imf managing director christine lagarde says globalization is not under threat, but acknowledges thate to ensure the benefits are shared fairly. lagarde spoke exclusively with bloomberg at the aipac summit. lagarde: from my perspective, leaders have focused on themes, such as inclusive growth, such as innovation to produce more productivity, such as creating jobs, such as adjusting to the digital economy. those are leading initiatives, which we had advocated, and which we believe are in good synchronization of the development we are seeing around the world. reporter: we are also seeing divergent views, especially when it comes to globalization and trade policy. is globalization under threat, even of china's president says it is irreversible? christine lagarde: i don't think globalization is under threat. what is under threat and needs to be addressed is who benefits from globalization? and i think that is an area where everybody needs to pay more attention. globalization, as well as the benefit of technology and innovation, must flow to all. and they cannot be groups of people, region

mark: imf manager christine lagarde speaking exclusively with bloomberg in vietnam.the bloomberg business flash. the stage is set for what would be the largest technology takeover battle in history. qualcomm has rejected broadcom's offer. the company called it an opportunistic move to buy the ship maker on the cheap. it might face regulatory scrutiny that could keep it from growing -- going through. shares of mattel soaring. hasbro has discussed buying the company. that would unite the two biggest touring makers -- toymakers in the u.s. that's the latest bloomberg business flash. coming up, can ipo's take on the fang? this is bloomberg. ♪ julie: time for our global battle of the charts where we take a look at some of the most telling charts of the day and what they mean for investors. you can access these charts on the bloomberg by running the function featured at the bottom of your screen. ticking off as a first timer today. a first timer is today. you look at ipo's over the last few years there's a lot of talking these days about the ipo market being down. i'm here

christine lagarde is talking about growth in the asia-pacific region around 5.5%.t the gcc, that is a must the lowest in the world. at 1% may even be less than that if saudi arabia posts april your recession like i expect them to do. the gcc has been a sore spot in this region, there are bright spots, turkey despite all of the political risks that are going on, investors don't really care about that. it is the economic story that is attracting them. be as high asould around 10%. then closer to home, in places like egypt they are slowly recovering from their payment crisis is as well. rally, investors are the more confident that momentum is on track. we got a nice encouraging statement out of the lineup over the weekend saying they have been making progress on their imf programs. it is actually eluded more of an optimistic outlook as we head into 2018. >> italic people may be differentiating element more than they were before. >> we have to leave it there. they keep her joining us today. the founder and chief economist for s research and of course always nice to see

christine lagarde said the chinese were listening and trying to take steps. max, and encouraging foreign firms to get involved. the wto 16 joined years ago, foreign banks and investors are 1.3% of china's banking system, so tiny. we may now get to see that pick it is increase, but always about the devil in the details, so we are expecting policymakers to outline more get moreetime soon and details about where this takes us, but certainly welcome broadly by jp morgan, morgan stanley, ubs so far. >> stick with us. we want to bring in andrew callier in our hong kong studio. don'tis still a lot we know, terms, pace at which china is ready to open up, questions about the timeline and market access. you said you were surprised. how significant? significant if china gives access to western and foreign firms. the question is the timeline and what opportunities there are. there is a big mismatch between what the chinese want and what foreign banks want. >> couldn't this be a win-win situation? foreign banks have been keen on entering the chinese markets, and perhaps t

speaking to bloomberg, christine lagarde says china is listening to warnings about excessive debt andeeking action to wind back leverage. she says that shows a newfound confidence. >> effect that it is considering to remove at least partially those barriers, and to move above the threshold of 50% then gradually eliminate the thresholds, that is an indication of two things -- ope nness, and also better strength and confidence. >> south korea says little pressure on the north seems to be having an effect with no missile launchers or provocative behavior for almost two months. fears kim jong-un would test a weapon during president trump's visit to asia turned out to be unfounded. the foreign minister said sanctions are working, but the south must remain strong. >> we need to be absolutely confident of our defense deterrent posture combined with the u.s. forces. but south korea's -- we need to constantly upgrade and update our military capabilities. we have a very important agreement with the united states that yes, south korea will continue to develop and acquire state-of-the-art militar

christine lagarde says china is taking action to wind back leverage. says that shows a newfound confidence. isthe fact and that it considering to remove at least partially those barriers, to move above the threshold of 50%, then to gradually eliminate those thresholds, that is an indication of openness and also that her strength and confidence in their own system. >> south korea says global pressure on the north seems to be having an effect with no missile launches or provocative behavior for almost two months. there were fears that kim jong-un would test a weapon during president trump's trip to asia. >> we need to be absolutely confident of our deterrent posture, the combined deterrent posture with u.s. forces, but south korea's own deterrent capabilities. constantlye need to upgrade and update our military capabilities, and we have a very important agreement with the united states that south korea will continue to develop and acquire state of the art military assets. >> global news 24 hours a day powered by more than 2700 journalists and analysts in

christine lagarde described the china move as a positive event. is considering to remove at least partially those barriers and then gradually eliminate those threshold, that is an indication of openness and better strengthen confidence in their own system. nejra: global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm nejra cehic. this is bloomberg. francine: let's talk political risk in europe. italy has an election coming up. the latest polling shows the populace party getting support, currently leading the polls. it is also not over in catalonia. the plan to restore stability and is on preventing separatists from winning the majority in the election. on prime minister called for december 21. polls suggest that vote could be a knife edge. how do you position your portfolio have those risks? joseph marie oughourlian is the and is with us. they do so much for coming on. opportunity or not in your? joseph: -- opportunity or not in europe. ? joseph: we think about questions are attractive. earni

christine lagarde spoke to us at the apec summit in vietnam.obalization and gave her key takeaway from the summit. >> the key takeaway from our perspective is that leaders have focused on themes such as inclusive growth. such as innovation, to produce more productivity, such as creating jobs, adjusting through the digital economy. those are really leading initiatives which tell me that we have advocated and we believe -- which certainly we have advocated and we believe we are in good condition in our developments around the world. host: is globalization under threat even though the chinese president as it is irreversible? guest: i do not think globalization is under threat. what is under threat and needs to be addressed, is who benefits from globalization? i think that is an area where everybody needs to pay more attention. globalization, as well as the benefit of technologies and innovations must flow to all. there cannot be groups of people or regions of the world or countries which do not benefit from globalization, or who are left behind an

we will your comments exclusive from imf director christine lagarde on how the debate could ship global a look at where european equities are trading right now. 30 minutes away from the end of the monday session. look

the reason we picked it we've been all over this theme on "worldwide exchange" this is what christine lagarde was telling us about why she upgraded the global economic forecast for the first time in years. >> i don't think it's fine to say that europe has had its problems there's a lot of underlying problems in the eurozone and the growth we're seeing is reliant on the loose policy. if you look at the u6 unemployment rate, that is at 18% still across the eurozone. the same measure stateside is at 9% i think there's a lot of issues there. >> it's all relative >> it's a ul relatiall relative you saw policy removed in the same vain in europe and japan, you wouldn't have the same movement as we have in the u.s it's still very much monetary policy induced worldwide >> but we're still in the sweet spot, the fact is for the first time since 2010 you have a lot of major economies contributing to global economic growth. you have to look at an earnings report like mondelez to understand that which is 80% of its sales abroad such improvement in places like latin america and asia and europe and even nort

director has sounded and optimistic note on global growth, excluding speaking as exclusively with christine lagarde. >> the global economy is recovering. we went from 3.2% last year, this year, 3.7 next year, catching up with pre-financial crisis levels. continue to be this growth engine it has been. compared with the outrage of %, but in asia i did mym my are at 1.2%. you have countries that are relatively at low inflation levels. we believe monetary policy must recoveryto support and impact price levels. but there are places where inflation is quite sensible and good levels. anna: having said that, do you see several bags in asisa tightening in 2018. monetary policy will be tightened in those countries where the economy is picking up, efficiently fast, and we are seeing rising inflation. this is going to be the case fo rthe u.s. the u.k. has recently raised interest rates again. but in this part of the world, i'm not sure i'm seeing it the right way. china yesterday opened of further the financial sector. is it normal? or is it significant? was telling your friend that financial services have to

managing director christine lagarde at the imf talked about bitcoin in a quite a positive light.ced emerging markets and countries that had failed currencies to when you think of a country with a failed currency, you think of zimbabwe. does that support a large governmental institution for these kinds of things, for countries that cannot establish their own currency, have a history of no currency, and in some ways, dare i say, bitcoin offers some sort of stability in some sense? bob: it provides than alternative, and it provides them a place to move some money out of the country completely undetected. i do not think that it's really the safest for stability going forward. stability really comes from a sense of confidence, the markets, and you see the movements in the price of bitcoin in the last couple of weeks, and i would not say those are particularly deep markets. you get uncertainties about the competitiveness and stability and certainly the price is down 20% in a matter of days. look, i think it is serving a purpose. some of it is constructive. i do not think most of it is