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Power shift: do we need better global economic institutions? (pdf 625kb)

The World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank are widely seen as the most powerful organisations of global economic governance. Yet each is falling well short of the role it might play in better managing globalisation.

This essay examines why the world needs institutions to manage trade, money and development assistance. It assesses how well the agencies we have are currently performing, and suggests how they could be made more effective.
 
 

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