Empowerment

Empowerment is about economic opportunity, the ability to freely choose one’s own path in life in accordance with one’s distinctive talents and abilities. It is about cutting away obstacles to true human flourishing.

I want to address three distinct layers of empowerment:

First, the empowerment of the individual—and what that means for economic policies.

Second, what is needed to help individual empowerment—the empowerment of institutions.

Third, what is needed in turn to help national economies flourish—the empowerment of multilateralism.

We must do whatever we can to help people help themselves, to let people lift themselves up—through enabling policies, enabling institutions, and enabling modes of international cooperation.

https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp060614

Citation: IMF