Total global external liabilities have grown from 30 per cent to 190 per cent of global GDP between 1980 and 2015, far outpacing the growth in global trade (from 19 per cent to 28 per cent of GDP over the same period).
However, given the inherent difficulties of some of the issues discussed here today, symposiums like today’s are also valuable in shaping our understanding of the problems at hand and providing new perspectives on feasible solutions. Measured against this yardstick, the symposium has more than met my expectations.