The International Monetary Fund (IMF) and the World Bank recently held their annual spring meetings, which, according to the organisers, produced a “strong message of confidence and a willingness to cooperate.” But lofty rhetoric and good intentions will not be enough to create a truly inclusive and sustainable economy fit for the twenty-first century. For that, deep structural change is needed.
Article by Mariana Mazzucati
Mariana Mazzucato:
The UN has warned that ‘humanity’s very survival’ is threatened. Radical reform of international finance is required.
The years leading up to the stock market crash in December 2008 were a classic example of an economic disaster that never should have happened. A minority of financial experts had cited obvious signs of a seriously weakening economy. Yet the leaders of our most prestigious financial institutions, and the government agencies that were supposed to regulate them, were oblivious to the dangers.
Read the article
Eurodad Director Jean Saldanha looks forward to the challenges and solutions in 2023.
Once crises subside, calls for more regulation, intervention and reform quickly evaporate as the government is told to withdraw. New financial opportunities are touted, instead of needed reforms.
Read the article by Jomo Kwame Sundaram
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