Global growth

At the moment much is being written about the possible end of globalization as a driver of global growth. Although this may be an exaggerated notion, it is important not to be complacent about the threats to globalization. In many countries people are concerned about growing inequality and job insecurity, which many attribute to globalization. The growing success of radical left- and right-wing movements in recent elections and the increasing political pressure toward trade protectionism in many countries are signs of growing fears about globalization.

Many experts suggest that it is necessary to counter the risks to globalization through global efforts. The G20 is seeking, among other things, to promote a synergy of global infrastructure programs, promote policy coordination to support open trade, and developing diversified financing instruments for small and medium-sized enterprises... —