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
Navigating in the fog: Why the OBR should hold its nerve on the productivity forecast
The fiscal watchdog is under pressure to downgrade its forecast, costing the chancellor billions – but this would be premature.Everyday concerns: What people want from transport
Transport has a key role to play in achieving the UK government's missions and improving lives.Reforming gambling taxation: How to lift half a million children out of poverty
A key priority for the government’s upcoming child poverty strategy should be to remove the two-child limit and scrap the household benefit cap.