The Global Economic Governance Initiative
Principal Investigator: Prof. Kevin Gallagher
A research program of the Center for International Relations and the Frederick S. Pardee Center for the Study of the Longer Range Future.
Over the course of the 21st century, people all over the globe will become even more economically integrated. The challenge will be to integrate the world’s economies in a way that also enables long-run economic development in a socially and environmentally sustainable manner. This research initiative looks at the integration of trade and finance in this light, and also looks at the special case of China’s economic integration with the world economy. Empirical work on the current and historical impacts of trade and financial integration on the development process will be carried out in order to draw lessons for a 21st century global economic governance that promotes the broader goals of financial stability, economic and human development, and environmental sustainability.
The project engages in the following activities:
1) The Future of the World Trading System: This work consists of a series of research and outreach efforts that examine the extent to which current and proposed trade rules enhance the ability of developing country governments to deploy effective policies for longer-range development.
Key publications:
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The Future of North American Trade Policy: Lessons from NAFTA, Pardee Task Force Report |
The Future of the WTO, Issues in Brief No. 1, By Kevin Gallagher |
2) Financial Reform and Economic Governance: In the wake of the global financial crisis, nations, regions and global institutions are engaged in significant reform of their financial systems. This research effort analyzes the extent to which such efforts are consistent with the goals of financial stability, the generation of economic growth, and human development.
Key activities:
Task Force on “Managing Capital Flows for Long-Run Development”
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Pardee Center Luncheon with Featured Speaker, Paulo Nogueira Batista, Junior
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Key Publications:
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Related news:
1. Kevin Gallagher Discusses Capital Controls on EconSouth Now
3) China’s Global Reach: This work traces the rise of China in the global economy and examines the extent to which other developing countries are impacted, drawing lessons about the choice of development strategies and global economic governance for the 21st century. Particular emphasis is on China and Latin America.
Key publications:
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China and the Future of Latin American Industrialization, Issues in Brief No. 18, By Kevin Gallagher |
