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Cooperation for a New Age of Volatility

As advanced economies take the low road toward a new world of great-power rivalries, it is worth remembering that cooperation is what staved off a global depression just ten years ago. In the face of today's rising global threats, there is no good reason why multilateralism should not prevail once again.

JAKARTA – Managing an economy is not for the faint of heart. Policymakers must constantly monitor the ever-evolving global economic landscape, and anticipate lightning-fast changes that can breed volatility and uncertainty. As today’s political and economic turbulence attests, the impact of events in one place can be felt far and wide, but particularly in emerging economies.

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