Thursday, October 23, 2014
  1. The WTO’s Reform Crisis

    Emily Jones

    The WTO’s Reform Crisis

    0

     opposes proposals to abandon the organization's consensus-based decision-making.

    WTO public forum globes WTO Public Forum/Flickr

    The World Trade Organization’s director-general, Roberto Azevêdo, has called for an urgent shakeup of his institution, and one of the main reform proposals is to abandon consensus-based decision-making. That might boost efficiency, but it could jeopardize one of the WTO’s greatest assets: its legitimacy. READ MORE

  2. The TPP’s Missing Ingredient

    Simon Johnson

    The TPP’s Missing Ingredient

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     says that Trans-Pacific Partnership needs a clause prohibiting currency manipulation.

    dollar currency manipulation Eric Gjerde/Flickr

    The typical approach when seeking to finalize an agreement aimed at reducing trade barriers is to ask for less, not more, from those on the other side of the table. But the Trans-Pacific Partnership is different: It will work only if the US insists that participating countries do not engage in currency manipulation. READ MORE

  3. The Moral Economy of Debt

    Robert Skidelsky

    The Moral Economy of Debt

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     on the need to limit credit supply and demand to what the economy is capable of producing.

    Newsart for The Moral Economy of Debt JuanG89/Flickr

    The creditor-debtor relationship embodies no iron law of morality; rather, it is a social relationship that always must be negotiated. When quantitative precision and an unyielding approach to debt obligations are the rule, conflict and penury soon follow. READ MORE

  4. Brazil’s Institutional Limbo

    Camila Villard Duran

    Brazil’s Institutional Limbo

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     says that Brazil's Central Bank needs reform, but neither presidential candidate has a credible plan.

    Brazilian Flag Adrien Sifre/Flickr

    Brazil's presidential election will determine the future of the central bank – and therefore the country's macroeconomic trajectory. The 50-year old institution is ripe for reform, but neither candidate seems ready to give it the independence it needs, or to ensure that it is truly accountable to citizens. READ MORE

  5. The Spider of Finance

    Howard Davies

    The Spider of Finance

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     assesses the performance of the Financial Stability Board after five years.

    Spider web Kurtxio/Flickr

    The Financial Stability Board has now been in operation for five years. Though no international audit of its performance has been undertaken, a fair verdict would be that the FSB has done no more and no less than what its political masters have been prepared to allow it to do. READ MORE

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