Reports of Globalization’s Death Are Greatly Exaggerated

LONDON, June 18 (Reuters)--Claims that globalization has peaked are misplaced, the Bank for International Settlements, the central bank for the world’s central banks said on Sunday, although policymakers need to manage its side-effects carefully from here.

The BIS said the pace of globalization had been slowed by the global financial crisis, and that challenges created by an uneven distribution of wealth are known, but there was no basis to say it was going into reverse.

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