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Curated by Project Syndicate

Multilaterals on the Move

8 commentaries

The 2008 financial crisis heralded a return to prominence for the World Bank and the IMF. Project Syndicate’s contributors assess these institutions’ performance since then, and examine how they should be reformed to promote development more effectively and help advanced and emerging economies alike to avoid – or at least mitigate – future crises.

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  1. The Perils of Premature Deindustrialization

    The Perils of Premature Deindustrialization

    Oct 11, 2013 Dani Rodrik on developing economies' missing manufacturing.

  2. The Drawbacks of Forward Guidance
    pa1125c.jpg Paul Lachine

    The Drawbacks of Forward Guidance

    Oct 11, 2013 Marcel Fratzscher on the problem with central banks' communication strategies.

  3. Five Years in Limbo
    px2367.jpg

    Five Years in Limbo

    Oct 8, 2013 Joseph E. Stiglitz on the sluggish pace of post-crisis financial reform.

  4. In Defense of World Government

    In Defense of World Government

    Oct 8, 2013 Nancy Birdsall on how globally-minded citizens can strengthen global governance.

  5. Reason and the End of Poverty
    jm1251.jpg Jim Meehan

    Reason and the End of Poverty

    Oct 7, 2013 Kaushik Basu on the logical flaw that keeps people poor.

  6. The IMF’s Next Test
    pa217c.jpg Paul Lachine

    The IMF’s Next Test

    Oct 1, 2013 Gita Gopinath on why the IMF must provide forward guidance.

  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images

    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images

    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images

    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images

    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

    reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images

    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk

    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

    sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images

    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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