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Global economic governance

 

 

 

 

 

The painfully acquired awareness of the need for an international rules-based framework is what led to building the existing multilateral system, a system that has made important contributions to the unprecedented progress and economic growth that many countries have enjoyed since the end of the Second World War. Yet, the challenges of globalization today cannot adequately be handled by a system that was designed largely for the world of more than half a century ago. For a range of common problems the world has no formal institutional mechanism to ensure that voices representing all relevant domains are heard in the discussion, nor is there an instrument or procedure commonly agreed upon for deciding who does what. The Center aims to contribute to the discussion of how to fill the existing gaps in global economic governance.

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