Challenges Of Globalization In Africa

Remarks by Stanley Fischer First representative Managing Director multinational Monetary Fund at the France-Africa Summit Yaoundé, Cameroon January 19, 2001 President Biya, Your Excellencies, Ladies and Gentlemen: Thank you genuinely much for the invitation to participate, on behalf of the international Monetary Fund, in this crowd on globalisation. It is a felicity and an honor to be here. and I must exclaim to a certain fuss in speaking on the second day of the conference, for some everything that should be say has already been said, especi eithery in the excellent speeches at the opening session. Nonetheless, eitherow me strive to give a positioning from the IMF, starting with a fewer general points. First, globalization is multi-faceted, with some important dimensions - frugal and social, policy-making and environmental, ethnic and religious - which hit everyone in or so way.

Its implications range from the trade and investment flows that interest economists, to changes that we enter in our everyday lives: the eternal sleep with which we contri juste talk to people all over the world; the ease and speed with which data jackpot be transmitted roughly the world; the ease of pilgrimage; the ease with which we can see and hear cleans and cultural events slightly the world; and most extraordinarily, the internet, which gives us the ability to admission the stores of cognition in virtually all the worlds computers. Equally remarkable, as was said yesterday, internet technology is not particularly pricey or capital intensive - but it is human capital intensive, and therein lies one of the implications of globalization for economic and social policy. Second, globalization is not new. Economic globalization is as old as history, a reflection of the human grounds to seek new horizons; globalization has usually advanced, though it has sometimes receded - most importantly, during the 1930s, the advance to field War II. The pace seems to harbour picked up in new decades, thanks to three driving...If you fatality to get a teeming essay, order it on our website: Ordercustompaper.com

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