors interested in the future of globalization.

Summary

Since the 1970s, policy makers have espoused the enormous positive impacts of globalization, trade, foreign direct investment and interconnected economies. Most notably, those benefits include robust economic growth, technology transfer, rising living standards and the reduction of poverty. But the stubbornly slow recovery from the 2008 global financial crisis has international leaders as well as private citizens questioning the validity of these beliefs. Interconnections have caused “market volatility, powerful spillovers and dislocation” leading to political discontent and antiglobalization sentiment...

About the Author

David Lipton is first deputy managing director at the International Monetary Fund.


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