1945

Overview

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Two big global economic forces are competing for the world’s attention. On the one hand, the promise of a “new economy” underpinned by information and communication technologies is exciting policy makers, including those from the world’s poorest countries. On the other hand, growing instability and uncertainty linked to globalization has left them deeply worried about the impact of financial shocks on growth prospects; the experience of some of the most successful developing countries has shown just how virulent those forces can be.

Related Subject(s): International Trade and Finance
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