Gallagher & Kozul-Wright Discuss New Book and Future of Global Economics
In their appearance on the “You Don’t Have to Yell” podcast, Kevin Gallagher, Professor of Global Development Policy at Boston University’s Frederick S. Pardee School of Global Studies and Director of the Global Development Policy Center (GDP Center), and Richard Kozul-Wright, Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development, discuss their new book The Case for a New Bretton Woods.
Gallagher and Kozul-Wright’s book lays the groundwork for moving the global economy away from ever-increasing levels of financialization and instability to one that promotes global prosperity and a stable climate. In their appearance, the two talk about the motive behind the original Bretton Woods conference, the need to revisit the root causes of financial instability today, and how to tackle the financial modern crisis in a way that doesn’t accentuate climate change. In drawing parallels to the original “Bretton Woods moment,” Gallagher argues that the world finds itself “at the 1944 point;” we are in the midst of a proxy war, and due to the increasingly globalized nature of the global economic system the world is reeling from one financial crisis after another. As Gallagher argues, “we already made our mistake in 2008. The time to act is now.”
The full podcast can be listened to below.
Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of numerous books, including most recently, The Case for a New Bretton Woods (Wiley, 2022). Read more about Professor Gallagher on his Pardee School faculty profile.