East Asia (China, Japan, and the NIEs) ran a $600 billion current account surplus in 2017. "Official" (central bank and sovereign fund) outflows accounted for about half of that. Asia's foreign exchange market intervention isn't as overt as it once was, but also hasn't entirely gone away.
President of the World Bank Group Jim Yong Kim discusses strategies for promoting sustainable, inclusive economic growth, including the Bank Group’s newest initiative, the Human Capital Project, and how investing in people is imperative to maintaining stability and building equality of opportunity.
Up until 2014, the growth in central bank dollar reserves closely mapped to the increase in U.S. net external debt. The past few years have been different: for the first time in a long time, yield-starved private investors in Europe and Japan, not emerging market reserve managers, financed the United States' external deficit.
Dan Schulman discusses how globalization defines today's consumer and the value of public-private partnerships and how they accelerate innovation. He will also address responsible leadership, and how businesses can drive lasting economic and socioeconomic impact.