The Global South Must Be at the Center of the Making of a Just Global Economic Order
The US-dominated economic order constructed after Bretton Woods did not take the Global South into consideration. A new, just system will have to change that.
Daniela Gabor is professor of economics and macrofinance at UWE Bristol. She is writing a book on money in the age of financial globalization.
The US-dominated economic order constructed after Bretton Woods did not take the Global South into consideration. A new, just system will have to change that.
International financial institutions and G20 countries have constructed a partnership to benefit private finance at the expense of the citizens in poor countries. We need a radically different development model.
Despite nearly destroying the global economy in 2008, the shadow banking revolution marches on.