The world economy is presenting an
accelerated change. Protectionism, as the process of creating barriers to the
trade flows, automation as a process of adopting technology, especially in
manufacturing, digital data flows with globalized services, and climate change
as a systemic risk, create an environment with unprecedented developments.
The Drivers and Disrupters Report published
by Bloomberg, on November 2019, explores which countries are positioned to
seize the opportunities and which face heightened risks. The results show that
from rising tariffs to rising temperatures, low- and middle-income countries
face the biggest burden.
The main finding: Catching up is getting
harder. Low- and middle-income countries are, in general, poorly positioned to
adapt to disruptions. Without an early and ambitious response forged at
national and international levels, the number of countries moving from low- to
middle-income status, and then on to high-income -already a limited number-
could dwindle further.
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