Macroeconomic policy under globalization

Globalization is permanently changing the framework of national macroeconomic policy, offering opportunities as well as posing challenges and constraints. Many developing countries and economies in transition that opened their borders to international trade and private capital flows over the last quarter of a century have experienced crises triggered by the vagaries of the international financial markets. The “creative destruction” expected from the new openness has often been much more destructive than creative, leading to deep recessions and political crises.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals