Challenges Of Globalization In Africa

Remarks by Stanley Fischer First Deputy Managing Director multinational pecuniary Fund at the France-Africa Summit Yaoundé, Cameroon January 19, 2001 President Biya, Your Excellencies, Ladies and Gentlemen: Thank you re onlyy much for the invitation to participate, on behalf of the International Monetary Fund, in this company on globalization. It is a joy and an honor to be here. plainly I must proclaim to a certain trouble in speaking on the second day of the conference, for nigh everything that should be said has already been said, especi eithery in the excellent speeches at the opening session. Nonetheless, allow me try to give a military position from the IMF, starting with a few general points. First, globalization is multi-faceted, with many a(prenominal) important dimensions - frugal and social, political and environmental, ethnic and religious - which instill everyone in or so way.

Its implications range from the trade and investment funds flows that interest economists, to changes that we search in our everyday lives: the calm with which we stick out talk to people all over the world; the ease and speed with which data can be transmitted well-nigh the world; the ease of travel; the ease with which we can see and hear cleans and cultural events around the world; and most extraordinarily, the internet, which gives us the ability to admission the stores of knowledge 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 stinting and social policy. Second, globalization is not new. Economic globalization is as old as history, a reflection of the human political campaign to seek new horizons; globalization has usually advanced, though it has sometimes receded - most importantly, during the 1930s, the advance to World War II. The pace seems to get under ones skin picked up in recent decades, thanks to three driving...If you insufficiency to get a full essay, order it on our website: OrderCustomPaper.com

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