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Abstract

IMF Managing Director Christine Lagarde’s speech of June 17, 2015, proposes policies and reforms to deal with growing social and economic inequality.

Christine Lagarde

Lifting the Small Boats

Address to Grandes Conférences Catholiques Brussels · June 17, 2015

International Monetary Fund Managing Director Christine Lagarde delivered this address, “Lifting the Small Boats,” to the Grandes Conférences Catholiques in Brussels on June 17, 2015.

Copyright © 2015

International Monetary Fund

Washington, D.C. 20090, U.S.A.

All Rights Reserved

ISBN: 978-1-51351297-6 (paper)

978-1-51356911-6 (ePub)

978-1-51355838-7 (Mobi)

978-1-51354258-4 (web PDF)

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Contents

  • Lifting the Small Boats

    • Introduction

      • 1. The Global Economic Weather Is Not Helping Much

      • 2. Causes and Consequences of Excessive Inequality

        • New Consensus

        • Drivers of Excessive Inequality

      • 3. Policies for Stronger, More Inclusive, More Sustainable Growth

        • Smart Fiscal Policy

        • Structural Reforms

    • Conclusion

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