William C Dudley: Making globalization work
By Bank for International Settlements (BIS)
In this comprehensive 2018 address, William C. Dudley, then-President of the Federal Reserve Bank of New York, provides a spirited defense of globalization while candidly addressing its socio-economic costs. Dudley frames globalization as a powerful engine for raising global living standards, citing that trade as a percentage of global GDP rose from 40% in 1990 to 54% by 2016.
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