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Opinion: The global economy is starting to create lose-lose situations

Next month, when finance ministers and central bank governors from more than 180 countries gather in Washington, D.C., for the annual meetings of the International Monetary Fund and the World Bank, they will confront a global economic order under increasing strain. Having failed to deliver the inclusive economic prosperity of which it is capable, that order is subject to growing doubts — and mounting challenges. Barring a course correction, the risks that today’s order will yield to a world economic non-order will only intensify. The current international economic order, spearheaded by the United States and its allies in the wake of World War II, is underpinned by multilateral institutions, including the IMF and the World Bank. Read more.
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