CLEAN : World Bank chief economist warns trade tensions risk worsening poverty

The video discusses the importance of open markets and investment in global trade, highlighting challenges faced by developing countries, particularly in Africa. It warns against protectionism and emphasizes the need for market integration within Africa to harness its economic potential.

What is a potential consequence for countries that fail to make necessary investments?

• They will become global leaders in trade.

• They may fall back into poverty.

• They will experience rapid economic growth.

• They will have a surplus of resources.

What trend is observed among many advanced countries regarding trade?

• They are focusing on technological advancements.

• They are moving towards open markets.

• They are adopting more protectionist policies.

• They are increasing foreign investments.

Why is it important for developing countries to embrace their new economic status?

• To avoid international trade agreements.

• To contribute positively to the global economy.

• To ensure they remain dependent on foreign aid.

• To maintain their cultural heritage.

What is a key factor for Africa to harness its trade potential?

• Increasing exports to Europe.

• Integrating its internal markets.

• Focusing solely on natural resources.

• Reducing its population growth.

What does Africa need to do to enhance trade within the continent?

• Increase tariffs on imports.

• Focus on exporting raw materials.

• Limit trade to neighboring countries.

• Develop a unified market system.