By David Lipton
There were a lot of dramatic headlines over the weekend suggesting that Brexit signals the beginning of the end of globalization. Surely, it is too soon to understand all the ramifications of the British referendum. But at the same time, today is surely a good day to make the case for multilateralism. While there are plenty of reasons to be concerned about the future, I will argue that globalization still has promise. But to achieve that promise, we will need a fresh look at multilateralism and the role the international financial institutions can play.
Filed under: Advanced Economies, Asia, developing countries, Emerging Markets, Europe, Globalization, IMF, International Monetary Fund | Tagged: advanced economies, Brexit, current account deficits, David Lipton, developing countries, emerging markets, Europe, Globalization, IMF, International Monetary Fund, multilateralism | Leave a comment »