Restoring the economy’s ability to deliver prosperity
Millions of people around the world have lost faith that the world economy can improve their lives. Instead of seeing value in open borders and the free exchange of information and ideas, they see only uncertainty about their futures, growing inequality and weaker productivity gains. Too few people benefit from new technologies that connect us and make the world smaller, and too many face the spectre of terror and conflict, forced migration and rising xenophobia. With globalisation in retreat, this dampened mood is holding back the potential of trade, finance, technology, and investment to improve lives.
In the developing world, significant headwinds now cloud growth prospects, threatening to undo hard fought development gains.