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Saving the International Economic Order
This autumn, the IMF and the World Bank will once again hold their annual conference in Washington, DC. At a time when the liberal international economic order that these institutions underpin is under threat, they cannot afford to stick to business as usual.
LONDON – This autumn, the International Monetary Fund and the World Bank will once again hold their annual conference in Washington, DC. At a time when the liberal world order that these institutions underpin is under threat, they cannot afford to stick with business as usual. Instead, they must consider deep reforms – and that will require abandoning the paternalistic, even hostile, tone that has often dominated discussion of the topic.