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Katie Allen translation / Khaled Kassem faces ministers and businessmen are many topics for discussion this week in Washington with escalating global tensions and the decline of globalization, as it is a geopolitical crisis and uncertainty about the future of the European Union and not to anticipate the actions of the US president background risky for meetings of the current Spring International Monetary Fund and the World Bank.
Receive the growing shadow of protectionism also on the meeting of the Fund, while the World Bank faces challenges no less difficult to carry out its mission of reducing poverty and inequality levels. The most important topics for discussion are trade and protectionism , and increase productivity, migration , and increase the US interest rate.
Trade protectionism ignited the arrival of Donald Trump to the White House fears of a new wave of protectionism amid international bodies such as the IMF, because the fear of Trump and his ilk of populists around the world may increase the stagnation of international trade politicians, and therefore the fund will take advantage of this meeting to issue new warnings about what he sees from the risks of this policy.
The Fund director Christine Lagarde: The barriers to trade would be "self - wound" to improve the global economy, the two organizations mentioned alongside the World Trade Organization that the opening of markets is good for growth but recognized the need to act to help individuals and marginalized communities. Increased productivity has not suffered Britain alone , the decline in productivity growth since the financial crisis, this is the president measure of economic efficiency is usually measured by production per hour of work it dropped sharply in most developed countries over the last decade.
It affected the repercussions of this growth and living standards, where the IMF believes that the gross domestic product in developed countries would be higher than the current level by 5 percent if the pre - crisis trend continued production growth index factors such as spending on research. The director of the Fund wants governments to take urgent measures in order to change the situation through investment in education and get rid of red tape and stimulate research and development. At the same time, the participating delegations to meet the realization that solutions such as automation would risk expanding inequality if the unemployed did not get because of the robots on other opportunities.
Migration Fund and the World Bank International has sought to shed light on the possible pros of the countries that receive large numbers of immigrants and refugees. Migrant workers are young to the low unemployment rate countries such as Germany can fill gaps in skills and reduce long - term pressure on the state 's age because of the population.
World Bank president believes the need for additional efforts in developing countries so as not to feel the pressure of migration , including its population.
Called "Jim Yong Kim" campaign to develop urgent, while highlighting the increasing awareness of poor countries because of the Internet and smart phones.
Bank feels very concerned about weak growth in Africa now and wants his boss to use government subsidies funds to transfer billions of Western countries to trillions of investments in the private sector.
The interest rate of the hot topics meeting the central bank 's policy, especially in America, and the relative strength of the dollar. US Federal Reserve began to raise borrowing costs after a long period of interest rates to a record low - lying level after the financial crisis.
Interest can be considered to raise a vote of confidence in the world 's largest economy, but this emphasis is not without consequences for the rest of the world. Poor countries and developing borrowed huge amounts of money in recent years from Western countries because of its benefits of low - lying. But now it shrunk as a result of increased borrowing costs and inflation of dollar - denominated debt due to the increase in its value. Even after the increase in the US interest , what the monetary policy of advanced countries still without strict controls, and as a result will direct the speakers in Washington invited accustomed to politicians not to rely on central banks alone to drive economic growth again. The Guardian