Global Financial Reform Needed, But Unlikely

Global Financial Reform Needed, But Unlikely

The 2008-2009 global financial crisis and other recent related crises since the end of the 20th century have their origins in the anarchic international financial liberalization and the ‘non-system’ which emerged following the unravelling of the Bretton Woods international monetary system. The multi...

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Veröffentlicht in:Development (Society for International Development) 2016-06, Vol.59 (1-2), p.71-76
1. Verfasser: Jomo, Kwame Sundaram
Format: Artikel
Sprache:eng
Schlagworte:
20th century
Development and Social Change
Development Economics
Development Policy
Development Studies
Economic crisis
Economic reform
Financial liberalization
Financial systems
International finance
International monetary system
Liberalization
Monetary systems
Reforms
Social Sciences
Sustainable development
Thematic Section
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Zusammenfassung:The 2008-2009 global financial crisis and other recent related crises since the end of the 20th century have their origins in the anarchic international financial liberalization and the ‘non-system’ which emerged following the unravelling of the Bretton Woods international monetary system. The multilateral United Nations system must fill the void to credibly guide efforts to build an international monetary and financial system to support sustainable development for all.
ISSN:1011-6370
1461-7072
DOI:10.1057/s41301-017-0083-z