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. An illustration of an ideal public transport system: a smiling family cross a road near a green bus with houses and trees in the background

    The transport challenge for low-income households

    Many people living on low incomes in the UK are limited in their ability to access the building blocks of a good life because of poor transport provision.

  2. Towards universal opportunity for young people

    Outlining a vision for young people which could increase social mobility while also reducing inequality and disadvantage, so that every young person has the opportunity to build a decent life.

  3. Harry Quilter-Pinner on Channel 4 News discussing one year of Labour and Starmer in power