World Economy

Lagarde Defends Globalization

Lagarde Defends GlobalizationLagarde Defends Globalization

Christine Lagarde, managing director of the International Monetary Fund, warned against the dangers of protectionism, Xinhua reported. In an interview published Friday by Le Parisien-Aujourd’hui en France newspaper, the IMF chief said: “Current uncertainties are not economic or financial, they are political.” Lagarde also defended the role of globalization in poverty reduction, saying “It (globalization) has provided advantages, the first order of which is a profound reduction of poverty.” According to the IMF chief, globalization has brought 300 million people out of poverty and reduced inequalities between countries.


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