Washington — Supporters of globalisation need to develop a new way to promote open markets that relies on smaller trade deals and helps people who are feeling left out, says IMF MD Christine Lagarde. "I certainly hope there is not a move toward deglobalisation," Lagarde said on Friday in an interview with Bloomberg News editor-in-chief John Micklethwait in New York. "I equally think we have to move toward globalisation that has a different face, and which is not excluding people along the way." In a wide-ranging interview touching on topics from women’s issues to Brexit, Lagarde laid bare the challenges policy makers are facing in a world beset by sluggish growth and a groundswell in antitrade sentiment. With the prospect of a global trade deal seeming like a distant hope, globalisation was "clearly taking a different form" than had imagined, she said. "A new framework has to be invented. I hope it can be proposed in a sufficiently attractive way that’s compatible with regional or b...
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