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Thanks, Ashish, and thanks to the U.S.-India Business
Council, the Confederation of Indian Industry, and
the Bombay Stock Exchange for organizing this event.
As always, what I have to say reflects my views and
not necessarily those of the Federal Open Market
Committee or the Federal Reserve System.
1
It is a pleasure to have the opportunity today to talk
about the issue of globalization. Although the debate
about the benefits and challenges of globalization
1 MaryAmiti, John Clark, Gerard Dages, Matthew Higgins,
Tom Klitgaard and Joseph Tracy assisted in preparing these
remarks
is not new, it has recently come into sharper focus.
This debate is important to all of us, and I think it is
particularly relevant to India given its growing role in
the global economy.
Globalization means different things to different
people. In my remarks today, I will focus on the role
of globalization as a force for international economic
integration and economic development.
I will highlight three themes:
First, the important role that trade plays in promoting
higher standards of living globally.
BENEFITS AND CHALLENGES FROM
GLOBALISATION
Remarks by Mr William C Dudley, President and Chief Executive Officer of the Federal Reserve
Bank of New York, at the Bombay Stock Exchange, Mumbai, India, 11 May 2017
USA
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