But the international architecture must adapt to a fast-changing world
Today fewer than 1 in 10 of the world’s people are poor, a fourfold reduction since 1990, as low- and middle-income countries have doubled their share of global trade. Pivotal to this leap in global income is a twentyfold increase in international trade since 1960.
The article was published in the IMF's Finance&Development magazine. Click here to access the article.
Source: Kristalina Georgieva, Ngozi Okonjo-Iweala. IMF, Finance&Development, September 2023 issue
Illustration: ADOBE STOCK | JBQDESIGNSTUDIO