Persistent failures of global governance reflect the broader shift from a unipolar to a multipolar world. With politics driving economics, rather than the other way around, the situation demands a rewiring of the global order, starting with ambitious reforms of the G20 and the Bretton Woods institutions.
EDINBURGH – After India’s G20 summit and the UN General Assembly this month, world leaders will attend the International Monetary Fund and World Bank meetings in Marrakesh, before heading to the UN Climate Change Conference (COP28) in Dubai. But there is little optimism that these summits will deliver meaningful progress in tackling our greatest challenges, not because of any lack of resolve, but because the global rulebook we have been following since the end of World War II is no longer fit for purpose.
EDINBURGH – After India’s G20 summit and the UN General Assembly this month, world leaders will attend the International Monetary Fund and World Bank meetings in Marrakesh, before heading to the UN Climate Change Conference (COP28) in Dubai. But there is little optimism that these summits will deliver meaningful progress in tackling our greatest challenges, not because of any lack of resolve, but because the global rulebook we have been following since the end of World War II is no longer fit for purpose.