Benoît Cœuré: Taking back control of globalisation - sovereignty through European integration
By Bank for International Settlements (BIS)
In this extensive contribution, Benoît Cœuré addresses the growing global backlash against globalization, characterized by Brexit and rising protectionism. He argues that while fears regarding stability, fairness, and inequality are often rooted in reality, the solution is not to retreat within national borders, which would drastically reduce GDP and threaten millions of jobs.
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