GLOBALES: New World Bank CEO defends localization, warns against protectionism
 Inicio > Internacionales | Publicado el Martes, 21 de Marzo del 2017
GLOBALES: New World Bank CEO defends localization, warns against protectionism


Reuters / BEIJING The World Bank's newly appointed chief executive gave a spirited defense of globalization during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away.

Kristalina Georgieva, a Bulgarian who took up her post at the multilateral development lender at the start of this year, also praised China for its commitment to economic reforms and open markets.

"Open markets, trade, division of labor has worked extremely well for the poorer countries," she told Reuters in an interview late on Monday.

But wealthier countries also have benefited from rising middle classes, which are demanding more exports from advanced economies, said Georgieva, a former vice president of the European Commission.

In Germany over the weekend, finance ministers and central bankers from 20 rich nations dropped a former pledge in their communique to keep global trade free and open, acquiescing to an increasingly protectionist U.S. administration.

Georgieva called for an "intelligent, calm conversation" about sharing the benefits of globalization more broadly.

Warning against protectionist policies, she said every country would be hurt if decades of integration and interdependence were unraveled.

"It's impossible to say, now we are in this boat, but it is only your end of the boat that is sinking," said Georgieva.

Rather than erect trade barriers, economies should encourage competition which boosts innovation and raises productivity, she said.

Georgieva called for China's government to continue opening up the domestic market to competition, and move forward with reforms to create "a more dynamic economy".

"In 2016, 35 percent of growth in the world came from China," she said. "While this contribution is going to gradually decline somewhat, it is very significant."

China has said it is targeting economic growth of about 6.5 percent, after it reported growth of 6.7 percent last year.

The World Bank, through the International Bank for Reconstruction and Development, is now providing about $2 billion annually in lending to China, and is involved in projects ranging from pollution controls to urban and rural development.

Georgieva said the biggest challenges facing the World Bank remain in those countries torn apart by conflict and facing famine.

"It is horrible to have the shadow of famine in the 21st century," she said, pointing to situations in South Sudan, Somalia, Yemen and northern Nigeria.

"Our biggest fear is related to that kind of devastation combining the force of nature with the evil of men."



(Reporting by Matthew Miller; Editing by Ryan Woo and Simon Cameron-Moore)

GLOBALES: New World Bank CEO defends localization, warns against protectionism

Con Información de Reuters

http://entornointeligente.com/articulo/9756308/GLOBALES-New-World-Bank-CEO-defends-localization-warns-against-protectionism

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Es hora de actuar y mejorar tu reputación on line. Contáctanos.
http://www.smart-reputation.com





Destacadas


Once toneladas de alimentos; nueve bandas desmanteladas; material estratégico y sustancias químicas, fue parte del resultado de los operativos de seguridad realizados en el territorio nacional, por funcionarios de la...

Ads by Web24

Regístrate y conviértete en un experto en publicidad
Http:/www.adscoins.com

El Universal / Hay dolor y luto en los municipios de Turbana y San Estanislao de Kostka (Arenal). En accidentes en moto que ocurrieron en estas poblaciones, entre la noche del...


El Universal / En las últimas horas, el Consejo de Estado anuló la elección de Nubia Fontalvo como contralora de Cartagena, para el período 2016-2019. Esta decisión se da luego de...

Ads by Web24

Todas las noticias del mundo te esperan en este novedoso boletín. Suscríbete!!!
http://www.entornointeligente.com

El Universal / Un aberrante hecho de intolerancia ocurrió en Policarpa. Tras una discusión por $5.000 fue asesinado el reciclador Aumerlis Julio Figueroa, quien tenía 31 años. Este deja tres hijos...

Ads by Web24

Regístrate aquí y forma parte del selecto grupo de lectores de EntornoInteligente
http://www.entornointeligente.com
ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS MEDIOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM