All policymakers are struggling to understand global and technological changes that appear to have profoundly altered world economic developments. For most economic participants, these changes appear to have had positive effects on their economic well-being. But a significant minority, trapped on the adverse side of the market's process of creative destruction, are suffering.
This is an issue that needs to be more fully addressed if globalization is to sustain the public support it requires to make further progress. 6  BIS Review 16/2005