The demand for control over transnational corporations forms part of the demands for a New International Economic Order. The statements about the question of effective means of control are however so far vague and in the context of the demands for a New Economic Order even contradictory. Until...

The need for a pro-active more focused and more effective global mechanism to identify, control and mitigate the impact of economic and financial crisis has increasingly been felt over the last two decades. It got reinforced by not so effective IMF in terms of crisis control and mitigation as...

Die Vorstellung, die Wirtschaftspolitik könne auf die Globalisierung durch eine internationale Kooperation und Harmonisierung etwa der Sozialnormen antworten, ist ökonomisch nicht wohl begründet. Es ist eine Illusion, die Bedingungen für den Produktionsfaktor Arbeit weltweit harmonisieren zu...

It is difficult to know what to make of the present discussion about a New International Economic Order although it is certainly lively enough. Few observers can be able to point out the various levels at which arguments are bandied. Hardly anybody can distinguish a clear pattern in the variety...

In this WZB Discussion Paper we develop an analytical framework for the research project 'Contested World Orders', a collaborative effort between researchers based at the German Institute of Global and Area Studies (GIGA), the Peace Research Institute Frankfurt (PRIF), and the Berlin Social...

The policy advice given by economists in international institutions is influenced by their prior academic work. In my case, applied general equilibrium work resulted both in a belief in the necessity of decentralized markets and in a distrust of their ability to be stable. A career in...

The international financial crisis that started in 2007 was much more than an accident caused by undisciplined financial innovations. It was a major failure of global economic governance. “The globalization of finance and monetary systems has excessively prolonged the duration of unsustainable...