US NEWS: Finance Leaders Defend Trade, Worry About Those Left Behind




April 21 | By: Martin Crutsinger & Paul Wiseman.  

World finance leaders, confronted by a growing backlash against globalization, will seek to build support for free trade by finding ways to help those left behind.

World Bank President Jim Yong Kim said he was “very much aware of the fact that there are many who have not benefited from globalization, who are very angry at the fact that they have not benefited.”

Christine Lagarde, managing director of the International Monetary Fund, noted that the global economy is expanding at a healthier clip this year but said, “We need to make that global growth more inclusive.” She suggested raising the minimum wage in some cases, providing tax breaks to the poor, and offering the unemployed training and financial help moving to where the jobs are.

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