New Approach to Economic Challenges

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dc.creatorKim, Jim Yong
dc.date2018-10-31T18:22:15Z
dc.date2018-10-31T18:22:15Z
dc.date2016-07-24
dc.date.accessioned2026-07-01T00:48:59Z
dc.descriptionJim Yong Kim, President of the World Bank, spoke about economic challenges requiring a new approach. Growth forecasts are modest and risks are increasing. The reform agenda includes fiscal and monetary policies to support demand, more investment in infrastructure, further integration in the world economy, structural reforms in labor markets, the financial sector, and the business climate to better allocate resource, and investment in innovation systems to accelerate technical change. One key drivers of discontent is rising inequality. The productivity slowdown and rising inequality are related. The challenge is to create wealth with reasonably equal distribution to sustain the momentum for reform. This will require active labor market policies and retraining. We will need infrastructure that connects people. We need to invest more in people. Concessional finance can provide the leverage for these reforms. We need to commit to creating a world in which truly there is equality of opportunity.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/851111536672124131/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-on-a-New-Approach-to-Economic-Challenges
dc.identifierhttps://hdl.handle.net/10986/30635
dc.identifier10.1596/30635
dc.identifier.urihttp://hdl.handle.net/123456789/411434
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationSpeech at China-MOF-OECD High-Level G20 Workshop, July 24, 2016, Chengdu, China;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectPRODUCTIVITY
dc.subjectECONOMIC GROWTH
dc.subjectREFORM AGENDA
dc.subjectGROWTH DRIVERS
dc.subjectINEQUALITY
dc.subjectSHARED PROSPERITY
dc.subjectLABOR POLICIES
dc.subjectINFRASTRUCTURE
dc.subjectCONNECTIVITY
dc.subjectINTERNET ACCESS
dc.subjectEXTREME POVERTY
dc.subjectLABOR MARKET
dc.subjectEDUCATION
dc.subjectNUTRITION
dc.subjectSTUNTING
dc.subjectOFFICIAL DEVELOPMENT ASSISTANCE
dc.titleNew Approach to Economic Challenges
dc.typeSpeech
dc.typeDiscours
dc.typeDiscurso

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