Globalisation has delivered economic opportunity for billions of people, yet many have been left behind. Now, empowered by a digital economy and free trade in the world’s high-growth markets, we have the potential to forge a new age of inclusive globalisation, writes Essa Kazim, governor of the Dubai International Financial Centre.
Deliberate, coherent and consistent application of four lessons learned from using macroprudential policies over the past decade will help to mitigate boom-bust cycles in housing markets.