EBRD President calls for ‘better, not less globalisation’

By EBRD  Press Office
@ebrd

Globalisation and a map of the interconnected world

Read the full speech

Greater opportunities for all and improved market access key

The world’s economies should adapt their approach to globalisation to boost inclusion and fight inequality, the EBRD’s President said today.

But they also need to pursue further economic integration and work even more closely together to deliver their real priorities, Sir Suma Chakrabarti argued in a speech in Washington D.C.

Sir Suma expressed concern that supporters of globalisation and everything it has done for our world in recent decades were ceding ground to their opponents.

But in a speech entitled ‘Globalisation: the Fight Back’ he set out a positive vision of what its values could achieve in the future.

‘We need to do a better job of delivering growth and distributing its fruits more equitably,’ he said, speaking at the EBRD’s new office in the US capital.

‘The best way to do that is to create greater opportunities for all, opportunities that transcend gender, race or social background.

‘And to improve access to markets, global or otherwise, whether literally, through new physical infrastructure, or via enhanced access to financial services.

‘So better globalisation, not less of it.’

Successful modern economies must be inclusive, green, resilient, to enjoy good governance and ‘last but not least they need to be integrated,’ he said.