Reforms to make the World Bank less dependent on the United States would enable them to be more effective
U.S. participation in the IMF and World Bank was authorized in the Bretton Woods Agreement Act that became law in July 1945.
Choosing Romer as World Bank chief economist attempts to restore past U.S. dominance in development banking.
Only 1 out of 10 people living in “transition” countries have seen a successful transition to capitalism and more democracy.
The World Bank subtly dodges debate about income inequality in rich countries.
The BRICS countries set out to overcome Western domination and the legacy of the “Washington Consensus.”
About a quarter of the world’s countries individually produce between 0.1% and 1% of global GDP.
In finance and beyond, how is global cooperation failing from its own prior wins?