Ngozi Okonjo-Iweala, World Trade Organization Director-General, has called on leaders and policy-makers to rethink old growth models and ensure globalization works for all.
This message was conveyed during her participation in a session titled “No Recovery without Trade and Investment” (aka, “There’s better way to do globalization“) at the World Economic Forum Annual Meeting 2024, Davos (as shown).
“We need to think of globalization not in the way it was done before, but differently. And we need to make sure that those who did not benefit during the first round benefit this time,” says Ngozi.
She goes on to say: “The reason globalization got a bad name is because poor people in rich countries were left out, and poor countries or developing countries were at the margin. In the new paradigm, we don’t want to repeat the same story.”
Read on to see what Ngozi defines as a new, and more inclusive growth model for all.