Emerging market economies generally take “a more favourable view” of trade and its labour market impact than their advanced-economy counterparts, according to the managing director of the International Monetary Fund.
In her opening remarks at the IMF and World Bank’s annual meeting, Christine Lagarde took stock of how trade had “negatively” affected emerging markets following their integration into international trade networks.
“These include rising income inequality, increasing wage premia fo
- Latvian police detain central bank governor on corruption charges
- RBI under pressure from alleged banking fraud scandal
- Ireland withdraws Lane’s nomination for ECB vice president
- Saudi Arabia’s Alkholifey on economic restructuring, reserves and cyber security
- Central banks mull securities lending as response to low yields