Global Economic Governance

The Global Economic Governance Initiative (GEGI) was founded in 2008 to advance policy-relevant knowledge about governance for financial stability, human development, and the environment and is now housed at the GDP Center.

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GEGI researches the performance of the ‘international economic architecture,’ meaning the various international financial, trade, and development institutions created in the aftermath of World War II that play a leading role in global economic governance to this day.

To this end, GEGI has five programs:

GEGI Publications and News

  • Mitigation of CO2 Emissions from International Shipping through National Allocation

    April 06, 2021

    International ships carry roughly 90 percent of global trade by volume and produce more CO2 emissions annually than Saudi Arabia, at two percent of of global emissions. Despite this, neither international treaties nor domestic policies control CO2 emissions from international maritime... [ More ]

  • GDP Center Roundup – IMF/World Bank Group Spring Meetings, 2021

    April 05, 2021

    By Maureen Heydt The 2020s were meant to be a decade of achieving shared sustainable development and climate goals, but instead began with a global pandemic, creating the biggest economic downturn since the Great Depression and pushing upwards of 124 million... [ More ]

  • Building Back a Better Financial Safety Net

    April 05, 2021

    The year 2021 is year two into the most important decade of the century where drastic reductions in carbon dioxide emissions and inequalities in a manner that raises standards of living is paramount to the survival of the world’s people... [ More ]

  • Climate Risk and IMF Surveillance Policy: A Baseline Analysis

    April 05, 2021

    The International Monetary Fund (IMF) has been tasked with quickly devising a climate change strat­egy that helps its members meet collective climate change and development goals while maintaining financial stability. A new working paper by Luma Ramos, Corinne Stephenson, Irene Monasterolo... [ More ]

  • IMF Austerity is Alive and Increasing Poverty and Inequality

    April 05, 2021

    By Rebecca Ray For many years, researchers have debated the International Monetary Fund’s (IMF) use of austerity, or required fiscal budget tightening: how common it is, which borrowers receive such requirements, whether IMF practice has changed after successive financial crises, and... [ More ]

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