Christine Lagarde says governments must invest in education,prick red tape and encourage innovation to drive up growthThe head of the International Monetary Fund has issued a stark warning that living standards will topple around the world unless governments take urgent action to increase productivity by investing in education, cutting red tape and incentivising research and development.
Christine Lagarde used a speech in Washington to reveal policymakers they could not simply wait for innovation to drive up productivity growth and help living standards recover from the legacy of the global financial crisis. Related: Ignore the nanny-state claims – credit card firms need to help those in long-term debt | Nils Pratley Continue reading...
Source: theguardian.com