Without growth “inevitably, people will struggle,” Pinelopi Koujianou Goldberg said in an interview with AFP.
“This means that some countries will never manage to get out of poverty,” said Koujianou Goldberg, who has joint US-Greek nationality. The World Bank and International Monetary Fund are among forecasters who have cut projections for growth this year and next, and the trade wars have continued and even worsened in recent months.
These production links involve parts and components going back and forth across borders to finally produce finished goods for sale. The World Bank is urging countries to focus on reforms that allow them to tap into these global value chains. For the least developed economies, that could be as simple as improving logistics to reduce log jams for goods at the border, she said.
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