I have been talking about a great divergence across countries, with advanced economies and strong emerging markets stepping up and low-income countries falling behind. We saw something very, very worrisome. About half of the developing countries that were catching up in income per capita before this crisis are now drifting further behind. That cannot be left to continue. It would be devastating for people in these countries, it is also very damaging for global security. They are either contact-industry-dependent, tourism-dependent countries, or they lost a lot of speed with the collapse of commodity and oil prices.

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