The Imperative for Improved Global Economic CoordinationArticle OPEN
Stiglitz, Joseph E.; (2009)
- Publisher: World Bank
Subject: bailout | bankruptcy | capital flows | capital market | capital market liberalization | credit assessment | debt | developing countries | disbursement | financial system | global economy | government expenditure | government spending | insurance | macroeconomic policies | monetary fund | national investment | policy responses | remittances | tax
While global coordination is absolutely essential, success in achieving it may prove difficult because economic globalization has outpaced political globalization. If we are to succeed, we will have to manage coordination better than we have in the past.