IMF’s David Lipton emphasized the importance of interconnectedness and urged those who ask for it to be open to addressing the legitimate concerns of people who are feeling displaced.
Lipton also added that the members were more optimistic because growth has been recovering and the momentum of the global economy has been improving. He also explained that the membership was a little concerned whether the economic risks, the political and geopolitical risks might undermine, or even derail the recovery.
David emphasized that the Fund’s message on growth is a two-part message: Steps need to be taken that will strengthen and protect the growth momentum, and it should not be assumed that this growth will continue if the discontent around interconnectedness is intensified. Therefore, the IMF has been focusing on subjects like gender and other forms of inclusion, dealing with inequality, and many other subjects needed to address the negative side-effects of interconnectedness for retaining the social and political consensus.
Regarding anti-globalization, Lipton said that it is clear that advanced economies are experiencing the discontent more than emerging economies because in those countries there have been winners and losers.
The ultimate message of the Fund is that we do need to preserve interconnectedness, but those who ask for it, have to be open to addressing the legitimate concerns of people who are feeling displaced and threatened by the change in their countries and markets. At the same time, the advanced economy countries have to recognize how important continued interconnectedness is to the rest of the world.
Digital Cannabis? Rapper Snoop Dogg Plans to Create an Online Cultivation Farm
Snoop Dogg will invest in a digital cannabis farm. The singer's new business is not his first, Snoop has other...
Ethereum Classic Price Forecast: Dead Cat Bounce Pattern Forming
Ethereum Classic is a blockchain project that aimed to realize the original vision of the Ethereum blockchain. It is a...
Sanofi Increases its Investment in Oncology in Spain by 35% to 6.7M in 2021
Immuno-oncology and molecular oncology are two of Sanofi's most promising bets to tackle some of the most difficult-to-treat cancers. While...
IBEX Will Be Strengthened in ESG if it Reviews its Composition in June
Sacyr has been participating in the CSA survey for more years than Acciona Energía, but it was in last year's...
Einicia Relaunches its Crowdfunding Activity with a New Investment Opportunity
Einicia, founded in 2016, now relaunches its activity by offering loan and investment opportunities of high interest, high profitability, maximum...
Cannabis2 weeks ago
German Health Minister Wants to Speed Up Cannabis Legalization Process
Crowdfunding2 weeks ago
Exit for Bloovery Investors Who Had Closed Three Equity Crowdfunding Rounds
Biotech2 weeks ago
Pangaea Oncology, Seeking 12 Million to Grow with Acquisitions
Featured2 weeks ago
The Fintech Company Clark Closed a €100 Million Deal