Power Shift: Do we need better global economic institutions?

Article

Over the past year, the powerful international agencies - the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank - have been emasculated. International institutions influence the fears and aspirations of societies and in this they are crucial to managing globalisation. This paper outlines the case for reform of the WTO, the IMF, and the World Bank.

The world is changing. We are now at the beginning of a new era, shaped by technological, economic and social progress and by global interdependence. What happens in one place now affects those of us who live elsewhere.

Over the past year, the powerful international agencies - the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank - have been emasculated. International institutions influence the fears and aspirations of societies and in this they are crucial to managing globalisation.

This paper outlines the case for reform of the WTO, the IMF, and the World Bank.

Related items

  1. Dramatic high-angle drone photograph of decommissioned oil platforms anchored in the Cromarty Firth, near Invergordon, Scotland, as the sun sets over a calm North Sea

    Allies for delivery: Rebuilding faith in Scottish politics via the North Sea

    Can Scottish politicians still build enough of a consensus to deliver meaningful change for disillusioned voters?
  2. A busy high street in Kingston-upon-Thames, London. Shoppers walking beneath multi-coloured bunting

    Bricks vs clicks: The case for an online sales tax

    It's time to rethink how we tax retail.
  3. A pound coin sits on top of a newspaper showing an image of a line graph

    Cost of living, economic growth and stability: How to make this autumn budget a success

    In the autumn budget the chancellor can take three steps towards improving people's living standards.