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Mr. Paul R Masson
Globalization has become the focus for a wide range of protests against various features of the world economy. This paper aims to give a concise summary of the economic dimensions of globalization, while leaving to one side other aspects—such as cultural, environmental, or political ones—that are beyond the scope of the IMF. Periods of increased globalization have tended to be associated with technological innovations that reduce transportation and communications costs and with generally rising standards of living. Moreover, countries that have embraced openness to the rest of the world have done better than those that have not. Nevertheless, globalization may also be associated with increased inequality and volatility, which may justify strengthening domestic safety nets and financial supervision and regulation, and enhancing international economic policy coordination. The IMF helps to ensure economic gains from globalization by encouraging trade liberalization, reducing countries’ vulnerability to crises, lending to them when they are in difficulty, and assisting them in putting in place structural reforms that help reduce poverty.
International Monetary Fund. External Relations Dept.

14 IMF Managing Director Rodrigo de Rato to attend Central African Economic and Monetary Community (CEMAC) Summit, Bata, Equatorial Guinea

International Monetary Fund. External Relations Dept.

2–3 36th Washington Conference on the Americas, “Creating Jobs, Building Hope: The Hemispheric Growth Agenda in a Changing World,” Washington, D.C., United States

International Monetary Fund. External Relations Dept.

29 IMF Book Forum, “Is Globalization Here to Stay?” with Jeffry Frieden, author of Global Capitalism: Its Fall and Rise in the Twentieth Century, Washington, D.C., United States

International Monetary Fund. External Relations Dept.

28-March 1 Joint IMF-Africa Institute high-level seminar, “Realizing the Potential for Profitable Investment in Africa,” Tunis, Tunisia