Challenges Of Globalization In Africa

Remarks by Stanley Fischer First Deputy Managing Director multinational fiscal Fund at the France-Africa Summit Yaoundé, Cameroon January 19, 2001 President Biya, Your Excellencies, Ladies and Gentlemen: Thank you rattling much for the invitation to participate, on behalf of the International Monetary Fund, in this convention on globalization. It is a joy and an honor to be here. exactly I must proclaim to a certain bother in speaking on the second day of the conference, for about everything that should be said has already been said, especi eithery in the excellent speeches at the opening session. Nonetheless, anyow me try to give a status from the IMF, starting with a few general points. First, globalization is multi-faceted, with numerous important dimensions - frugal and social, political and environmental, ethnic and religious - which bear on everyone in or so way. Its implications range from the trade and investing flows that interest economists, to changes that we look into in our everyday lives: the slake with which we contain talk to people all over the world; the ease and speed with which data can be transmitted round 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 - just now it is human capital intensive, and therein lies one of the implications of globalization for frugal and social policy. Second, globalization is not new. Economic globalization is as old as history, a reflection of the human scram 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 drive home pi cked up in recent decades, thanks to three d! riving...If you call for to get a full essay, order it on our website: OrderCustomPaper.com

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