Should we endeavor to freeze competitive progress in place, we will almost certainly slow economic growth overall, and impart substantial harm to those workers who would otherwise seek more effective longer-term job opportunities. Protecting markets from new technologies has never succeeded. Adjustments to newer technologies have been delayed, but only at significant cost.
Klaas Knot: The road ahead - lifting barriers for cross-border payments Speech by Mr Klaas Knot, President of the Netherlands Bank, at the FINSYS commemoration of Professor Benno Joseph Ndulu on “Realizing a Cross-Border Payment Vision for the Advancement of the African Continental Free Trade Area (AfCFTA)”, virtual, 22 February 2022. * * * Hello everyone.