The era of globalisation is drawing to a close and a new one is emerging—an era of bilateralism over globalisation, of domestic over foreign focus, and reality-based policy-making
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
The U.S. government shutdown and President Obama’s absence gave China immense diplomatic and political space at the APEC and East Asia Summit meetings. China’s declaration of a “de-Americanised” world may be premature but the crumbling old order is doing little to dispel this notion
Gateway House's Akshay Mathur interviews Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations (CFR), on his latest book, ‘The Battle Of Bretton Woods’ on how the IMF and the World Bank came to be.
The author explains in detail the functions of the World Bank and how it has evolved over the years. He also argues that while the bank has adapted to shifts in economic influence and the rise of emerging markets, it must become even more innovative and representative.