1/6  BIS central bankers' speeches  Were the Luddites right? Let me dive right into my first point. In the past couple of centuries, the world has seen revolutionary innovations like the steam engine, the combine, the jet engine and the assembly-line robot.
The current problems in Argentina have served as a catalyst to refocus the attention of the international community on what was needed "to increase the predictability and reduce the uncertainty about official policy actions in the emerging markets."