Lagarde: We Must Make Sure Everyone Benefits From Globalization

IMF managing director Christine Lagarde tells Richard Quest that there are many positive aspects to globalization and that it's raised millions out of poverty.

Jan 24th, 2017
More in Global
An Amazon truck drives in in Philadelphia on April 30.
Amazon to Make 75K Supply Chain Hires; Offers Vaccine Bonus
The jobs are for delivery and warehouse workers, who pack and ship online orders.
May 13th, 2021
Special Presidential Envoy for Climate John Kerry during a press briefing at the White House, April 22, 2021.
US Weighs Sanctions on China Solar Over Forced Labor
Much of the world’s polysilicon comes through China’s Xinjiang province.
May 13th, 2021
In this July 9, 2018, file photo, an advertisement for Xiaomi is displayed at a subway station in Hong Kong. China’s commerce ministry said Thursday that the removal of Xiaomi Corp. from a U.S. government blacklist was beneficial, a day after the U.S. reversed a ban on U.S. investments in the smartphone maker imposed by former President Donald Trump.
US Reverses Ban on Chinese Smartphone Maker
Xiaomi sued the U.S. government after the Trump administration blacklisted the company in January.
May 13th, 2021
39th session of the General Conference at the UNESCO headquarters in Paris, Nov. 4, 2017.
Beyond Vaccines, UNESCO Wants More Science Shared
Experts say the pandemic has shown that sharing sensitive research is possible.
May 12th, 2021
Amazon Ap21132356423105
Amazon Wins $300M EU Court Tax Ruling
The EU has taken aim at deals between individual countries and companies that ultimately lead EU states to compete against each other.
May 12th, 2021
This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt on March 25.
Part of Suez Canal to Be Expanded in Wake of Debacle
Egypt plans to widen and deepen the southern part of the canal, where a stuck vessel closed off the crucial waterway in March.
May 11th, 2021
In this file photo, workers discharge gas from a truck to supply a gas station with fuel in the Iztapalapa area of Mexico City.
Mexican Judge Rules Against President's Gas Law
The law allowed Mexico's government to seize private gas stations in case of "imminent danger to national security" — and give them to the state-owed Pemex.
May 11th, 2021
A woman walks by an H&M clothing store at a shopping mall in Beijing on March 26, 2021. An American business group warned Tuesday, May 11, 2021 that government-instigated consumer boycotts of foreign shoe, clothing and other brands in China are making companies less willing to invest. Brands including Swedish retailer H&M, Adidas and Nike have been targeted by demands online for consumer boycotts. That came after state media criticized them for expressing concern about reports of possible forced labor by ethnic minorities in the Xinjiang region of China's northwest.
China's Boycotts Are Spooking Investors
Retailers like H&M, Adidas and Nike have been targeted for boycotts after they voiced concerns over Chinese labor issues.
May 11th, 2021
Delegates talk near an ElectraMeccanica single-user electric vehicle during the inaugural B.C. Tech Summit in Vancouver, B.C., on Monday, Jan. 18, 2016.
3-Wheeled Car Factory Coming to US
It will produce 20,000 EVs each year.
May 10th, 2021
Lionelectrictn
EV Maker Picks IL for First-Ever US Plant
It will create 745 jobs initially and 1,400 within six years.
May 10th, 2021
A forklift driver loads material for temporary shelters to be sent to India.
Long-Haul Carrier Emirates Shipping Free Aid to India
This should mean major savings for aid groups as airfreight costs have skyrocketed amid the pandemic.
May 10th, 2021
In this April 29, 2021, file photo released by China's Xinhua News Agency, a Long March 5B rocket carrying a module for a Chinese space station lifts off from the Wenchang Spacecraft Launch Site in Wenchang.
China Discounts Possible Harm from Falling Rocket
The rocket that launched the main module of China's first permanent space station is expected to plunge back to Earth at an unknown time and location.
May 7th, 2021