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IMF chief hits out at politicians' protectionist stance

Lagarde sees need to "pursue policies that extend the benefits of openness" while "alleviating their side-effects"

Ms Lagarde acknowledged that globalisation has benefited emerging and developing economies especially, and that the entry of China and India into global trading has had "far-reaching effects".


INTERNATIONAL Monetary Fund (IMF) managing director Christine Lagarde has voiced alarm at what she says is "the growing risk of politicians seeking office by promising to get tough with foreign trade partners through punitive tariffs or other restrictions on trade".

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