This led to a deepening of global value chains and, as China joined the world economy, a massive increase in the global labour supply.Īs a result, global supply became more elastic to changes in domestic demand, leading to a long period of relatively low and stable inflation. Under the hegemonic leadership of the United States, rules-based international institutions flourished and global trade expanded. In the time after the Cold War, the world benefited from a remarkably favourable geopolitical environment. ![]() In short, we could see two profound effects on the policy environment for central banks: first, we may see more instability as global supply elasticity wanes and second, we could see more multipolarity as geopolitical tensions continue to mount. And today in my remarks, I would like to explore what the implications might be for central banks. And this fragmentation may well coalesce around two blocs led respectively by the two largest economies in the world.Īll this could have far-reaching implications across many domains of policymaking. We are witnessing a fragmentation of the global economy into competing blocs, with each bloc trying to pull as much of the rest of the world closer to its respective strategic interests and shared values. Following the pandemic, Russia’s unjustified war against Ukraine, the weaponisation of energy, the sudden acceleration of inflation, as well as a growing rivalry between the United States and China, the tectonic plates of geopolitics are shifting faster. The global economy has been undergoing a period of transformative change. Peter McColough Series on International Economics Some features are available only on the latest version of iOS.Speech by Christine Lagarde, President of the ECB, at the Council on Foreign Relations’ C. Latest iOS features including Dark mode, Siri Shortcuts, the latest visual style, drag and drop, 3D Touch, Spotlight Search, Dynamic Type are fully supported. All those formats will work only if a document has no DRM. Supported document types are: PDF (including scanned documents), Microsoft Word (.docx), Microsoft PowerPoint (.pptx), OpenOffice/LibreOffice (.odt. ◦ The app can be used as an assistive technology and helper for people with visual impairments and disabilities like dyslexia (dyslexia friendly font is included in the app). ◦ OCR function to import the text from the camera or from the scanned PDF ◦ The app can be used with any of 27 languages that have text-to-speech support on iOS, and all major languages are supported for the full automatic recognition. ◦ Keyboard shortcuts for improved accessibility The widest selection of tools to control the speed and position of how the text is read aloud. ◦ Functions of audio buttons can be customized for high productivity and accessibility. Bookshare, an accessible online library is integrated into the app. ◦ The app is tested to be accessible with VoiceOver by legally blind users. ![]() ◦ Knowledge and text annotation tools built-in ![]() ![]() ◦ The widest support for documents/office and e-book formats The app implements state of the art features of voice readers for education: It was nominated for the best iOS accessible app in 2017 on AppleVis, the leading authority in the field of accessibility on Apple devices. With over 10,000 licenses sold and consistent ratings above 4 stars Speech Central is one of the leading global text-to-speech brands. ◦ rigorous testing to avoid bugs that can confuse children ◦ simplified interface suited for children that have started to read books The app doesn't collect any data about the users and keeps internet access limited. ◦ to meet all safety and privacy standards including those of App Store for kids and of any government regulation. ◦ to make learning more productive and accessible, helping everyone to find his way to better grades and greater knowledge. This edition of text to speech app is specially crafted for schools:
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