Senior central bank officials defend globalisation

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Senior central bankers from the South African Reserve Bank (Sarb) and Deutsche Bundesbank have argued against the claim that slow economic growth, increasing unemployment and higher inequality are the consequences of increased globalisation.

In an opinion article by Sarb deputy governor Daniel Mminele and executive board member of the Bundesbank Andreas Dombret, published on April 3, the pair focus on the growing support for tighter controls on trade and migration.

“Pushback against

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